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☆ South Korea's inflation climbs in November, but misses expectations
▼ + stars: | 2024-12-03 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

South Korea's inflation rate climbed in November to 1.5% year on year, from a 45-month low in October, as the country grapples with a weakening Korean won and slowing exports. Last Thursday, South Korea's central bank unexpectedly cut rates by 25 basis points to 3%, marking the first time that the Bank of Korea had enacted two back-to-back cuts since 2009. South Korea narrowly avoided a technical recession in the third quarter, with GDP growing 0.1% quarter on quarter, according to the bank's advance estimates, following a contraction of 0.2% in the second quarter. South Korea's currency has weakened against the greenback over October and November, hitting a two-year high of 1,411.31 as tariff fears from the incoming Trump administration take hold. Data from the World Integrated Trade Solution platform — set up by the World Bank — lists the U.S. as South Korea's second largest trade partner.

Persons: BOK Organizations: Reuters, Bank of, Trump, World, World Bank Locations: Seoul, Korean, Bank of Korea, Korea

☆ 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

☆ 24-year-old 'Moana' star Auli'i Cravalho got her family off food stamps and bought mom a house with Disney paycheck
▼ + stars: | 2024-12-03 | by ( Nicolas Vega | ) www.cnbc.com time to read: +3 min

When Auli'i Cravalho was cast in Disney's "Moana," the teen and her mom were living on food stamps. "I slept in the bedroom, my mom slept on the couch," Cravalho, who was 14 when she was cast, explained. "My parents were like, 'Listen, if [Moana] doesn't go anywhere, you need to finish high school. After the movie became a success, Cravalho said she could sometimes "be a little s---" about doing her homework after a long day spent promoting the film. "She'd take money out of the house mortgage and lend me money," she said at the time.

Persons: Auli'i Cravalho, Cravalho, She's, Margot Robbie, I've, Chris Hemsworth, Michael B, Jordan Organizations: Hollywood, CNBC Locations: Moana, Hawaiian, Mililani

☆ My family spent $580 at a Michelin-starred steak house at the Four Seasons Orlando. Our meal wasn't even the best part.
▼ + stars: | 2024-12-03 | by ( Terri Peters | ) www.businessinsider.com time to read: +1 min

AdvertisementMy family ate at Capa, a Michelin-starred steak house at the Four Seasons Orlando in Disney World. Our $580 meal was incredible, and we'd definitely eat at the Spanish-inspired steak house again. Last summer, I spent a solo weekend at the Four Seasons Orlando, a luxury hotel on Disney World property. While there, I dined at Capa, a Michelin-starred steak house located in the expansive resort. It also earned Wine Spectator's Best of Award of Excellence, and is known for its Spanish-inspired food and steak-house experience.

Persons: ribeye, Capa Organizations: Capa, Michelin, Orlando, Disney, Wine Locations: Spanish

☆ YouTuber Mark Rober on the creator economy, subscriber growth and launching satellite into space
▼ + stars: | 2024-12-03 | 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 EmailYouTuber Mark Rober on the creator economy, subscriber growth and launching satellite into spaceMark Rober, CrunchLabs founder and former NASA and Apple engineer, joins 'Squawk Box' to discuss the state of the creator economy, subscriber growth on YouTube, shaping tomorrow's engineers today through CrunchLabs' science experiments, launching a satellite into space, and more.

Persons: Rober, Mark Rober Organizations: NASA, Apple

☆ Jefferies upgrades Kroger, says grocery store chain has upside even if Albertsons deal falls through
▼ + stars: | 2024-12-03 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Kroger still has upside even if its deal to acquire Albertsons doesn't go through, according to Jefferies. The firm upgraded the grocery store chain to buy from neutral. The company initially announced plans to acquire peer grocery store chain Albertson's in 2022. But Jefferies analyst Rob Dickerson said food trends at Kroger stores have been improving recently and serve as one of the positive catalysts in a scenario where the Albertsons deal falls through completely. Analysts are somewhat split on the grocery store chain.

Persons: Kroger, Jefferies, Rob Dickerson, Dickerson Organizations: Albertsons, KR, Kroger, ACI

☆ Intel's next CEO needs to decide the fate of its chip fabs
▼ + stars: | 2024-12-03 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +5 min

As a longtime champion of the company's chip manufacturing efforts, he was reluctant to split it. Amid the broader CEO search, Intel also elevated executive Michelle Johnston Holthaus to CEO of Intel Products and the company's co-CEO. Intel has also outsourced some chip manufacturing to rival TSMC in recent years — which sends a negative signal to the market about its own fabs. AdvertisementIntel is getting CHIPS Act fundingOwnership of the fabs and CHIPS Act funding are highly intertwined. Still, the CHIPS Act remains key to Intel's future.

Persons: Intel's, they're, Pat Gelsinger, Michelle Johnston Holthaus, Analysts, Bernstein, TSMC, Dan Newman, Logan Purk, Edward Jones, Newman Organizations: US, Intel, Bloomberg, Intel Products, Nvidia, AMD, Foundry, Analysts

☆ I'm a mom of 5 and became a millionaire at 39. I drive a Honda Accord, order water when dining out, and don't pay for the kids' college.
▼ + stars: | 2024-12-03 | by ( Kelly Burch | ) www.businessinsider.com time to read: +5 min

She doesn't pay for her kids' college education, but has a plan to repay their student loans. Related storiesA trip to the DMV made me realize I can't always control my kid's expectationsMy kids range in age from 8 to 20. Still, I've taken a different approach with my kids, and we're not paying for their college up front. AdvertisementWe're leaving the kids money, but they have to give half awayWe regularly tell the kids that we're spending some of their inheritance now to have experiences with them, like those international trips. Still, we plan to leave the kids money when we die — with a caveat.

Persons: Julia Myers, didn't, We've, we're, We're, That's, I've, we'll Organizations: Honda, Nissan, aha

☆ Shoppers hunt for deals, but Dollar General and Dollar Tree aren't reaping the benefits
▼ + stars: | 2024-12-03 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +6 min

But that penny-pinching mentality hasn't been enough to lift sales for Dollar Tree and Dollar General . Dollar Tree is also exploring selling off Family Dollar, its more grocery-focused brand. Dollar General and Dollar Tree stores Getty ImagesPeter Keith, a retail analyst for Piper Sandler, said a challenging mix of factors hurt the retailers. Family Dollar, which Dollar Tree acquired in 2015 for nearly $9 billion, is found in more urban areas and sells more food and household staples. Dollar Tree has more than 16,000 stores, while Dollar General has nearly 20,000 locations across the U.S.

Persons: Jeff Owens, Rick Dreiling, Peter Keith, Piper Sandler, it's, Todd Vasos, Goldman Sachs, Vasos, Piper Sandler's Keith, Keith, John David Rainey, Joe's, Mike Creedon, Creedon Organizations: Walmart, Dollar, Target, Costco, Sam's, Aldi, — Locations: U.S, Bentonville, Arkansas

☆ Thieves steal van containing 2,500 pies from Michelin-starred chef
▼ + stars: | 2024-12-03 | by ( Jack Guy | ) edition.cnn.com time to read: +2 min

London CNN —Thieves in northern England might have bitten off more than they can chew after stealing a van carrying 2,500 pies, worth about £25,000 ($31,600). Michelin-starred chef Tommy Banks said on Monday that the pies were loaded and ready to be delivered to York Christmas Market when the van was stolen. “They probably didn’t bargain for the nearly ton of pies that is in the back of it (the van),” he added. If you are the thieves and read this I urge you to… drop the pies off somewhere. “Also I think you are a thieving piece of sh*t and I hope you don’t get any presents this Christmas,” added Banks.

Persons: Tommy Banks, “ We’ve, ”, Banks, “, they’ve, scammers Organizations: London CNN, Michelin, York, North Yorkshire Police Locations: England, Oldstead, London

☆ How Washington reacted to the Hunter Biden pardon: From the Politics Desk
▼ + stars: | 2024-12-02 | by ( The Politics Desk | ) www.nbcnews.com time to read: +8 min

In today's edition, our reporters go through President Joe Biden's pardon of his son — and the part that's particularly rankling fellow Democrats. Some Democrats bristle at Biden's pardon justificationBy Carol E. Lee, Sarah Fitzpatrick, Gary Grumbach and Dareh GregorianIt’s not just that President Joe Biden pardoned his son Hunter. The pardon comes after Biden repeatedly said he would not use his executive authority to pardon his son or commute his son’s sentence. “Does the Pardon given by Joe to Hunter include the J-6 Hostages, who have now been imprisoned for years? : White House press secretary Karine Jean-Pierre defended Biden’s decision to pardon his son, despite telling the press multiple times that the president had no such plans.

Persons: Joe Biden's, —, Mark Murray, Carol E, Lee, Sarah Fitzpatrick, Gary Grumbach, Joe Biden, Hunter, It’s, ”, Hunter Biden, “, Biden, Greg Stanton, Donald Trump, ” Stanton, Trump, Joe, ” Trump, David Weiss’s, Weiss, Harris, 🚨, Dru, ️ Organizations: NBC, White House, Capitol, Democratic, Democratic Party, Department of Justice, NBC News, Telemundo, CNBC, Trump, FDA Locations: Arizona, Stanton, California, Biden’s

SKIP AHEAD Best Cyber Monday 2024 deals | More Cyber Monday sales | How I picked the best Cyber Monday deals | Why trust NBC Select? 4.6-star average rating from 11,627 reviews on AmazonI use these wireless earbuds every day while running, commuting and taking calls. 4.5-star average rating from 10,189 reviews on AmazonUsing this kitchen gadget helps you speed up prep time while cooking. 4.6-star average rating from 142,945 reviews on AmazonThis water flosser cleans gums and removes plaque from teeth, similar to standard floss. Best Cyber Monday beauty deals4.5-star average rating from 81,836 reviews on AmazonDifferin is one of dermatologists’ favorite products for acne-prone skin.

Persons: who’s, I’ll, it’s, you’ll, Bissell, “, ”, Rebecca Rodriguez, I’ve, Jordan Bowman, Josh Rios, dermatologists, shea, It’s, Mili Godio, Rodriguez, Siri, Harry Rabinowitz, Lindsay Schneider, Lemon, Sichuan Chili Crisp, Peacock, Anker, Bean, Alo, Tommy John, Cole Haan, sitewide, Diggs, TikTok Organizations: NBC, Belk, Alexa, Hulu, Disney, Netflix, Apple Pay, Amazon, Proteins, Bluetooth, beechwood, Amazon Prime, Paramount, Amc, HBO, NBC News, Showtime, ESPN, GameStop, Nintendo, JBL, Asus, Logitech, Bala, Cruise, Wellness, Bath, Giftable Tech, Facebook, Twitter Locations: carabiner, Sichuan, Chaco

☆ Fed Governor Waller says he is 'leaning toward' a December rate cut, but worries about inflation
▼ + stars: | 2024-12-02 | by ( Jeff Cox | Jeff Cox Is A Finance Editor With Cnbc.Com Where He Covers All Aspects Of The Markets | Monitors Coverage Of The Financial Markets | ) www.nbcnews.com time to read: +2 min

Federal Reserve Governor Christopher Waller said Monday he is anticipating an interest rate cut in December but is concerned about recent trends on inflation that could change his mind. That would follow a half-point cut in September and a quarter-point reduction in November. “As of today, I am leaning toward continuing the work we have started in returning monetary policy to a more neutral setting,” Waller said. Waller said he will watch incoming employment and inflation data closely. Even with the slowing progress on inflation, Waller said broader economic health has him feeling like it will be appropriate to continue to ease monetary policy.

Persons: Christopher Waller, ” Waller, Waller, payrolls Organizations: Federal, Fed, “, Labor Statistics Locations: Washington

☆ How to be the best holiday party guest and host ever, according to etiquette experts
▼ + stars: | 2024-12-02 | by ( Adam Campbell-Schmitt For Food Network | ) edition.cnn.com time to read: +15 min

How To Be the Best Holiday Party Guest EverYour first interaction with your host is going to be with the invitation itself, whether that’s a formal card, an evite or just a text. “If you’re hosting a party and inviting people, it has to be something and has to match the invitation. You can’t say ‘dinner party’ and just have pizzas out of the box.”But as a host, trying to meet every guest’s dietary needs can feel overwhelming. “While it’s okay not to say goodbye to all party or event attendees, it’s important to say goodbye to the host,” Meier says. “If you’re the host, let your guests know how grateful you are for their company and how much those shared moments meant to you.

Persons: we’ve, Lizzie Post, ”, “, ’, it’s, it’s bothersome, Stephanie Lau, Myka Meier, ” Lisa Grotts, ” Lau, Grotts, ‘, ” Grotts, ” Meier, Post, “ Don’t, ” Stephanie Lau, who’s, ’ ”, Elaine Swann, Chloé Crane, Leroux, Crane, us, Lisa Grotts, Pope Francis, King, England, we’d, Almond, I’ve, ” “, ” Swann, ” Victoria Watters, don’t, Vivian Tu, they’re, ” Crane Organizations: Emily Post Institute, Food, ”, The Swann School of, Costco, Brands, Party, ’ Locations: punctuality

☆ Edible gifts to make for everyone on your list
▼ + stars: | 2024-12-02 | by ( Food Network Kitchen | ) edition.cnn.com time to read: +2 min

The two things that bring us the most joy during the holidays are baking festive cookies and treats—and giving gifts to the special people in our lives. Put a single-serving cake in a tiny cake box, or a whole cake in a large one, then tie it up with lush ribbons. Matt Armendariz/Food NetworkGet the RecipeBaklava TrufflesThese no-bake delights are so easy to make that even the kids can get involved. Matt Armendariz/Food NetworkGet the RecipeToasted Coconut MarshmallowsIna’s light-as-air marshmallows are adorned with crisp, sweet flakes of shredded coconut. Matt Armendariz/Food NetworkGet the Recipe

Persons: Matt Armendariz, Ray’s Organizations: Food Locations: Chile

☆ These scientists want to give patients medicines wrapped in silk
▼ + stars: | 2024-12-02 | by ( Rebecca Cairns | ) edition.cnn.com time to read: +9 min

Silk fibroin is a protein extracted from the cocoons of silkworms. Silk fibroin is more like a marathon runner, able to support long-term drug release,” adds Shuai. CNNSlow and steadyCurrently, EngineLife’s farm produces around 25-30 kilograms of silk cocoon annually, which can produce a million doses of medical-grade silk fibroin solution. EngineLife's first silk fibroin product, a CBD skin patch for insomnia, went on sale in Thailand earlier this year. Ratanavaraporn hopes to see silk fibroin used in many more drug delivery systems to help patients across Thailand and internationally — and with that, give Thai silk farmers another revenue stream.

Persons: Juthamas Ratanavaraporn, Chulalongkorn, ”, Ratanavaraporn, Yajun Shuai, CNN Shuai, Mingying Yang, Yang, Shuai, Chuanbin Mao, Mao, EngineLife, hydrogel, Juthamas Organizations: CNN, Chulalongkorn University, Thai FDA, Institute, Applied Bioresource Research, Zhejiang University, “, US Food and Drug Administration, Chinese University of Hong, FDA Locations: Thailand, Bangkok, Thai, China, Chinese University of Hong Kong

But on Monday a small group of scientists and cultural experts in New Zealand clustered around a near-perfectly preserved spade-toothed whale hoping to decode decades of mystery. The list of what scientists don’t know about spade-toothed whales is longer than what they do know. A rare spade-toothed whale washed ashore on New Zealand's south island in July. It’s thought that spade-toothed whales live in the vast Southern Pacific Ocean, home to some of the world’s deepest ocean trenches. Beaked whales are the ocean’s deepest divers for food, and the spade-toothed may rarely surface, adding to its mystery.

Persons: ”, Anton van Helden, Van Helden, they’ve, don’t, van Helden, Chile’s Robinson, Tumai Cassidy, Rūnanga, “, ” Cassidy, Joy Reidenberg Organizations: New Zealand Department of Conservation, Getty, Department of Conservation, Māori, Southern, Icahn School of Medicine Locations: New Zealand, —, New, AFP, Dunedin, Zealand, Māori , New, Ocean, Mount Sinai, New York

WASHINGTON — The Supreme Court on Monday will hear a dispute over the Food and Drug Administration's refusal to approve flavored e-cigarettes over public health concerns. The case puts the FDA's role in approving new tobacco products under the microscope at a time when e-cigarettes, or vapes, have flooded the market. Makers of flavored vapes have brought various cases around the country challenging FDA decisions. The FDA has repeatedly declined to approve flavored vapes, saying they might pose a health risk because they could encourage young people to use tobacco. Their lawyers argue that the FDA changed its standard for considering flavored vapes in the middle of the process without giving applicants adequate warning.

Persons: WASHINGTON —, Elizabeth Prelogar, Donald Trump, Trump, Robert F, Kennedy Jr Organizations: Food, FDA, Circuit, Appeals, Triton, Tobacco Control, of Health, Human Services Locations: New Orleans

I combed through discounts to find the best travel deals actually worth shopping. SKIP AHEAD Best Cyber Monday travel deals | More Cyber Monday travel sales | How I picked the best Cyber Monday travel deals | Why trust NBC Select? I worked with NBC Select editors to finalize the live list, which I’m frequently updating throughout Cyber Monday to reflect the most up-to-date prices. 4.7-star average rating from 6,149 reviews on AmazonAnother NBC Select Travel Award winner, these iOS Bluetooth trackers are great for both travel and everyday commutes. Best Cyber Monday travel salesHere are the best Cyber Monday travel sales to know about.

Persons: I’ve, I’ll, Airtags, Rebecca Rodriguez, Lo, It’s, They’re, Hannah Fuechtman, Zoe Malin, TikTok Organizations: NBC, Amazon, Apple, TSA, NBC Giftable Tech, Amazon NBC, Travel, Giftable Tech, Facebook, Twitter Locations: Europe

I combed through discounts to find the best Kohl’s Cyber Monday deals actually worth shopping. SKIP AHEAD Best Cyber Monday Kohl’s deals | More Cyber Monday Kohl’s sales | How I picked the best Cyber Monday Kohl’s deals | Why trust NBC Select? Best Cyber Monday Kohl’s dealsI found, vetted and wrote about every deal I recommend below. Best Cyber Monday Kohl’s salesHere are the best Cyber Monday Kohl’s sales to know about. Best Cyber Monday sales at other retailersHow I found the best Cyber Monday Kohl’s dealsAll of my recommendations above are based on NBC Select’s previous coverage and reporting.

Persons: I’ve, Kohl’s Dyson, you’ll, TikTok Organizations: NBC, Amazon, Amazon Alexa, Smart, Facebook, Twitter

I’ve been covering Black Friday and Cyber Monday deals as an editor at NBC Select for four years, and I spent weeks combing through discounts to find the best Cyber Monday deals under $50 actually worth shopping. SKIP AHEAD Best Cyber Monday deals under $50 | Best Cyber Monday sales under $50 | I found the best Cyber Monday deals under $50 | Why trust NBC Select? Best Cyber Monday deals under $50I found, vetted and wrote about every deal I recommend below. Best Cyber Monday sales under $50Here are the best Cyber Monday sales under $50 to know about. I’m an updates editor for NBC Select who has covered deals and sales for Black Friday, Cyber Monday, Prime Day and more.

Persons: I’ve, I’ll, It’s, livestreaming, shea, “ I’ve, ”, Bianca Alvarez, Alvarez, Cash, Alo, TikTok Organizations: NBC, Walmart, sitewide, Navy, Gamestop, Wellness, Bath, Giftable Tech, Black, Facebook, Twitter Locations: carabiner, Bala

I frequently cover shopping events as a commerce editor for NBC Select, and I spent weeks combing through discounts to find the best Cyber Monday kitchen deals actually worth shopping. SKIP AHEAD Best Cyber Monday kitchen deals | Best Cyber Monday Kitchen sales | How I found the best Cyber Monday deals | Why trust NBC Select? Best Cyber Monday kitchen deals in 2024I found, vetted and wrote about every deal I recommend below. 4.6-star average rating from 50,342 reviews on AmazonI absolutely love everything I’ve ever purchased from Nutribullet, including this powerful space-conscious blender. Best Cyber Monday kitchen salesHere are the best Cyber Monday kitchen sales to know about.

Persons: I’ll, fryer, it’s, I’ve, Staub, Emile Henry, TikTok Organizations: NBC, AA, Amazon, Walmart, Home, Facebook, Twitter Locations: Nutribullet

Cyber Monday is here, and Home Depot is offering great deals on home appliances, power tools, smart home devices and much more. I frequently cover shopping events as a commerce editor for NBC Select, and I spent weeks combing through discounts to find the best Home Depot Cyber Monday deals worth shopping. SKIP AHEAD Best Cyber Monday Home Depot deals | Best Cyber Monday Home Depot sales | Why trust NBC Select? Best Cyber Monday Home Depot salesHere are the best Cyber Monday Home Depot sales to know about. I’m a commerce editor for NBC Select who covers deals and sales for Home Depot and other home and kitchen retailers regularly.

Persons: Dyson, Zoe Malin, I’ve, TikTok Organizations: Apple, NBC, Depot, Home, Home Depot, Husky workbench, Amazon Alexa, Husky, Google, Facebook, Twitter Locations: Milwaukee, Serta

SKIP AHEAD Best Cyber Monday vacuum deals | More Cyber Monday vacuum sales | How I picked the best Cyber Monday vacuum deals | Why trust NBC Select? Best Cyber Monday vacuum deals 2024I found, vetted and wrote about every deal I recommend below. 4.3-star average rating from 58,640 reviews on AmazonThe Eureka Powerspeed vacuum is a lightweight upright vacuum weighing around 10 pounds. Best Cyber Monday robot vacuum deals4.2-star average rating from 32,526 reviews on AmazonThis self-emptying robot vacuum uses mapping technology to clean your home without bumping into furniture or getting stuck. Best Cyber Monday vacuum salesHere are the best Cyber Monday vacuum sales to know about.

Persons: Dyson, motorbar, Rebecca Rodriguez, Bissell, It’s, vacuums, I’ve, TikTok Organizations: NBC, Amazon, Amazon An NBC, Alexa, Amazon Alexa, Wellness, Bath, Giftable Tech, Home, Facebook, Twitter

Cyber Monday is finally here and Target and target has tons of notable deals for you to shop from. I frequently cover Target’s shopping events as an associate reporter for NBC Select, and I spent weeks combing through discounts to find the best Cyber Monday Target deals actually worth shopping. SKIP AHEAD Best Target Cyber Monday Target deals | More Target Cyber Monday sales | Best Cyber Monday sales at other retailers | How I picked the best Target Cyber Monday deals | Why trust NBC Select? Best early Cyber Monday Target dealsI found, vetted and wrote about every deal I recommend below. Best Target Cyber Monday salesHere are the best Target Cyber Monday sales to know about.

Persons: I’ll, Siri, ”, Rebecca Rodriguez, fryer, Cory Fernandez, Max Mode, Nordstrom, TikTok Organizations: NBC, Target, Garmin, Walmart, Facebook, Twitter

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