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☆ Intel CEO Pat Gelsinger resigns after a disastrous tenure
▼ + stars: | 2024-12-02 | by ( Clare Duffy | David Goldman | ) edition.cnn.com time to read: +1 min

CNN —Intel Monday announced CEO Pat Gelsinger has resigned after a difficult stint at the company. The once-dominant chipmaker’s stock cratered as it missed the AI boom and was surpassed by most of its rivals. Gelsinger took over as Intel’s chief executive in February 2021, returning to the company at which he had spent decades of work, including as chief technology officer. He had left Intel for a stint as CEO of software giant VMWare. At Intel, Gelsinger was tasked with turning around the iconic American tech giant that was struggling against unprecedented competition, production delays and the departure of top talent.

Persons: Pat Gelsinger, Gelsinger Organizations: CNN, Intel, VMWare

☆ European markets expected to start December trading in flat to lower territory
▼ + stars: | 2024-12-02 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

European markets are expected to kickstart the final month of trading this year in flat to lower territory Monday. The U.K.'s FTSE 100 index is expected to open 2 points lower at 8,285, Germany's DAX down 19 points at 19,606, France's CAC down 41 points at 7,188 and Italy's FTSE MIB down 167 points at 33,275, according to data from IG. Data releases include European manufacturing purchasing manager's index figures and Italian gross domestic product. Over the weekend, China released its official purchasing managers' index reading for November, which came in at the highest level since April. On Monday, speeches are due from Federal Reserve Governor Christopher Waller and New York Fed President John Williams.

Persons: Germany's DAX, Donald Trump's, Christopher Waller, John Williams Organizations: France's CAC, IG, U.S, Federal Reserve, New York Fed Locations: Asia, Pacific, China

☆ HSBC economist says he prefers countries with a strong domestic market in light of tariff risks
▼ + stars: | 2024-12-02 | 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 EmailHSBC economist says he prefers countries with a strong domestic market in light of tariff risksFrederic Neumann, chief Asia economist and co-head of global research for Asia at HSBC, says he favors countries with a strong domestic economy and limited external trade exposure in the near term, given the uncertainty of how the incoming Trump administration will implement tariffs.

Persons: Frederic Neumann, Trump Organizations: HSBC Locations: Asia

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Persons: we've, Riley, sitewide Carl Friedrik, Pick, let's, they're, we're, It's, Kaya, Calpak Calpak Luka, Luka Duffel Organizations: Business, Briggs, Dover, TSA, Delsey, Disney, Star Wars, Metro, Calpak Calpak, Calpak Calpak Luka Duffel, Prime Locations: Delsey Chatelet, Chatelet, Calpak

☆ Trump said he'll put a 100% tariff on countries that give up the dollar. That could backfire.
▼ + stars: | 2024-12-02 | by ( Huileng Tan | ) www.businessinsider.com time to read: +7 min

AdvertisementUS President-elect Trump has threatened 100% tariffs on BRICS nations to protect the US dollar's dominance. BRICS nations are exploring alternatives to the US dollar amid de-dollarization talks. The US dollar gained on the political uncertainty, with the Dollar Index up 0.6% at 3:10 a.m. AdvertisementIn October, Russian President Vladimir Putin opened a summit of BRICS nations by calling for an alternative payment system. AdvertisementLast week, Trump threatened 25% tariffs on imports from top trading partners Canada and Mexico, and an additional 10% tariff on China.

Persons: Trump, dollarization, Donald Trump, Brad Setser, Setser, —, Michael Pettis, Pettis, There's, isn't, Vladimir Putin, Putin, Justin Trudeau, Claudia Sheinbaum Organizations: United, US, Council, Foreign Relations, Treasury, Deutsche Bank, Trump, Deutsche, Carnegie Endowment, International, Russia, ING, greenback, . Canadian, Reuters, Canadian Locations: Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, United Arab Emirates, Ukraine, Russian, Canada, Mexico, Florida

☆ An Indian automaker just unveiled 2 EVs priced around $25,000. Analysts say buy the stock
▼ + stars: | 2024-12-02 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Mahindra & Mahindra , one of India's largest automakers, last week unveiled two new electric vehicles priced around $25,000, challenging both domestic and international rivals in the growing Indian EV market. The Wall Street bank has a buy rating on Mahindra's stock, with a price target of 3,520.00 Indian rupees ($41), which points to 18% upside potential. MAHM-IN 1Y line Mahindra & Mahindra said the vehicles will have a range of up to 682 kilometers (424 miles) with the larger battery option. He has a price target of 3,420 rupees on the stock, which represents 15% upside and is also the median price target of all analysts covering the stock. Tata Motors , another large automaker, currently dominates India's small EV market, with about 70% market share.

Persons: Arvind Sharma, Citi's Sharma, Tesla, Motilal Oswal, Aniket Mhatre, Mhatre, Motilal, Kapil Singh Organizations: Mahindra, EV, Electric, Bank of America, National Stock Exchange, Motilal Oswal, Investment, Tata Motors, Korea's Hyundai Motors Locations: Chennai, India, China, U.S, Germany

☆ Roth MKM upgrades Tesla, citing Musk's support for Trump boosting brand enthusiasm
▼ + stars: | 2024-12-02 | by ( Pia Singh | In | ) www.cnbc.com time to read: +3 min

Analyst Craig Irwin upgraded Tesla shares to buy and increased his price target on the stock to $380 from $85. Tesla shares are up roughly 42% year to date, marking a massive turnaround since President-elect Donald Trump won the U.S. presidential election and strengthened his ties with Tesla CEO Elon Musk . "Musk's authentic support for Trump likely doubled Tesla's pool of enthusiasts and lifted credibility for a demand inflection. He believes Tesla's domestic EV market share could rise back above 50% in the near term. The company's market share had fallen to 48.2% in the third quarter, he said.

Persons: Tesla, Roth MKM, Craig Irwin, Donald Trump, Elon Musk, Trump, Irwin, Telsa, Joe Biden, Roth, FactSet Organizations: U.S, Trump, Tesla, EV

☆ Stellantis and Samsung Will Get $7 Billion to Build Battery Factories
▼ + stars: | 2024-12-02 | by ( Jack Ewing | ) www.nytimes.com time to read: +1 min

The Biden administration expanded its efforts to lock in its climate policies on Monday, saying that it would lend almost $7 billion to help build battery factories in Indiana to supply vehicles made by Stellantis, the owner of Jeep, Chrysler, Dodge and Ram. The financing, which was the second multibillion-dollar loan related to electric-vehicle manufacturing in a week, is part of the administration’s efforts to create domestic supplies of batteries. President-elect Donald J. Trump has vowed to reverse Biden administration policies aimed at promoting electric-vehicle manufacturing. Last week, the Department of Energy said it would lend $6 billion to help Rivian build an electric-car factory in Georgia. Rivian, a relatively new company that makes only electric vehicles, plans to produce sport utility vehicles and hatchbacks at the factory, in Social Circle, near Atlanta.

Persons: Biden, Stellantis, Ram, Donald J, Trump Organizations: Chrysler, Dodge, Transportation, Department of Energy Locations: Indiana, United States, Georgia, Atlanta

☆ China bonds rally with 10-year yield hitting a multi-decade low on rate cut expectations
▼ + stars: | 2024-12-02 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +4 min

China bonds rallied Monday with the 10-year yield dropping below the key psychological level of 2% to hit a multi-decade low, amid expectations that Beijing could expand its stimulus measures to shore up the economy. Yields on China's 10-year government bond, which move inversely to prices, fell to 1.9636% on Monday, data from LSEG showed, marking its lowest level in 22 years. 30-year bond yields dropped to 2.164%. "The resistance for further downside [on bond yields] may increase due to higher government bond issuance and upcoming major meetings," OCBC's Xie noted. China's 10-year yield remains far lower than the U.S. 10-year Treasury yield of over 4%.

Persons: Tommy Xie, Edmund Goh, Goh, Pan Gongsheng, OCBC's Xie, Xie, Eugene Hsiao Organizations: OCBC Bank, People's Bank of China, CNBC, Communist Party, Macquarie Locations: China, Beijing, LSEG, Asia, U.S

☆ China is studying sanctions on Russia to figure out how to handle them if it invades Taiwan, report says
▼ + stars: | 2024-12-02 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +4 min

AdvertisementChina is studying the effects of Western sanctions on Russia to prepare for any invasion of Taiwan. China is closely monitoring the effects of Western sanctions on Russia in order to prepare for a possible invasion of Taiwan, The Wall Street Journal reported, citing people familiar with the matter. Alexander Gabuev, the director of the Carnegie Russia Eurasia Center, told the Journal that Russia is serving as a "sandbox" for China for how sanctions operate and how they should handle them. AdvertisementEven so, Russia's economy has been heavily impacted by the ongoing conflict and the Western sanctions imposed on it. Advertisement"Essentially, the experience of the last three years substantially reduced the fear of large authoritarian states with respect to Western sanctions, and this is very concerning," he said, adding that China-Russia economic cooperation would make any future Western sanctions against China less effective.

Persons: Alexander Gabuev, Alexander Libman, Libman Organizations: Street Journal, Carnegie Russia Eurasia Center, Free University of Berlin Locations: China, Russia, Taiwan, Ukraine, Moscow, Beijing, India, Turkey, USSR

A week of major movie releases has propelled this holiday stretch to the highest-grossing Thanksgiving weekend ever at the box office. First, viewers packed theaters to sing with the witches of Oz and watch a vengeful gladiator face the horrors of the ancient Roman Colosseum. Then, they returned to the big screen to follow Moana’s treacherous seafaring journey. Grossing $221 million across North America since its Wednesday release, “Moana 2” has shattered box office records with the biggest five-day opening of all time — including the biggest Thanksgiving debut ever. Disney Entertainment Co-Chairman Alan Bergman said in a statement that the film has “far surpassed our high expectations this weekend and is a testament to the phenomenon that ‘Moana’ has become.”Universal’s “Wicked” and Paramount’s “Gladiator II” continued to rake in revenue throughout Thanksgiving weekend, with “Wicked” grossing an estimated $117.5 million and “Gladiator II” getting $44 million in domestic earnings over the five-day period.

Persons: Oz, Mario, Moana, Alan Bergman, Paramount’s, ” Organizations: North, “, Mario Bros, Disney Entertainment Locations: North America, Polynesia, Moana

☆ Meet the Press – December 1, 2024
▼ + stars: | 2024-12-01 | by ( ) www.nbcnews.com time to read: +56 min

ANNOUNCER:From NBC News in Washington, the longest-running show in television history, this is Meet the Press with Kristen Welker. He credited President-elect Trump with this ceasefire, Jake, saying, quote, "Everyone is coming to the table because of President Trump." The second dynamic to watch is, Kash Patel is on the record for the retribution agenda that Donald Trump ran on. I will never forget when you asked former President Trump – President-elect Trump and President Biden during that last presidential debate in 2020 about 545 children who were still separated from their parents. And before we go, the newest member of the Meet the Press family, Frankie Alice Katz was born at 12:23 a.m. on Wednesday.

Persons: KRISTEN WELKER, Donald Trump, Christopher Wray, Kash Patel, KASH PATEL, I’d, FBI Hoover, Trump, PRES, JOE BIDEN, JUSTIN TRUDEAU, He’d, Bill Hagerty, Chris Murphy, Jake Sullivan, JONATHAN WHITE, Oscar, Errol Morris, NBC's Jacob Soboroff, Jonathan Allen, Kimberly Atkins Stohr, Matt Gorman, Sahil Kapur, it’s, Kristen Welker, Patel, “, STEVE BANNON, Bannon, DONALD TRUMP, Justin Trudeau, Trudeau, he'd, Biden, Edan Alexander, YAEL ALEXANDER, Jake, JAKE SULLIVAN, Kristen, we're, that's, Mike Waltz, President Trump, we've, Joe Biden, Bashar al, Assad, it's, I'm, They're, Chris Wray, Joe Biden didn't, Hagerty, SEN, BILL HAGERTY, Let's, I've, Kash, Colin Kahl, Kamala Harris, You've, Rob Malley, He's, Ariane Tabatabai, It's, Hunter, Hunter Biden, Kash Patel's, – SEN, –, Bill Barr, Tony Blinken, Israel, That's, Trump's, Tulsi Gabbard, she's, Tulsi, – KRISTEN WELKER, Murphy, Press . SEN, CHRIS MURPHY, Donald Trump's, Adam Schiff, Marco Rubio, Marcio Rubio, Donald Trump carte, who's, they're, you've, Harris, Nancy Pelosi, Tim Scott, Hope, Jon, John Bolton, JONATHAN ALLEN, John Bolton's, Matt Gaetz, SAHIL KAPUR, he's, doesn't, tweeting, MATT GORMAN, Gaetz, it's Tulsi, Betsy Devos, Matt Gaetz didn't, DOJ – didn’t, Pete Hegseth, Jr, KIMBERLY ATKINS STOHR, Matt, Claudia Sheinbaum, Biden's, Judge Ketanji Brown Jackson, We've, Yitzhak Rabin, YITZHAK RABIN, Jacob Soboroff, JACOB SOBOROFF, ERROL MORRIS, Errol, Jacob, Adam Serwer, haven't, Jacob – ERROL MORRIS, Jonathan White, Pope, hadn't, Frankie Alice Katz, Sally Bronston Katz, Michael, Frankie Alice, Fredalee, Adrien, We'll Organizations: FBI, Senate, Democratic, Connecticut, National Security, Trump, Boston Globe, NBC, Press, Bureau, Canadian, Hezbollah, Hamas, National, Lebanese Army, Rebels, UN, Republican, The Press, DOD, Department of Justice, China, United States, Depot, Walmart, Communist, Press ., of Justice, White, Wall Street, Republicans, of Commerce, Treasury, Education, Biden White House, Communications, AG, RFK, DOJ, Heritage, U.S ., Mar, Democrat, Clean Energy, U.S, Supreme, Palestine Liberation Organization, Israeli, Oscar, NBC News, Human Rights, American Academy of Pediatrics, Department of Homeland Security, Trump –, MSNBC, Refugee, . Locations: Tennessee, Israel, Gaza, Washington, Mexico, Canada, China, Mar, United States, U.S, Lebanon, Iranian, France, Lebanese, Syria, Aleppo, Iran, Russia, American, Japan, Europe, –, Connecticut, America, States, Trump, Oslo Accords, Eastern Europe

☆ ‘Moana 2,’ ‘Wicked’ and ‘Gladiator II’ hit box office trifecta for Thanksgiving weekend
▼ + stars: | 2024-12-01 | by ( Auzinea Bacon | ) edition.cnn.com time to read: +4 min

CNN —Instead of lounging on the couch after Thanksgiving, Americans headed to movie theaters, as the premiere of Disney’s “Moana 2” and the draw of “Wicked” and “Gladiator II” provided a big boost to the domestic box office. The success of the three films brought a new perspective on where the box office year can wind up, he said, since no one expected this to be a $420 million Thanksgiving weekend. Reviving the moviegoing experienceLoria said Universal, Paramount and Disney focused on theatrical-driven marketing campaigns, which movie theater companies could lean into. It meant movie theaters stepped up to cater to three very different audiences: those looking for epic historical action, musical fantasy and animated adventure. Dergarabedian said the theater screen goes hand-in-hand with streaming services at home and can build up the success of a movie long-term.

Persons: ”, Moana, “, Mario, ” Alan Bergman, Paul Dergarabedian, Barbie ”, “ Oppenheimer, Lionsgate’s “, Daniel Loria, Sony’s “ Kraven, Hunter ”, King ”, Michael O’Leary, Loria, Dergarabedian Organizations: CNN, Mario Bros, Disney Entertainment, Universal, Paramount Pictures, Amazon MGM Studios, Warner Brothers Discovery, Warner Bros, Boxoffice, National Association of Theatre Owners, Paramount, Disney

☆ 'Moana 2' snares $221 million in its five-day domestic opening, fueling the biggest Thanksgiving box office of all time
▼ + stars: | 2024-12-01 | by ( Sarah Whitten | ) www.cnbc.com time to read: +3 min

It was all feast and no famine at the Thanksgiving box office this year. "Moana 2" led the frame with $221 million for the five-day period, a significant overperformance compared to the $100 million box office analysts had initially expected. It is now the highest-grossing Broadway adaptation of all time at the domestic box office. This year's overperformance at the box office during the Thanksgiving period has also helped narrow the gap between 2024 and 2023's hauls. Heading into this holiday period, the 2024 box office was down 11% compared to the previous year's numbers.

Persons: Paul Dergarabedian, Shawn Robbins, Ralph Organizations: Fandango, Comcast, CNBC Locations: Hollywood, NBCUniversal

☆ Vietnam announces ambitious high-speed rail plans
▼ + stars: | 2024-12-01 | by ( Associated Press | ) edition.cnn.com time to read: +1 min

The ambitious railway line will stretch 1,541 kilometers (957 miles) between the Vietnamese capital and the financial capital in the south. Construction is expected to begin in 2027 and Vietnam hopes that the first trains will start operating by 2035. The train will pass through 20 provinces and cities, with 23 passenger stations and five freight stations along the way. It will transport both people and goods and will also service defense purposes, state media said. State media said that Vietnam will prioritize domestic funding for the project but may consider foreign loans if they are affordable and not restrictive.

Persons: Transport Nguyen Danh Huy, ” Organizations: Vietnam’s National Assembly, Transport Locations: Vietnam, Hanoi, Ho Chi Minh City

☆ Volkswagen workers prepare to strike across Germany
▼ + stars: | 2024-12-01 | by ( Hanna Ziady | ) edition.cnn.com time to read: +3 min

London CNN —Tens of thousands of Volkswagen workers will participate Monday in strikes at plants across Germany, labor union IG Metall said, marking the largest walkouts at the carmaker’s domestic operations since 2018. “If necessary, this will become the toughest wage dispute Volkswagen has ever seen,” IG Metall’s chief negotiator Thorsten Groeger said in a statement Sunday. The walkouts will be the first large-scale strikes that Volkswagen has faced since 2018, according to IG Metall, when 50,000 workers idled plants over pay. Indefinite strikes could also be called as a last resort, but only after members have been consulted again, IG Metall said. Volkswagen has said it may need to close plants in Germany for the first time in its 87-year history.

Persons: Metall, IG, Thorsten Groeger, ”, IG Metall Organizations: London CNN, Volkswagen, VW, IG Metall’s, IG Metall Locations: Germany, China

☆ Protests in Georgia spread as PM defies US condemnation
▼ + stars: | 2024-12-01 | by ( ) edition.cnn.com time to read: +6 min

The country of 3.7 million people has seen months of rising tension between the ruling Georgian Dream party and opponents who accuse it of pursuing increasingly authoritarian, anti-Western and pro-Russian policies. Opposition TV channel Formula showed footage of people in Khashuri, a town of 20,000 in central Georgia, throwing eggs at the local Georgian Dream office and tearing down the party’s flag. Georgian Dream says it is acting to defend the country’s sovereignty against outside interference. Georgia’s foreign ministry said in a statement that foreign states were trying to “interfere in the functioning of the institutions of a sovereign state”, and that this was unacceptable. But domestic opponents and Western governments have become increasingly concerned that Georgian Dream is intent – despite its denials – on abandoning that course.

Persons: Interpress, Dmitry Medvedev, Irakli Kobakhidze, ”, Kobakhidze, Donald Trump, Irakli Gedenidze, Salome Zourabichvili –, Zourabichvili, –, Giorgi Arjevanidze, Kaja Kallas Organizations: TBILISI Reuters — Protesters, European Union, EU, Protesters, Georgia, West, NATO, Getty Locations: TBILISI, Georgia’s, Georgian, Tbilisi, Black, Poti, Khashuri, Georgia, United States, Russia, Russian, Moscow, Tbilisi , Georgia, Washington, Soviet Union, AFP, Ukraine

Economists broadly dislike tariffs, saying they tend to increase prices for consumers — a likelihood that many company executives are already warning of. The new slate of tariffs Trump calls for would be much steeper and more far-reaching if fully implemented. “In his first term, President Trump instituted tariffs against China that created jobs, spurred investment and resulted in no inflation,” Trump transition spokeswoman Karoline Leavitt said in a statement. Angie Chua, founder of Bobo Design Studio, is considering adding a line item to show customers how tariffs affect her prices. How do you even forecast for that?”Hadley Douglas, left, pictured with her husband, TJ Douglas, said steep tariffs could drive small wine distributors out of business.

Persons: they’d, Trump, Karoline Leavitt, “, Chris Smith, Smith, He’s, Angie Chua, Bobo, Kristina Bumphrey, Chua, ”, ” Chua, doesn’t, ” Hadley Douglas, TJ Douglas, John Tlumacki, Hadley Douglas, Douglas, ” Douglas, Joe Hakim, he’s Organizations: NBC, Trump, “, Virginia Beer Company, Bobo Design, Bobo’s, Boston Globe, Getty, Boston, U.S . Chamber, Commerce’s Small Business Council Locations: China, Williamsburg , Virginia, Palm Springs , California, Boston, Redford , Michigan

☆ Unclaimed Baggage: Inside the Alabama store that sells the contents of lost suitcases
▼ + stars: | 2024-11-30 | by ( Faith Karimi | ) edition.cnn.com time to read: +14 min

Inside the 50,000 square-foot space, rows of clothes, shoes, books, electronics and other inventory from lost suitcases stretch as far as the eye can see. Austin Steele/CNNOutfits by costume designer Ret Turner are displayed at the Unclaimed Baggage store in Scottsboro, Alabama. If lost suitcases cannot be reunited with their owners within four months, they are shipped to the Unclaimed Baggage store. Austin Steele/CNNThe Unclaimed Baggage store sells watches left in suitcases, in carry-on luggage and in the plane's seat pockets. The store once sold a Rolex watch for $32,000Andolyn Parrish, 28, from Nashville, poses with her shopping cart at the Unclaimed Baggage store.

Persons: Alabama CNN — Vee, Aronds, Tinker Bell, Disney’s “ Peter Pan ”, Bryan Owens, she’d, “, ”, Frederick Stewart, Austin Steele, CNN Vee Aronds, Owens ’, Doyle Owens, ‘, ’ ” Bryan Owens, Owens, Ret Turner, It’s, Sonni Hood, ” Austin Steele, Hood, Michael Ciaglo, United, Wade Dubose, Joni Mitchell, ” Owens, Daniel Scheinert, ” Wade Dubose, Dubose, Andolyn Parrish, CNN Andolyn Parrish, Louis Vuitton, there’s, ” Hood, hasn’t, ” Stewart chuckled, “ I’m Organizations: Alabama CNN, CNN, Trailways, Scottsboro, Nikon, NASA, ”, US . Airlines, Southwest Airlines, Denver International Airport, Tech, United Airlines, Southwest —, Thrift, Louis, Rolex, Atlanta, Lions Club Locations: Scottsboro, Alabama, Ooltewah , Tennessee, Washington ,, Scottsboro , Alabama, Southwest, Nashville

☆ Lebanon’s displaced take stock of their losses amid delicate truce
▼ + stars: | 2024-11-30 | by ( Tamara Qiblawi | Muhammad Darwish | ) edition.cnn.com time to read: +7 min

Beirut's southern suburbs, Lebanon CNN —Like tens of thousands of Lebanon’s displaced, Hussein Mallah headed to the southern suburbs of Beirut at the break of dawn on Wednesday. The truce between Hezbollah and Israel had just begun, ending a two-month war. Nothing can break our spirits.”In Beirut's southern suburbs, shards of glass crack underfoot and rubble falls from above as people clear wreckage from balconies. Muhammad Darwish/CNNTraffic jams have returned to Hadi Nasrallah Avenue in Lebanon’s capital, the southern suburbs’ main boulevard named after the son of late Hezbollah leader Hassan Nasrallah. Marwa, 25, speaks to CNN from her badly damaged home in the southern suburbs of Beirut following two months of displacement.

Persons: Hussein Mallah, Mallah, ”, “, we’ll, Muhammad Darwish, Hadi Nasrallah, Hassan Nasrallah, Nasrallah, Nasrallah’s, General Naim Qassem –, Qassem, we’d, welling, “ We’ve, Umm Hussein Organizations: Lebanon CNN, CNN, – Locations: Lebanon, Beirut, Israel, Lebanese, Lebanon’s, Gaza, Inside Lebanon

Taylor Swift fans up in the bleachers of her soon-to-be-completed Eras Tour surely missed a host of Easter eggs she stashed in plain sight. The billionaire singer-songwriter's "Eras Tour Book" hit shelves on Black Friday, revealing previously unknown tidbits about the record-breaking concert run that's spanned five continents over 21 months. Her movie, “Taylor Swift: The Eras Tour,” was the highest-grossing domestic concert film of all time. A view of The Official Taylor Swift | The Eras Tour Book on display as guests shop Target Black Friday Deals and Taylor Swift Exclusive Products, in Jersey City, N.J., on Friday. Shows on the "Eras Tour" run with military-like precision, always starting on time.

Persons: Taylor Swift, Swift, “ Taylor Swift, ”, Dave Kotinsky Organizations: Target, Poets Department, Wall Street Journal, Taylor Swift Exclusive Products Locations: Jersey City, N.J, Vancouver

☆ ‘Moana 2’-led Thanksgiving box office could be best in post-pandemic era
▼ + stars: | 2024-11-29 | by ( Sarah Whitten | Whitten Is A Social Media Writer For Cnbc. | ) www.nbcnews.com time to read: +3 min

The domestic box office is poised for its biggest Thanksgiving haul since the pandemic thanks to a Polynesian princess, a pair of witches and a revenge-fueled gladiator. Disney’s “Moana 2” hit theaters Wednesday and is expected to generate between $120 million and $150 million in box office receipts in the U.S. and Canada through Sunday. The second-highest haul for the holiday period was the $294.2 million secured during the same five-day period in 2013. After ruling the Thanksgiving box office for years with titles from Pixar and Disney Animation, it’s failed to live up to expectations with its recent string of releases. In 2016, “Moana” opened over the Thanksgiving holiday, generating $82.1 million.

Persons: It’s, Universal’s, Paramount’s, ”, Shawn Robbins, that’s, “, “ Ralph, II, Paul Dergarabedian, it’s, “ Moana, “ Coco ”, Ralph Organizations: Disney, Fandango, Comscore, Pixar, Disney Animation, “, Comcast, CNBC Locations: U.S, Canada, ‘, Comscore, “ Moana ”, “, NBCUniversal

Tech billionaire Elon Musk is already huge in China — but now his 76-year-old mother is a rapidly rising star there as well. “China is so advanced in roads, tunnels, buildings, infrastructure, and ports,” she wrote on her son’s social media platform X in October. Musk walking the runway for Chinese women’s wear brand Juzui at New York Fashion Week in September. Musk is one of a number of “silver-haired influencers” in China, a fast-aging country where there is growing concern about aging well. Maye Musk and Elon Musk at a campaign rally for President-elect Donald Trump at Madison Square Garden in New York on Oct. 27.

Persons: Elon Musk, “, ” Musk, Thomas Concordia, ”, Ashley Dudarenok, ” Dudarenok, Errol Musk, Musk, Elon, Maye Musk, Donald Trump, Jabin, Dudarenok, Trump, Maye Organizations: Tech, New York, Getty, Fila, Madison, Washington, Trump —, “ Department, Government Locations: HONG KONG, China, ”, U.S, New York, Hong Kong, “, Shanghai

☆ How to 'tariff-hedge' your European portfolio, according to TS Lombard
▼ + stars: | 2024-11-29 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +3 min

As Europe faces the prospect of tariffs on its exports to the United States, TS Lombard has advised investors in the region on how to "tariff-hedge" their portfolios. This week he announced that Mexico, Canada and China would be the first countries in the firing line. In a note this week, Davide Oneglia, director of European and global macro at TS Lombard, advised European investors to address their "tariff risk" by looking at their exposure "in the way Donald Trump ... does, i.e. Selective approach Secondly, the economist noted that while it makes sense in the near term to stay underweight European stocks in aggregate relative to U.S. stocks, investors appear "too dismissive" of opportunities in EU markets. It's also likely that Trump will be open to negotiating with EU countries – and, potentially, with EU businesses, T.S.

Persons: Lombard, Donald Trump, Trump, Davide Oneglia, Oneglia, Lombard's Oneglia, It's Organizations: European Union, U.S, Lombard, Airbus, EU, Nasdaq, Trump Locations: Europe, United States, Mexico, Canada, China, Spain, Greece, Portugal, Italy, Germany, France, Ireland, Austria, Sweden, Denmark, Finland, U.S, T.S

☆ How China Became the World’s Largest Car Exporter
▼ + stars: | 2024-11-29 | by ( Agnes Chang | Keith Bradsher | ) www.nytimes.com time to read: +11 min

How China Became the World’s Largest Car ExporterChina 5.7 million cars exported Japan Mexico Germany South Korea Top car exporters in the world United States 2016 2020 2024 China 5.7 million cars exported Japan Mexico Germany South Korea Top car exporters in the world United States 2016 2020 2024 China 5.7 million cars exported Japan Mexico Germany South Korea Top car exporters in the world United States 2016 2020 2024 Source: Alix Partners Note: 2024 values are estimated. Domestic sales 20 Exports 0 2010 2015 2020 2024 Production capacity 40 million cars Car production capacity has risen faster than sales. Mr. Wen gave him essentially a blank check to make China the world’s leader in electric cars. Last year, most of the cars China sold abroad were traditional gasoline engine cars. China has more than 100 factories with a combined capacity to build close to 40 million internal combustion engine cars a year.

Persons: Alix, Donald J, Trump, Wen Jiabao, Wen, Carmakers Organizations: China, Japan Mexico Germany South, Alix Partners, European Union, China’s, Communist Party, Wan, Audi, America, UNITED STATES, BRAZIL, UBS, China Volkswagen, Volkswagen Locations: China, Japan Mexico Germany, Japan Mexico Germany South Korea, States, United States, Asia, Thailand, Philippines, Germany, Europe, Southeast Asia, Shanghai, Russia, Ukraine, Latin America, TURKEY, India, Brazil, Turkey, U.S

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