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☆ Coinbase policy chief expects speedy approval of crypto laws following Trump's victory
▼ + stars: | 2024-12-02 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

Faryar Shirzad, chief policy officer at Coinbase, told CNBC he sees crypto legislation making its way through Congress "fairly quickly" after the Republican president-elect — who ran on a notoriously pro-crypto policy platform — enters the White House. "I think the combination should finally allow the 50 million Americans who own crypto to have their interests and voice heard in policy." Shirzad told CNBC he's "optimistic" the legislation will get passed, but noted there's only a "small" chance the crypto legislation is considered in the so-called "lame duck" post-election period. Crypto's lobbying powerTrump's election win marked a major victory for the crypto industry — but it also highlighted the power of the crypto lobbying machine. Meanwhile, the Coinbase-backed Stand With Crypto Alliance developed a grading system to determine how for or against crypto House and Senate candidates were.

Persons: Shirzad, John Lamparski, Donald Trump, Faryar Shirzad, —, doesn't, Gary Gensler, Trump, Gensler Organizations: Sheraton New York Times, Getty, Concordia Summit, CNBC, Republican, Republican Party, U.K, Innovation, Technology, Century, Crypto Alliance, U.S . Securities, Exchange, SEC Locations: New York City, United States, U.S

☆ Zelenskyy said Ukraine could join NATO without Article 5 applying to its occupied territory
▼ + stars: | 2024-12-02 | by ( Matthew Loh | ) www.businessinsider.com time to read: +5 min

AdvertisementVolodymyr Zelenskyy has been pushing this week for NATO to invite Ukraine to join its alliance. He said on Sunday that NATO's self-defense pact wouldn't have to apply to Ukraine's occupied territory. Ukrainian President Volodymyr Zelenskyy said on Sunday that his country could join NATO without the alliance's collective self-defense agreement applying to its territory occupied by Russia. Related Video Zelenskyy calls out Russian 'genocide' in Ukraine, demands action at UNSpeaking at a press conference in Kyiv, Zelenskyy said that any invitation for Ukraine to join NATO still has to recognize all of its territory as Ukrainian, including areas occupied by Russia. There would be no obligation for the rest, which is the Ukrainian territory seized by Russia in the east.

Persons: Volodymyr Zelenskyy, Zelenskyy, Vladimir Putin, Donald Trump, Trump, —, Putin, they're Organizations: NATO, UN, Sky News, Ukraine Locations: Ukraine, Russia, Moscow, Kyiv, Kharkiv, Ukrainian, Germany, Slovakia, Hungary, Canada, Turkey

☆ CNBC Daily Open: The stock market had a November to remember
▼ + stars: | 2024-12-02 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. China's CSI 300 added around 0.7% after data showed growing factory activity in the country. GQG told CNBC that over 90% of client assets are invested in issuers unrelated to Adani. [PRO] Eyes on November's jobs reportThis week's major piece of data is November's jobs report, out Friday.

Persons: Stocks, Adani, GQG, Musk, Elon Musk, OpenAI, It'll Organizations: New York Stock Exchange, CNBC, Dow Jones, CSI, P Global, PMI, GQG Partners, UBS, OpenAI, Elon, U.S . Federal Locations: Asia, Pacific, China, GQG, U.S .

☆ 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

☆ SET President on Thailand's IPO scene
▼ + 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 EmailSET President on Thailand's IPO sceneAsadej Kongsiri, President of the Stock Exchange of Thailand, discusses the various upcoming listings on the bourse in a CNBC exclusive.

Persons: Asadej Kongsiri Organizations: Stock Exchange of, bourse, CNBC Locations: Stock Exchange of Thailand

☆ AI chat bots help people find deals during holiday shopping season, says BofA's Justin Post
▼ + 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 EmailAI chat bots help people find deals during holiday shopping season, says BofA's Justin PostJustin Post, Bank of America internet analyst, joins CNBC's 'The Exchange' to discuss the rise in shopping chat bots, how the features are helping drive traffic to retailers, and more.

Persons: BofA's Justin, Justin Organizations: Justin Post, Bank of America

☆ Meritage Homes CEO: We fill a void in housing market with move-in ready homes
▼ + 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 EmailMeritage Homes CEO: We fill a void in housing market with move-in ready homesPhillippe Lord, Meritage Homes CEO, joins CNBC's 'The Exchange' to discuss what to expect in the upcoming year for home building.

Persons: Phillippe Lord Organizations: Meritage, Meritage Homes

☆ The Untold Story of Yeti Coolers and a Murder in the Philippines
▼ + stars: | 2024-12-01 | by ( Brendan Borrell | ) www.businessinsider.com time to read: +31 min

"He was a terrific designer, but hopeless in business," says Malcolm, Ivan's younger brother. Years after Ivan's murder, Yeti continues to contract with Outback — and Gloria travels to Texas to periodically to meet with Yeti's management. To make the most of their dwindling inventory, Roy and Ryan bumped up the price on their coolers. "As tragic as Ivan's death was, all of a sudden we are a much stronger company," Roy explained on a hunting podcast. Yeti Coolers went public in October 2018, and Roy and Ryan earned hundreds of millions of dollars after selling most of their shares.

Persons: Stout, Roy, Ryan Seiders, Ryan, didn't, — Ivan Royal Brown, Ivan, Gloria, Roger —, —, Roger, Jay McBride, Roy Seiders, Anuj Shrestha, Flip, Tek, Ivan Brown, Malcolm, Suzanne Handley, Clare, Ivan's, Suzanne, Tom Cat, hangouts, Malcolm isn't, Bryan Hammer, Hammer, Gloria's, GLORIA, BROWN, Malcolm's, Roy hustled, Serra, Malcolm Brown, Alvin Salas, Salas —, Pierre Bucsit, Romeo Amarillo, Prosecutors, Salas, it's, Ivan didn't, Nathaniel Colobong, Colobong, Terry Tate, they've, Brendan Borrell Organizations: Willys Jeep, Star, Five, Country, Texans, Flex, Texas, Waterloo, ESPN, Texas Tech, Rover, Workers, Foreigners, Philippines Securities, Exchange Commission, Cruiser, Honda, Northern Philippine Times, Ray's, Outback, BI Locations: America, Philippines, Austin , Texas, Roy, Australian, Texas, Driftwood, Austin, Australia, Thailand, Bangkok, Manilla, Angeles City, Queensland, Brisbane, Clark Freeport, City, American, Lodge, Philippine, Patagonia, Yeti's, Los Angeles

☆ The hurricanes have passed, but anxiety lingers. 3 Florida homeowners shared what keeps them up at night.
▼ + stars: | 2024-12-01 | by ( Dan Latu | ) www.businessinsider.com time to read: +7 min

One resident is afraid of residents abandoning homes after storms if they can't pay to be fixed. AdvertisementHurricanes Helene and Milton have exacerbated concerns about the future of property values and the cost of homeownership in Florida. Three Florida homeowners shared their concerns about the cost of rebuilding after hurricane damage, their home values, and the storms' impact on seasonal residents who are key drivers of the state economy. Hurricane Milton flooded this Florida neighborhood's streets. A coastal resident worries about his home valuePresident Biden listens to remarks from the St. Pete Beach, Florida mayor following Hurricane Milton.

Persons: Helene, Hurricanes Milton, Milton, Kyle Ulrich, Jon, Lyn Drake, Hurricane Milton, it's, Biden, Pete, John Adams, Hurricane Helene, Adams, Adam, snowbirds, Emily White, White, Will, Michael Warren Organizations: Sunshine State, Hurricanes, Intercontinental Exchange, Florida Association of Insurance, Associated, St, Hurricane Milton, Anadolu, Getty, Florida Water Management, FEMA, Associated Press Locations: Milton, Ft . Lauderdale, Miami, West Palm Beach, Jacksonville, Tampa . In Tampa, Florida, Cape, Yankeetown , Florida, Tampa, Gulf of Mexico, Hurricane, Pete Beach , Florida, Anadolu, Yankeetown, Inglis, Ocala, Gulf, Mexico, Ocala , Florida, Arizona

☆ Stock futures are little changed after Dow and S&P 500 notch best months of the year: Live updates
▼ + stars: | 2024-12-01 | by ( Alex Harring | ) www.cnbc.com time to read: +1 min

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 29, 2024. Stock futures are little changed Sunday night as investors looked toward the final month of trading this year. Futures tied to the Dow Jones Industrial Average slipped 47 points, or 0.1%. S&P 500 futures and Nasdaq 100 futures ticked down 0.1% and 0.2%, respectively. Indeed, November marked the best month of 2024 for both the Dow and S&P 500.

Persons: Donald Trump, Russell, They'll, Christopher Waller, John Williams Organizations: New York Stock Exchange, Stock, Dow Jones, Nasdaq, Dow, Federal Reserve, New York Fed Locations: New York City, U.S

☆ Here’s why Americans traveling to Europe may find bargains in 2025
▼ + stars: | 2024-11-30 | by ( Greg Iacurci | ) www.nbcnews.com time to read: +5 min

Americans traveling to Europe next year may be in store for some bargains. “That’s a good thing for American tourists traveling abroad in Europe,” said Brendan McKenna, an international economist at Wells Fargo Economics. Now, euro parity is “back on the cards,” James Reilly, senior markets economist at Capital Economics, wrote in a research note Nov. 11. For one, the U.S. economy has “held up a lot better than anyone has been expecting” over the past year or two, in stark contrast with Europe, Reilly said. Of course, there’s a risk Europe retaliates with its own tariffs or somehow penalizes Americans by raising certain consumer prices, such as airfares, Reilly said.

Persons: “, ”, Brendan McKenna, Donald, ” James Reilly, Reilly, it’s, Trump, ” Reilly, McKenna, Wells Organizations: U.S ., U.S, Wells, Wells Fargo Economics, European Union, Capital Economics, ICE, CNBC, Travelers, U.S . Federal, European Central Bank, ECB, Treasury Locations: Europe, Wells Fargo, Austria, Belgium, Croatia, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia, Spain, China, Canada, Mexico, U.S, Trump

That question is what New York Giants fans has been asking themselves since Barkley for their division rival in March. Are Barkley, Henry, Mixon and Jacobs the start of something new, or are they outliers? It’s not a shock that teams historically prefer to move on after a rookie deal. But with many other needs, they chose not to pay their star and allowed him to become a free agent. After eight seasons in Tennessee, Henry, 30, signed a two-year, $16 million deal to join Lamar Jackson and Co.

Persons: Jared Verse, lunged, Saquon Barkley, Barkley, “ I’ve, Eric Dickerson, Derrick Henry, Joe Mixon, Green, Josh Jacobs, shouldn't, Henry, Mixon, Jacobs, Tristan Cockcroft, ”, “, Joe Schoen, John Mara, ” Mara, “ Daniel, Jones, ” Schoen, Schoen, he’s, Saquon, ” Barkley, Devin Singletary, Tyron Tracy, Baltimore’s Henry, Lamar Jackson, ” Mixon, I’m, —, he’s “, ‘, ’ ”, “ It’s Organizations: Los Angeles Rams, Philadelphia Eagles, Philadelphia, Eagles, New York Giants, NFL, Baltimore Ravens, PPR, Giants, Packers, Las Vegas Raiders, San Francisco 49ers, Cincinnati Bengals, Texans, NBC Sports Locations: York, Philadelphia, Tennessee

☆ How GE Vernova plans to deploy small nuclear reactors across the developed world
▼ + stars: | 2024-11-30 | by ( Spencer Kimball | ) www.cnbc.com time to read: +5 min

GE Vernova is aiming to deploy small nuclear reactors across the developed world over the next decade, staking out a leadership position in a budding technology that could play a central role in meeting surging electricity demand and reducing carbon dioxide emissions. GE Vernova is the spinoff of General Electric's former energy business. The U.S. government wants to triple nuclear power by 2050 to shore up an electric grid that is under growing pressure from surging power demand. GE Vernova is targeting more than $2 billion in annual revenue from its small reactor business by the mid-2030s. GE Vernova won the first commercial contract in North America to deploy a small modular reactor for Ontario Power in January 2023.

Persons: Nicole Holmes, Holmes, Kenneth Parks, GE Vernova Organizations: GE, GE Hitachi, GE Vernova, New York Stock Exchange, CNBC, GE Vernova's SMR, U.S, Bank of America, America, Ontario Power, Tennessee Valley Authority, Energy, Toronto . Ontario Power Locations: Cambridge, U.S, Canada, United Kingdom, Europe, Poland, North America, Darlington, Lake Ontario, Toronto

☆ New York Times: Pete Hegseth’s mother wrote him an email in 2018 accusing him of mistreating women
▼ + stars: | 2024-11-30 | by ( Kaanita Iyer | ) edition.cnn.com time to read: +4 min

CNN —The mother of Pete Hegseth, President-elect Donald Trump’s pick to lead the Department of Defense, sent an email to her son in 2018 that sharply criticized his treatment of women, The New York Times reported Friday. Penelope Hegseth told her son in the email that there are “many” women whom he has “abused in some way” and encouraged him to “get some help,” according to the email published by The Times. According to The Times’ report, Penelope Hegseth wrote, “I have no respect for any man that belittles, lies, cheats, sleeps around and uses women for his own power and ego. An attorney for Pete Hegseth declined to comment. Penelope Hegseth sent the email to her son on April 30, 2018, according to The Times’ report — around six months after the alleged assault.

Persons: Pete Hegseth, Donald Trump’s, Penelope Hegseth, “, ” Penelope Hegseth, Steven Cheung, Penelope Hegseth’s, ” Cheung, Hegseth, ”, Timothy Parlatore, Parlatore, Sen, Markwayne Mullin —, CNN’s Dana Bash, Pete, ” Mullin, Alayna, Kaitlan Collins, Casey Tolan, Scott Glover, Sara Murray Organizations: CNN, Department of Defense, The New York Times, The Times, Fox News, New York Times, Times, ” CNN, Trump, Senate Armed Services Committee Locations: Monterey , California

☆ Zelensky wants to ‘work directly’ with Trump on ending Ukraine’s war with Russia
▼ + stars: | 2024-11-30 | by ( Hanna Ziady | ) edition.cnn.com time to read: +4 min

CNN —Ukrainian President Volodymyr Zelensky says he wants to work “directly” with US President-elect Donald Trump and is open to his ideas, highlighting Kyiv’s eagerness to keep its most important ally onside as Russia intensifies its attacks. I want to work with him directly,” Zelensky said in an interview with Sky News released Friday, adding that he did not want people around Trump to “destroy” their communication. According to the US Department of State, the government has contributed $64.1 billion to Ukraine’s war effort since Russia launched its full-scale invasion in February 2022. Prior to winning the election, Trump repeatedly claimed that the Russia-Ukraine war would not have started if he had been president. He admitted that he was afraid Ukraine might lose the war, and particularly the independence of its people.

Persons: Volodymyr Zelensky, “, Donald Trump, ” Zelensky, ”, Zelensky, Andriy Yermak, Ukraine Keith Kellogg, Kellogg, Vladimir Putin, Trump, Putin, Maria Kostenko Organizations: CNN, Trump, Sky News, US Department of State, NATO Locations: Russia, Trump, United States, Ukraine, Kyiv, New York, Moscow

☆ Here's why Americans traveling to Europe may find bargains in 2025
▼ + stars: | 2024-11-30 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

The currency most recently hit parity with the dollar in 2022, for the first time in two decades, before rebounding. watch nowNow, euro parity is "back on the cards," James Reilly, senior markets economist at Capital Economics, wrote in a research note Nov. 11. Tariffs, interest rates and a strong economyTariffs and trade policy are major factors influencing euro-USD currency dynamics, economists said. James Reilly senior markets economist at Capital EconomicsTariffs on Europe could reduce demand for its exports, causing Europe's economy to weaken and the euro to lose value, economists said. Interest-rate differentials also have a large influence on relative currency movements, economists said.

Persons: Oscar Wong, James Reilly, Reilly, it's, Trump, McKenna, Wells Organizations: U.S ., European Union, Capital Economics, ICE, CNBC, Travelers, U.S, U.S . Federal, European Central Bank, ECB, Treasury Locations: Austria, Belgium, Croatia, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia, Spain, China, Canada, Mexico, Europe, Wells Fargo, U.S, Trump

☆ Trump Names Charles Kushner as Pick for Ambassador to France
▼ + stars: | 2024-11-30 | by ( Zach Montague | More About Zach Montague | ) www.nytimes.com time to read: +1 min

President-elect Donald J. Trump announced on Saturday that he would name Charles Kushner, the wealthy real estate executive and father of his son-in-law, Jared Kushner, to serve as ambassador to France, handing one of his earliest and most high-profile ambassador appointments to a close family associate. Mr. Kushner received a pardon from Mr. Trump in the final days of his first term for a variety of violations and then emerged as a major donor to Mr. Trump’s 2024 campaign. “I am pleased to nominate Charles Kushner, of New Jersey, to serve as the U.S. Ambassador to France,” Mr. Trump wrote in a social media post announcing his choice. As part of the plea, Mr. Kushner admitted to hiring a prostitute to seduce his brother-in-law, a witness in a federal campaign finance investigation, and sending a videotape of the encounter to his sister.

Persons: Donald J, Trump, Charles Kushner, Jared Kushner, Kushner, Trump’s, “, ” Mr, Mr Organizations: U.S, Federal, Commission Locations: France, New Jersey

☆ ‘Small caps are going to become more in favor in 2025:’ VettaFi’s research head doubles down on winning group
▼ + stars: | 2024-11-30 | by ( Krysta Escobar | ) www.cnbc.com time to read: +1 min

Small caps just had their first historic week in three years, and one exchange-traded fund expert predicts the group's record highs will help drive investors back into the group. "Small caps are going to become more in favor in 2025," VettaFi's Todd Rosenbluth said on CNBC's "ETF Edge" this week. Rosenbluth, the firm's head of research, expects ETF funds specializing in small caps to reap the benefits of investors looking to broaden out their market exposure. Rosenbluth cited the iShares Core S&P Small-Cap ETF and the VictoryShares Small Cap Free Cash Flow ETF as potential ways to play strength in small caps. The Core S&P Small-Cap ETF is up 11% in November while the VictoryShares' fund is up almost 8%.

Persons: VettaFi's Todd Rosenbluth, Russell, Rosenbluth Organizations: Apple, Microsoft, Nvidia, Meta

☆ Trump threatens 100% tariff on the BRIC bloc of nations if they act to undermine U.S. dollar
▼ + stars: | 2024-11-30 | by ( ) www.cnbc.com time to read: +3 min

President-elect Donald Trump on Saturday threatened 100% tariffs against a bloc of nine nations if they act to undermine the U.S. dollar. At a summit of BRIC nations in October, Russian President Vladimir Putin accused the U.S. of "weaponizing" the dollar and described it as a "big mistake." Trump said there is "no chance" BRIC will replace the U.S. dollar in global trade and any country that tries to make that happen "should wave goodbye to America." Research shows that the U.S. dollar's role as the primary global reserve currency is not threatened in the near future. Canadian Prime Minister Justin Trudeau returned home Saturday after meeting Trump, without assurances the president-elect will back away from threatened tariffs on Canada.

Persons: Donald Trump, Vladimir Putin, Putin, Trump, Claudia Sheinbaum, Justin Trudeau Organizations: U.S ., United, IMF, Trump, U.S, Research, An Atlantic Council, Canadian Locations: Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, United Arab Emirates, Turkey, Azerbaijan, Malaysia, Russian, Moscow, America, Mexico, Canada, United States

☆ New stock exchange aiming to offer 23-hour trading set to launch in 2025
▼ + stars: | 2024-11-29 | by ( Jesse Pound | ) www.nbcnews.com time to read: +1 min

A new stock exchange launching next year is on track to offer nearly round-the-clock trading on business days, pending final regulatory approvals, 24 Exchange announced late Wednesday. The 24X National Exchange will debut in the second half of 2025, with trading from 4:00 a.m. ET on Friday, with a one-hour pause each day, once the exchange clears some final hurdles with the U.S. Securities and Exchange Commission. The arrival of 24X is part of a broader push toward a wider window of time for stock trading. Certain brokerage firms, including Robinhood Markets and Interactive Brokers, already offer extended trading on certain securities to their clients.

Persons: Dmitri Galinov, 24X Organizations: Exchange, 24X, U.S . Securities, Exchange Commission, Robinhood, Interactive, “, ” Locations: Stamford , Connecticut, Asia

☆ In new bitcoin bull market, it's time to beware of the same old crypto scams
▼ + stars: | 2024-11-29 | by ( Cheryl Winokur Munk | ) www.cnbc.com time to read: +8 min

The issue is compounded by the fact that legitimate strategies to make money with bitcoin are being discussed publicly by reputable sources. That, coupled with the technological advances of AI, makes scams seem more real, even for more sophisticated investors, industry professionals said. Coinbase is seeing several scams in which cyber thieves send a text claiming a crypto owner's account has been compromised. How families get defraudedThere's the adage, "If it sounds too good to be true, it probably is," but when it comes to crypto scams, people still take the bait. Another red flag is if an organization asking for money claims crypto is the only payment option, Velasquez said.

Persons: Eva Velasquez, Elon Musk, Merrick Theobald, Trump, Coinbase, scammers, Jeff Lunglhofer, Theobald, Howard Greenberg, Greenberg, you've, Yaya Fanusie, Fanusie, Velasquez Organizations: Theft Resource, Federal Bureau of, Investors, Engadget, Government, Cryptocurrency Association, Crypto, Innovation, LinkedIn, SEC Locations: Liechtenstein, cryptocurrency

☆ Stocks making the biggest moves premarket: MicroStrategy, Applied Materials, Robinhood and more
▼ + stars: | 2024-11-29 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

The stock has seen massive gains this year, surging more than 515%. Chip equipment stocks — Shares of chip equipment stocks moved higher on a report that the Biden administration is considering more restrictions on sales of semiconductor equipment and artificial intelligence memory chips to China that may be less strict than expected. Walmart , the country's largest retailer, rose more than 0.2%, while shares of Target and Costco , advanced 0.6% and 0.3%, respectively. Robinhood — The brokerage firm climbed 3% premarket, continuing a postelection rally, after the U.S. Securities and Exchange Commission approved the creation of a 24-hour stock exchange by startup 24 Exchange, paving the way for round-the-clock trading. Zeta Global Holdings — The marketing software company rose 5% after its CEO said Wednesday on CNBC's "Closing Bell" that a recent short seller's report was "erroneous."

Persons: Biden, Robinhood, —, Jesse Pound, Yun Li Organizations: Lam Research, KLA Corporation, ASML, Bloomberg, Walmart, Target, Costco, U.S . Securities, Exchange Commission, Trump, Zeta Global Holdings Locations: China

☆ China is on edge after Trump's talk of tariffs
▼ + stars: | 2024-11-29 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

AdvertisementOn Monday, Donald Trump threatened more tariffs on China, blaming Beijing for fentanyl. China criticized Trump's tariff threats, calling them ineffective and unjustified. "The excuse the president-elect has given to justify his threat of additional tariffs on imports from China is farfetched," wrote China Daily in a Tuesday editorial. AdvertisementMarkets are muted as investors wait and seeGlobal markets were jolted following Trump's post on Truth Social on Monday, but the effects have been felt mostly in foreign exchange. Global firms and Chinese manufacturers have already been diversifying their operations to manage concentration risks following Trump's first term and the COVID-19 pandemic.

Persons: Donald Trump, Trump, he'd, George Saravelos, Goldman Sachs, Wu Zhiqiang, Young Liu, Al Jazeera Organizations: Global, Deutsche Bank, Shenzhen Lingke Technology, Nikkei Asia, Apple, Macquarie Locations: China, Beijing, United States, Shenzhen, Thailand, India, Vietnam, Taipei, Al, Southeast Asia, Africa, China's

☆ FTX scammer Caroline Ellison has already had nearly 4 months shaved from her scheduled release from prison
▼ + stars: | 2024-11-29 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +4 min

AdvertisementCaroline Ellison appears to have had her scheduled prison release date moved up. And it appears that Ellison — the ex-girlfriend of Bankman-Fried, the FTX and Alameda Research founder — has already had her release date moved up. Federal Bureau of Prisons records viewed by Business Insider this week show Ellison's prison release date as scheduled for July 20, 2026 — which is more than three months short of two years. But you're not inviolable," Kaplan told Ellison at the time. "On some level, my brain doesn't even comprehend all the people I harmed," Ellison told the court.

Persons: Caroline Ellison, Sam Bankman, Ellison —, —, Ellison, Lewis Kaplan, couldn't, scot, Kaplan, Fried, Bankman, Sean, Diddy, Combs Organizations: Alameda Research, Correctional Institution, Federal Bureau of Prisons, Business, of Prisons, Metropolitan Detention Locations: Danbury, Connecticut, Bankman, Brooklyn

☆ Canadian news companies challenge OpenAI over alleged copyright breaches
▼ + stars: | 2024-11-29 | by ( ) www.cnbc.com time to read: +2 min

Five Canadian news media companies filed a legal action on Friday against ChatGPT owner OpenAI, accusing the artificial-intelligence company of regularly breaching copyright and online terms of use. OpenAI using other companies' journalism for their own commercial gain is not. In an 84-page statement of claim filed in Ontario's superior court of justice, the five Canadian companies demanded damages from OpenAI and a permanent injunction preventing it from using their material without consent. "The News Media Companies have never received from OpenAI any form of consideration, including payment, in exchange for OpenAI's use of their Works." The Canadian news companies' document did not mention Microsoft.

Persons: OpenAI, brazenly, Elon Musk Organizations: Microsoft, The Globe, Canadian Press, CBC, Radio, New, News Media Companies Locations: The, New York, Canadian

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