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☆ The US is on the cusp of a nuclear renaissance. One problem: Americans are terrified of the waste
▼ + stars: | 2024-11-25 | by ( Ella Nilsen | Bill Weir | ) edition.cnn.com time to read: +11 min

This is one of several misconceptions about nuclear energy: America’s nuclear waste is not buried in a mountain or tucked at the bottom of a deep, rocky cavern. That is almost entirely because Americans are by and large opposed to living anywhere near nuclear waste, and suspicious of governments’ or utilities’ attempts to assuage nuclear fears. The byproduct of nuclear energy is still associated with atomic bombs or nuclear meltdowns. On the threshold of America’s nuclear energy renaissance, federal officials are pleading with communities to say yes to storing spent fuel. No state has yet raised its hand to store the country’s nuclear energy waste, despite the lucrative deals it could foment.

Persons: BUCHANAN, Trump, Homer Simpson, ”, Paul Murray, Murray, Brian Vangor, Julian Quinones, Bill Gates, James Kenney, Nathan J Fish, Matt McClain, Bob Bell, Canada –, Allison McFarlane, –, Harry Reid, Bob Riha Jr, ” Murray, “, Sergio Flores, Kenney, ” Thoreau, Ezekiel Gonzales, Frank Rusco, Alvin W, Mike Stewart, Greg Piefer, Democratic Sen, Ben Ray Lujan Organizations: New York CNN, US Energy, CNN, New Mexico –, Manhattan Project, New Mexico’s Environment Department, Cruces Sun, Trinity, White, Washington Post, US, US Nuclear Regulatory Commission, Las Vegas, Supreme, Regulatory, Bloomberg, Getty, Taxpayers, Office, Alvin, Shine Technologies, Democratic Locations: New York, York, China, Georgia, Pennsylvania, New Mexico, Lea County , New Mexico, Cruces, New mexico, Finland, Sweden, Canada, Nevada, Las, British, France, Japan, Texas, Midland , Texas, Mexico, Thoreau , New Mexico, “, ”, Waynesboro , Georgia, Ben Ray Lujan of New Mexico

☆ Trump ups the ante on tariffs, vowing massive taxes on goods from Mexico, Canada and China on Day 1
▼ + stars: | 2024-11-25 | by ( David Goldman | ) edition.cnn.com time to read: +6 min

CNN —President-elect Donald Trump on Monday promised massive hikes in tariffs on goods coming from Mexico, Canada and China starting on the first day of his administration. What America importsThe United States’ top import from Canada is oil, which reached a record 4.3 million barrels per day in July, according to the US Energy Information Administration. The United States imports a significant amount of electronics from China, in addition to machinery, toys, games, sports equipment, furniture and plastics. The Trump tariffs also hit foreign steel, aluminum, washing machines and solar panels. He did just that when he was last in the White House, placing large tariffs on goods, primarily from China.

Persons: Donald Trump, Trump, ” Trump, “, ”, Liu Pengyu, ” Liu, Dow, Karl Schamotta, United Nations ’, It’s, Scott Bessent, Bessent’s, Trump’s, CNN’s Matt Egan, Jack Forrest Organizations: CNN, United, Embassy, United States, Canadian, Nasdaq, Treasury, America, US Energy Information Administration, United Nations, Commerce Department, Peterson Institute for International Economics, Senate, Commerce, US Trade Representative Locations: Mexico, Canada, China, “, United States, United, America

☆ End of Trump Cases Leaves Limits on Presidential Criminality Unclear
▼ + stars: | 2024-11-25 | by ( Charlie Savage | ) www.nytimes.com time to read: +1 min

Both cases against Mr. Trump — for his attempt to overturn the 2020 election and his later hoarding of classified government documents and obstruction of efforts to retrieve them — were short-circuited by the fact that he won the 2024 election before they could be definitively resolved. Jack Smith, the special counsel who brought both cases against Mr. Trump, asked courts on Monday to shut them down. The result is not just that Mr. Trump appears set to escape any criminal accountability for his actions. (Mr. Smith left the door open to, in theory, refiling the charges after Mr. Trump leaves office, but the statute of limitations is likely to have run by then.) It also means that two open constitutional questions the cases have raised appear likely to go without definitive answers as Mr. Trump takes office.

Persons: Donald J, Trump, Trump —, Jack Smith, Smith Organizations: Monday, Justice Department

☆ Asia markets set to open higher as Aussie stocks hit record high; India GDP and Korea rates in focus
▼ + stars: | 2024-11-25 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Anadolu Agency | Anadolu Agency | Getty ImagesAsia-Pacific markets were set to mostly climb Monday, with investors awaiting Korean central bank's rate decision and India' third-quarter GDP numbers this week. Singapore later in the day will release its inflation figures for October. Economists polled by Reuters expect the headline inflation rate of 1.8%, down from the 2% in the previous month. Other economic data this week include October inflation readings from Australia, due Wednesday, and November inflation numbers from Japan's capital city of Tokyo on Friday. Tokyo's inflation figures are widely considered a leading indicator of nationwide trends.

Organizations: Skyline, Anadolu Agency, Getty, Reuters, Nikkei Locations: Sydney, Australia, Asia, Pacific, India, Singapore, Tokyo, Chicago, Osaka

☆ Treasury yields fall as investors endorse Trump's Treasury secretary pick, await inflation data
▼ + stars: | 2024-11-25 | by ( Sawdah Bhaimiya | ) www.cnbc.com time to read: +2 min

U.S. Treasury yields were lower on Monday as investors weighed President-elect Donald Trump's Treasury secretary pick and eyed a key inflation reading due later in the week. Trump's choice of hedge fund executive Scott Bessent as Treasury secretary has calmed investors' nerves about the future of the U.S. economy. Bessent, the founder of Key Square Group, is expected to back the incoming president's economic goals including gradual tariffs and pro-business policies. However, as an old Wall Street hand and a fiscal conservative, investors believe Bessent will prioritize stability in the U.S. economy and markets. Also in focus this week are some key data points due ahead of a shortened trading week.

Persons: Donald Trump's, Scott Bessent, Kit Juckes, Trump, Bessent, Dow Jones Organizations: Treasury, U.S, Key Square, Societe Generale, CNBC, Federal, U.S . Federal Locations: U.S, U.S .

☆ Can Saudi Arabia keep pace with its ambitious mega-project spending spree?
▼ + stars: | 2024-11-25 | by ( Natasha Turak | ) www.cnbc.com time to read: +6 min

Digital render of NEOM's The Line project in Saudi Arabia The Line, NEOMIn Saudi Arabia's northwestern desert, a sprawling construction site replete with cranes and pile drivers sits encircled by a recently-built road. The changes come as the Saudi deficit grows and the outlook for oil demand, along with global oil prices, sees sustained lows. Construction for The Line project in Saudi Arabia's NEOM, October 2024 Giles Pendleton, The Line at NEOMThat begs the question: does Saudi Arabia have enough money to meet its lofty goals? Saudi Arabia has poured tens of billions into projects that have yet to hint of any financial returns." Saudi Arabia has an A/A-1 credit rating with a positive outlook from S&P Global Ratings and an A+ rating with a stable outlook from Fitch.

Persons: Prince Mohammed bin Salman, Saudi Arabia's NEOM, Giles Pendleton, Andrew Leber, Leber, Mohammed Al, Jadaan Organizations: Saudi, Public Investment Fund, CNBC, Tulane University, Saudi Finance, Fitch, —, P Global, Al Locations: Saudi Arabia, NEOM, Saudi, Neom, Saudi Arabia's, Riyadh

☆ It will be a high stakes Black Friday. These are the retail stocks you want to own this holiday season
▼ + stars: | 2024-11-25 | by ( Christina Cheddar Berk | In | ) www.cnbc.com time to read: +7 min

Every four years, the holiday season is a little more challenging for retailers as consumers get distracted by the selection of the next U.S. president. Citigroup analyst Paul Lejuez expects consumers will spend an average of 13% more this holiday season based on the findings of the bank's consumer survey. "Consumer wallets remain constrained, macro/geopolitical uncertainty persists and the shorter holiday season (five fewer days and Christmas on a Wednesday)," will weigh on spending, analyst Christopher Horvers said. TGT 3M mountain Target shares over the past three months. Sensormatic Solutions, which tracks foot traffic at stores, is predicting that Black Friday will be the busiest shopping day this holiday season, but also expects a lot of last-minute shopping this year.

Persons: Paul Lejuez, Lejuez, Christopher Horvers, Horvers, Circana, they'll, Marshal Cohen, Cohen, Morgan Stanley, Alex Straton, it's, Straton Organizations: Citigroup, National Retail Federation, Target, Dick's Sporting Goods, Academy Sports, Walmart, Circana, Black, Morgan, Nike, Depot, Home Depot Locations: Minneapolis

☆ Mitch McConnell Is Ready to Pick His Own Fights After Senate Leadership
▼ + stars: | 2024-11-25 | by ( Catie Edmondson | ) www.nytimes.com time to read: +1 min

The last time President Donald J. Trump was in the White House, Senator Mitch McConnell, the Kentucky Republican who was then the majority leader, played a crucial role in empowering him and pushing through his agenda. But Mr. McConnell, the longest-serving Senate leader, is stepping down from that post in January. This time he appears to be positioning himself to do the opposite, choosing to focus on issues that could put him at odds with Mr. Trump on policy and personnel at the dawn of his second term. In recent days, including during a late-night session of votes on the Senate floor last week, Mr. McConnell, 82, has told colleagues that his impending exit from leadership has left him feeling “liberated.”He has signaled skepticism about some of the president-elect’s most divisive picks for his administration, staying mum on their selections and saying last week that the withdrawal of former Representative Matt Gaetz from consideration as attorney general was “appropriate.” And Mr. McConnell has telegraphed that as he moves to cement his legacy in his remaining time in the Senate, he plans to prioritize two issues that just happen to be subjects on which he disagrees strongly with Mr. Trump.

Persons: Donald J, Trump, Mitch McConnell, McConnell, “, Matt Gaetz Organizations: Kentucky Republican, Senate

☆ Gold drops over 1% on profit-booking, Trump's Treasury Secretary pick
▼ + stars: | 2024-11-25 | by ( ) www.cnbc.com time to read: +2 min

Gold bar bullions ingot, selective focus, crisis safe haven for investment or reserve for country economics. Gold prices dropped over 1% on Monday, weighed down by profit-taking after a five-session rally, with further pressure from the announcement of fund manager Scott Bessent as the next U.S. Treasury Secretary. Spot gold fell 1.52% to $2,671.29 per ounce as of 0501 GMT, while U.S. gold futures shed 1.5% to $2,672.90. Gold's five-day rally pauses due to some profit-taking and Trump's pick of Scott Bessent as U.S. Treasury Secretary, hinting at tempered use of tariffs and easing U.S.-China trade uncertainty, said IG market strategist Yeap Jun Rong. Less dovish U.S. policy signals and potential inflation surprises could support a December rate hold, slowing rate cut prospects can be seen weighing on gold prices, Rong said.

Persons: Scott Bessent, Yeap Jun Rong, Donald Trump, Rong Organizations: Treasury, Federal, Traders Locations: China, U.S, Israel, Beirut, Tel Aviv

☆ The ‘Rocket Docket’ Judge Who Will Decide the Fate of Google’s Ad Technology
▼ + stars: | 2024-11-25 | by ( David Mccabe | Nico Grant | ) www.nytimes.com time to read: +1 min

The trial lasted just three weeks. In contrast, a landmark antitrust trial last year over Google’s search dominance took 10 weeks. Another antitrust trial over Google’s app store policies, a case brought by Epic Games, ran for a month. The Microsoft antitrust trial in the late 1990s lasted more than eight months. Now Judge Brinkema, 80, is moving the Google ad tech case to its next phase in the federal court where she works, which is known as a “rocket docket.” On Monday, she heard closing statements from the Justice Department and a group of states, which brought the ad technology case, and from Google’s lawyers.

Persons: ”, Leonie M, “ Let’s, Judge Brinkema, Brinkema Organizations: U.S, of, Epic Games, Microsoft, Google, Justice Department Locations: Virginia, Eastern, of Virginia

On the first trading day since Donald Trump chose the billionaire financier Scott Bessent as his pick for Treasury secretary, investors seem to be signaling they like the choice. Bessent does,” Paul Donovan, chief economist of UBS Global Wealth Management, wrote in a research note on Monday. The Key Square Group founder overcame serious opposition from some in Trump’s inner circle. On Wall Street, a document was circulated suggesting that his Key Square hedge fund had underperformed the booming markets. Bessent’s ascent is notable in that he doesn’t appear to have been on Trump’s radar during his first administration.

Persons: Donald Trump, Scott Bessent, ” Paul Donovan, Elon Musk, Howard Lutnick, Cantor Fitzgerald, Trump, Lutnick, Bessent, Mark Rowan Organizations: “, UBS Global Wealth Management, Key Square, Commerce Department, Apollo Global Management

☆ Trump's trade plan could mean higher prices, and avoiding the impact won't be simple
▼ + stars: | 2024-11-25 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, Trump's trade plans could spell trouble for prices, and preparing for it isn't so easy . AdvertisementThe prevailing theory among many economists is Trump's plan will increase prices and inflation as companies pass the cost of the taxes down to their customers. He told BI he views them more as a negotiation tactic with China and American companies with operations there. Still, some experts told BI they foresee obstacles to making it a reality . Sector experts told BI the massive chipmaker will continue to make its most advanced tech in Taiwan .

Persons: Drew Angerer, Tyler Le, Donald Trump's, Emily Stewart, We're, Philip Daniele didn't sugarcoat, John David Rainey, There's, Dominick Reuter, Emily, Trump, Nobel, Simon Johnson, Brian Cornell, Natalie Ammari Baby boomers, Scott Bessent, George Soros, Bluesky, Rose Wang, It's, Chelsea Jia Feng, Taylor Swift, they'll, crosshairs, Elon Musk, Vivek Ramaswamy's, Biden, Alex Jones, Menendez, Dan DeFrancesco, Grace Lett, Lisa Ryan, Ella Hopkins, Amanda Yen, Jack Sommers, Milan Sehmbi Organizations: Business, Getty, Walmart, Electronics, Target, Social Security, Treasury, Trump, Nvidia, White, Los Locations: China, Phoenix, Taiwan, Florida, Washington, Los Angeles, New York, Chicago, London

☆ Saquon Barkley’s career night propels Eagles past Rams: Key takeaways
▼ + stars: | 2024-11-25 | by ( The Athletic Nfl Staff | ) www.nytimes.com time to read: +7 min

SAQUON BARKLEY IS UNREAL 💥 This run gives him 255 rushing yards, surpassing his previous single-game rushing high of 189 yards. Barkley’s 70-yard touchdown run on the first play of the second half gave the Eagles a two-score lead the Rams never overcame. His 72-yard touchdown run set the final score. @saquon | #FlyEaglesFly pic.twitter.com/0h0Whzyn49 — Philadelphia Eagles (@Eagles) November 25, 2024Too many mistakes, too much BarkleyIt’s tough for a team to climb out of a hole of its own making, and the Rams dug themselves deep on Sunday night. pic.twitter.com/aJHYbotT2J — Philadelphia Eagles (@Eagles) November 25, 2024Philadelphia’s success is overpowering mistakesSirianni is managing one of the hottest teams in the NFL.

Persons: Jourdan Rodrigue, Brooks Kubena, Zach Powell, Saquon Barkley, Barkley, SAQUON BARKLEY Organizations: Zach Powell Philadelphia Eagles, Los Angeles Rams, Rams, Sunday, Los Angeles, Eagles, OU Locations: Philadelphia, Los, 8 y

☆ Surge of Gang Violence in Haiti Leads U.N. Workers to Flee
▼ + stars: | 2024-11-25 | by ( Frances Robles | David C. Adams | ) www.nytimes.com time to read: 1 min

A United Nations helicopter has been buzzing nonstop for days over Haiti, as the U.N. starts to draw down its personnel in Port-au-Prince, evacuating 14 people at a time in chopper rides. Many embassies and international aid organizations — including Doctors Without Borders, which runs some of the few functioning hospitals in Port-au-Prince — are suspending operations in Haiti, where gangs have stormed into more parts of the capital, sowing panic among humanitarian groups. Port-au-Prince’s international airport remains closed to commercial traffic after gangs shot at U.S. airliners this month. Many Haitians are particularly alarmed and dismayed by the departure of personnel from the United Nations, the international agency people are relying on to help resolve a crippling gang crisis that has forced many civilians to flee their homes.

Persons: Prince — Organizations: United Nations Locations: Haiti, Port

☆ Analyst Dan Clifton breaks down why the stock market rallied the way it did after the election
▼ + stars: | 2024-11-25 | by ( Fred Imbert | ) www.cnbc.com time to read: +1 min

There's one key reason the U.S. stock market rallied after this month's presidential election, and it wasn't necessarily because of the outcome, according to Dan Clifton of Strategas. "What we saw was that the market was pricing in a 50-50 election. [Investors] didn't know who was going to win," Clifton, the firm's head of Washington policy research, told CNBC's Dominic Chu in this special Pro Talks discussion available to all readers. Instead, "we had it very clear … we knew [President-elect Donald Trump] was going to win," he said. (Pro subscribers can watch the full interview here .)

Persons: Dan Clifton, Clifton, CNBC's Dominic Chu, Donald Trump, Trump, gridlock — Organizations: CNBC, Republicans, Senate, CNBC Pro Locations: Strategas, Washington

☆ How Universities Cracked Down on Pro-Palestinian Activism
▼ + stars: | 2024-11-25 | by ( Isabelle Taft | ) www.nytimes.com time to read: +1 min

Colleges and universities have tightened rules around protests, locked campus gates and handed down stricter punishments after the disruptions of pro-Palestinian demonstrations and encampments last spring. Universities have seen just under 950 protest events this semester so far, compared to 3,000 last semester, according to a log at the Nonviolent Action Lab at Harvard University’s Ash Center. About 50 people have been arrested so far this school year at protests on higher education campuses, according to numbers gathered by The New York Times, compared to over 3,000 last semester. When students have protested this fall, administrators have often enforced — to the letter — new rules created in response to last spring’s unrest. The moves have created scenes that would have been hard to imagine previously, particularly at universities that once celebrated their history of student activism.

Organizations: Universities, Nonviolent, Harvard, Ash, The New York Times

☆ I typically spend $60 at Trader Joe's on weekly staples. I was shocked when I tried to take that budget to Whole Foods.
▼ + stars: | 2024-11-25 | by ( Fatima Khawaja | ) www.businessinsider.com time to read: 1 min

AdvertisementAs a private chef, I turn to Trader Joe's for all of my pantry staples, which cost me about $60. I wasn't able to get nearly as much at Whole Foods, so I'll stick to Trader Joe's. As a private chef, I get Whole Foods delivered for my clients a lot. Plus, there's a Trader Joe's just down the street from me, and I can get all our weekly staples for about $60. I decided to take my Trader Joe's budget to Whole Foods.

Persons: Joe's, I've Organizations: Foods

☆ Here's why our lone energy stock is falling despite a surge in natural gas prices
▼ + stars: | 2024-11-25 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. 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. Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street.

Persons: Jim Cramer, Donald Trump's, Scott Bessent, Bessent, it's, Stanley Black, Decker, Stanley, Trump's, We're, Trump, we're, we'll, JM Smucker, Jim Cramer's, Jim Organizations: CNBC, Stanley, EBW, Reuters, Biden, LNG, Coterra Energy, Abercrombie, Fitch, Burlington Stores, Dick's Sporting Goods, Jim Cramer's Charitable Locations: China, Israel, Kohl's

☆ 'We can overcome climate change': Richard Branson says young people should not be down about the future
▼ + stars: | 2024-11-25 | by ( Lucy Handley | In | ) www.cnbc.com time to read: +2 min

watch nowThe billionaire Virgin founder Sir Richard Branson said younger generations should feel positive about the future — and that they can "achieve an enormous amount." When asked how he might reassure young people about their future over issues such as climate change, Branson said, "They can achieve an enormous amount, and so I honestly don't think that young people should be down about it. I think we can overcome climate change if we have the … we've got to make sure we have the right politicians at the top," he said. "Our sweet spot is, we work with youth around the world," Rodgers said of the two organizations. Climate change, public health and criminal justice reforms will be a focus, according to an online release.

Persons: Sir Richard Branson, CNBC's Tania Bryer, Branson, we've, Donald Trump's, Trump, —, Nile Rodgers, Rodgers, Chic, Marc Grimwade Organizations: Virgin, CNBC, Branson, Advisory Center, Virgin Unite, Virgin Group, Foundation, Rodgers, Wireimage, Getty Locations: Paris, Adelaide, Australia

☆ Steel Maker ThyssenKrupp to Slash 11,000 Jobs in Germany
▼ + stars: | 2024-11-25 | by ( Melissa Eddy | More About Melissa Eddy | ) www.nytimes.com time to read: +1 min

ThyssenKrupp, the largest steel maker in Germany, said Monday that it would eliminate up to 11,000 jobs by 2030, a decision that comes as the country struggled to overcome economic weakness that has hindered growth for nearly two years. The overhaul is aimed at returning ThyssenKrupp to profitability in the face of pressure from Asian competitors and high energy prices. ThyssenKrupp was among those hurt by the tariffs Mr. Trump imposed on steel and aluminum during his first term in office. Another 6,000 jobs will be cut through the sale of business activities or turning to external providers, the company said without elaborating. “Urgent measures are required to improve ThyssenKrupp Steel’s own productivity and operating efficiency and to achieve a competitive cost level,” the company said in a statement.

Persons: Donald J, Trump, ThyssenKrupp Locations: Germany, United States

☆ Is Outlook down? Thousands of Microsoft 365 users report outage issues
▼ + stars: | 2024-11-25 | by ( ) www.cnbc.com time to read: +1 min

Thousands of Microsoft 365 customers worldwide reported having issues with services like Outlook and Teams on Monday. In social media posts and comments on platforms like outage tracker Downdetector, some impacted said that they were having trouble seeing their emails, loading calendars or opening other Microsoft 365 applications such as Powerpoint. Microsoft acknowledged "an issue impacting users attempting to access Exchange Online or functionality within Microsoft Teams calendar" earlier in the day. Still, the company's status page later added, targeted restarts were "progressing slower than anticipated for the majority of affected users." As of midday Monday, Downdetector showed thousands of outage reports from users of Microsoft 365, particularly Outlook.

Persons: Downdetector Organizations: Microsoft, Twitter

☆ Opinion | Don’t Let Donald Trump Drive You Into Internal Exile
▼ + stars: | 2024-11-25 | by ( Miriam Elder | ) www.nytimes.com time to read: +2 min

For months leading up to that moment, tens of thousands of Russians protested as Mr. Putin prepared to return to the Kremlin following four years in a shadow role as prime minister. The day before Mr. Putin was inaugurated in May, the police violently cracked down on a mass protest. When Mr. Putin drove through a Moscow cleared of any signs of life, and through the Kremlin gates, the protest movement was effectively dead. As this fact settled in, opposition-minded Russians flooded social media, recalling just how young they were when Mr. Putin first headed the state more than 12 years prior — some remembered their college days, others elementary school. The United States is not Russia, and Mr. Trump is not Mr. Putin.

Persons: Donald Trump’s, Vladimir Putin’s, Putin, Trump Organizations: Mr Locations: Moscow, United States, Russia

☆ Dollar slips with bond yields on Treasury nomination
▼ + stars: | 2024-11-25 | by ( ) www.cnbc.com time to read: +1 min

The dollar relinquished a little of its recent gains on Monday as the pick for U.S. Treasury secretary seemed to reassure the bond market and pulled yields lower, shaving some of the currency's rate advantage. Yields on 10-year Treasuries slipped to 4.351%, from 4.412% late Friday, as President-elect Donald Trump's choice of fund manager Scott Bessent was welcomed by the bond market as an old Wall Street hand and a fiscal conservative. However, Bessent has also been openly in favour of a strong dollar and has supported tariffs, suggesting any pullback in the currency might be fleeting. The index was last down 0.5% at 106.950, having hit a two-year peak of 108.090 on Friday. The dollar dipped 0.4% on the Japanese yen to 154.11, and further away from its recent peak of 156.76.

Persons: Treasuries, Donald Trump's, Scott Bessent, Bessent, Ray Attrill Organizations: U.S, Treasury, NAB

And comparable sales rose at both Bloomingdale’s and Bluemercury, the company’s luxury brands. Those results are early signs that Macy’s latest strategy of investing in these parts of the business may be working. Macy’s said it had found the accounting error while preparing its results for the quarter, which ended Nov. 2. An investigation was opened and the employee was no longer with the company, Macy’s said. In the same time period of the accounting issue in which the employee hid up to $154 million, the retailer said it had recorded about $4.36 billion of delivery expenses.

Persons: Macy’s Organizations: Target, National Retail Federation

☆ Rethinking the 4% rule in retirement
▼ + stars: | 2024-11-25 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +6 min

The most commonly recommended rule of thumb is the so-called 4% rule, which means you spend 4% of your portfolio every year, on an inflation-adjusted basis. When you die, your nest egg could be almost as large if not larger than it was on your first day of retirement. For example, Morningstar ran simulations on a $1 million portfolio over 30 years using the 4% rule. That’s because the rule is based on a very high probability that you never exhaust your nest egg. “It’s not just about getting employees to retirement but (helping them figure out) what to do once they’re in retirement,” Williams said.

Persons: you’d, William Bengen, Morningstar, ” Christine Benz, ”, Rob Williams, Charles Schwab, Williams, It’s, Mark Warshawsky, Warshawsky, Craig Copeland, “ It’s, ” Williams Organizations: CNN, Social Security, Social Security Administration, Social, American Enterprise Institute, American Council for, Research

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