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☆ Nicaraguan lawmakers approve reform expanding Ortega’s power
▼ + stars: | 2024-11-22 | by ( Story Reuters | ) edition.cnn.com time to read: +2 min

Reuters —The Nicaraguan parliament, dominated by the ruling Sandinista Front, on Friday approved a constitutional reform that hands more power to President Daniel Ortega as well as the Central American nation’s police and military. The two have been married since 2005 and she was made vice president in 2017. Under the new reform, the co-presidents will have control over the legislature, judiciary and electoral, public administration, and oversight bodies as well as autonomous entities. Government critics have said the reforms legalize the “absolute power” already exercised for years by Ortega and Murillo. “If adopted, these changes will sound the death knell for fundamental freedoms and rule of law in Nicaragua,” he said in a statement.

Persons: Daniel Ortega, “, Rosario Murillo, Ortega, ”, Murillo, Gustavo Porras, Human Rights Volker Turk Organizations: Reuters, Nicaraguan, Sandinista, Central American nation’s, Government, of American, UN, Human Rights Locations: United States, of American States, Nicaragua

☆ The New York Times Presents: ‘Weight of the World’ on Ozempic’s Rise
▼ + stars: | 2024-11-22 | by ( ) www.nytimes.com time to read: +1 min

‘Weight of the World’Producer/Director Esther Dere and Nicole RittenmeyerCo-Producer Leah VarjacquesProducer/Reporter Dani BlumProducer Rachel AbramsWatch our new documentary on FX and Hulu starting Friday, Nov. 22, at 10 p.m. Eastern. The ascent of GLP-1 medications, such as Ozempic, has brought about a transformation within the weight-loss industry and beyond, reshaping societal views on health and body image. Originally developed to manage diabetes, these drugs have become associated with rapid weight reduction, capturing public interest thanks to rumored endorsements from high-profile figures like Oprah Winfrey and Elon Musk. “Weight of the World” dives into this pivotal moment, following the journeys of three individuals as they navigate the complexities of using GLP-1 medications. Through expert commentary from medical professionals, dietitians and cultural critics, the film looks at this evolving landscape, and it investigates the societal obsession with thinness and the implications of these new pharmaceutical interventions, raising questions about body image, health and the ongoing struggle against obesity.

Persons: Esther Dere, Nicole Rittenmeyer, Leah Varjacques, Dani Blum, Rachel Abrams, Oprah Winfrey, Elon Musk Organizations: Hulu Locations: America

☆ Opinion | We Wanted a New Republican Party. Trump Delivered.
▼ + stars: | 2024-11-22 | by ( Ross Douthat | ) www.nytimes.com time to read: +55 min

Barack Obama was elected president, and the mood in the Republican Party picked up on the mood you’ve already described. But in the end, what he did electorally was not in that election to build the pan ethnic working class Republican Party. But at the very least, there was the conventional wisdom was that the Republican Party had to move substantially to the left on immigration. I just think that if the Republican Party is not the party of private property and wealth building, so I don’t think. Is there any chance that the Republican Party is about to not be the party of private property and wealth building No, no, I think you’re right.

Persons: I’m Ross Douthat, Donald Trump didn’t, Trump, I’ve, Reihan Salam, Reihan, George W, I’m, pry, Ross, Ross Douthat, let’s, Bill Kristol, Bush, Boomer, Giuliani, Ronald Reagan, wasn’t, Bill O’Reilly, Ross Reihan, Bush’s, Barack Obama, Obama, That’s, Mitt Romney, Paul Ryan, Ryan, Rush Limbaugh, notionally, Jeb Bush, Marco Rubio, Bill Clinton, Donald J, Let’s, it’s, It’s, ”, Donald Trump, Rudy Giuliani, Will, electorally, Romney, we’d, didn’t, Pat, John McCain, Frank, Kavanaugh, Trump’s, George Floyd, Biden, hadn’t, progressivism, premised, ender, New Party ”, ryan, neoliberals, Steve Bannon, Steve Moore, we’re, Moore, Bannon didn’t, COVID, JD Vance, Elon Musk, Musk, he’s, Vance, hasn’t, Clinton, Hillary Clinton, Margaret Thatcher’s, Reagan, Roosevelt, Republican policymaking, we’ve Organizations: New York, Republican Party, Manhattan Institute for Policy Research, New Party, New York Times, Harvard Institute of Politics, Harvard, The, Democratic, Great Society, Republicans, Republican, Reagan Democrats, Tribune, Trump, Perot, Tea Party, Party, Social Security, Grand New Party ”, Romney, Obama Trump voters, GOP, Amnesty, Reagan, Biden, American, America, romney, Infrastructure, Clinton Democrat, Uc Locations: Washington , DC, Northwestern, Washington ,, New York, Washington, Iraq, America, “, China, American, United States, Clinton, it’s, Nevada

☆ JPMorgan says this steelmaker could gain more than 20% from here
▼ + stars: | 2024-11-22 | by ( Pia Singh | In | ) www.cnbc.com time to read: +2 min

Carpenter Technology has multiple avenues of growth over the next few years, according to JPMorgan. Analyst Bennett Moore initiated coverage of the U.S.-based stainless steel and alloys manufacturer with an overweight rating and a price target of $220. "Shares have rallied ... on the back of strong demand, solid execution, and an attractive earnings outlook, and we feel the company is well positioned to capture further upside," Moore said in a Thursday note. Moore's investment thesis is built on the company's robust demand for its mostly customer-specific premium products, which he said gives Carpenter strong pricing power and supported its position as an "indispensable supplier." Carpenter Technology makes stainless steel and alloys, including a steel alloy used in manufacturing high-end knives.

Persons: Carpenter, Bennett Moore, Moore, Tim Leedy Organizations: Carpenter Technology, JPMorgan, Carpenter's, Medianews, Getty Locations: U.S

☆ JPMorgan says this steelmaker could could gain more than 20% from here
▼ + stars: | 2024-11-22 | by ( Pia Singh | In | ) www.cnbc.com time to read: +2 min

Persons: Carpenter, Bennett Moore, Moore, Tim Leedy Organizations: Carpenter Technology, JPMorgan, Carpenter's, Medianews, Getty Locations: U.S

☆ 'Shark Tank' investor Barbara Corcoran says young people's dreams of buying a home are being crushed
▼ + stars: | 2024-11-22 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

AdvertisementBarbara Corcoran says it's "disturbing" how young people are being locked out of the housing market. The "Shark Tank" investor pointed to first-time buyers getting older and losing out to cash buyers. High prices, steep mortgage rates, and fierce competition are locking young people out of becoming homeowners, Barbara Corcoran says. Plus, the median age of first-time buyers climbed from 35 to 38. Corcoran also dismissed concerns that the housing market is overheated and headed for a slump.

Persons: Barbara Corcoran, Corcoran, Trump, Sellers, —, they're, Trump's Organizations: Fox Business Network, The Corcoran Group, National Association of Realtors

☆ Caitlin Clark joins bid group for new Cincinnati NWSL expansion team
▼ + stars: | 2024-11-22 | by ( Matias Grez | ) edition.cnn.com time to read: +2 min

CNN —WNBA star Caitlin Clark has joined an ownership group that is bidding to bring a National Women’s Soccer League (NWSL) team to Cincinnati. Cincinnati is one of a number of cities looking to become the 16th NWSL franchise, facing competition from Cleveland, Denver, Nashville and Philadelphia. “The NWSL Cincinnati bid team is thrilled that Caitlin Clark has joined our ownership group in pursuit of bringing a women’s professional soccer team to our city,” the bid team told CNN Sport in statement. Clark has become one of the most recognizable faces in US sport since her record-breaking college career at Iowa. In her debut WNBA season, Clark became the first rookie in 16 years to be named to the All-WNBA first team.

Persons: Caitlin Clark, ”, Clark Organizations: CNN, WNBA, Women’s Soccer League, Cincinnati, CNN Sport, BOS Nation FC, Nation, Bay FC, Iowa, Indiana Fever, Connecticut Sun Locations: Cincinnati . Cincinnati, Cleveland, Denver, Nashville, Philadelphia, Cincinnati, Greater Cincinnati, Boston, Connecticut

☆ Portfolio manager says a 'healthy' correction could come if earnings and growth stall
▼ + stars: | 2024-11-22 | by ( Lucy Handley | In | ) www.cnbc.com time to read: +1 min

In an environment of high valuations, one of two "catalysts" could cause a market correction. It has a price-to-earnings ratio above 27, and some have described it as expensive by almost every measure. "We do think that a correction would be healthy, but you will need some type of catalyst for that correction to take place. [It is] still quite healthy, but it is slow, right? "If that continues to slow a bit more, if we were to see inflation tick up again, that could be a catalyst," Arcese said.

Persons: Brian Arcese, CNBC's, Arcese Organizations: Management Locations: Singapore, U.S

☆ Invesco: investors 'too greedy' in China stimulus expectations
▼ + stars: | 2024-11-22 | 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 EmailInvesco: investors 'too greedy' in China stimulus expectationsDavid Chao of Invesco believes that Asian currencies are bucking the trend and performing well against a stronger dollar. He thinks investor expectations for Chinese stimulus are too high, but positive economic data could provide momentum into the end of 2024.

Persons: David Chao, Invesco Locations: China

☆ Finding more opportunity in securitized credit within private markets, says Guggenheim's DiLorenzo
▼ + stars: | 2024-11-22 | 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 EmailFinding more opportunity in securitized credit within private markets, says Guggenheim's DiLorenzoDina DiLorenzo, Guggenheim Investors president, joins 'Power Lunch' to discuss what parts of fixed income are the most attractive, high demand in the private credit market, and where demand is mainly coming from.

Persons: Guggenheim's DiLorenzo Dina DiLorenzo Organizations: Guggenheim Investors

☆ I'm an interior designer who shopped at West Elm and Crate & Barrel for holiday decorations. One felt way more festive.
▼ + stars: | 2024-11-22 | by ( Mina Lisanin | ) www.businessinsider.com time to read: 1 min

AdvertisementI shopped at West Elm and Crate & Barrel to see which store had better holiday decor. Crate & Barrel offered chic, modern decorations, but West Elm had classic, cozy options. As an interior designer, I liked both stores, but West Elm ultimately felt warmer and more festive. As an interior designer, I use my eye and skills when decorating for the holidays. So, while shopping in NYC, I visited West Elm and Crate & Barrel — two stores known for their stylish home decor with a modern twist.

Persons: Elm, West Organizations: US

☆ 3 moms describe their symptoms of postpartum depression, and pushing through as they went back to work
▼ + stars: | 2024-11-22 | by ( Julia Pugachevsky | ) www.businessinsider.com time to read: +8 min

AdvertisementA new study found that postpartum depression rates doubled over the past decade. A new study from JAMA found that postpartum depression diagnoses have doubled in the last decade. AdvertisementPlowing ahead, potentially ignoring postpartum depression symptoms, can lead to quicker burnout — and leaving a career entirely. AdvertisementPostpartum depression can be hard to identifySymptoms of postpartum depression range from intense mood swings to thoughts of harming your baby. Fornaro's husband worried about her postpartum depression and offered to pay for a nanny, which she initially refused.

Persons: Bri Ramos, Ramos, Ramos Zoloft, Nehaa, Stephanie Fornaro, it's, Justine Sterling Converse, Converse, hadn't, Fornaro, Clayton Shuman Organizations: Business, JAMA, Kaiser Permanente Locations: Kaiser Permanente Southern California, Texas, Greece, Iceland, North Macedonia

☆ Expectations for Lowe's were high after Home Depot beat expectations, says Jim Cramer
▼ + stars: | 2024-11-22 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

'Mad Money' host Jim Cramer compares retail earnings report from this week. Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email

Persons: Jim Cramer

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin tests $100,000 heading into the weekend: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Bitwise CEO Hunter Horsley shares his thoughts on the crypto rally and whether he sees a correction coming soon.

Persons: explainers, Hunter Horsley Organizations: CNBC Crypto, CNBC

☆ Dow closes at record high
▼ + stars: | 2024-11-22 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDow closes at record highCharles Bobrinskoy, Ariel Investments vice chairman and Ryan Detrick, Carson Group chief market strategist, joins 'Closing Bell Overtime' to talk the day's record market action.

Persons: Dow, Charles Bobrinskoy, Ariel, Ryan Detrick Organizations: Carson Group

☆ The High Risk, High Reward Trump Market
▼ + stars: | 2024-11-22 | by ( Jeff Sommer | ) www.nytimes.com time to read: +1 min

Markets abhor uncertainty. That bit of Wall Street wisdom helps explain their ebb and flow since Donald J. Trump’s victory on Election Day, and even earlier. Stocks and bond yields began rising early in October, when Wall Street concluded that Mr. Trump would win. Yet for the markets, uncertainty hasn’t vanished. He promises lower corporate taxes and less regulation: Those assurances are being widely interpreted as a recipe for fat company profits and a prosperous stock market.

Persons: Donald J, Trump, It’s Organizations: Wall, Mr, Trump Locations: Washington

☆ Why Germany’s Economy, Once a Leader in Europe, Is Now in Crisis
▼ + stars: | 2024-11-22 | by ( Melissa Eddy | ) www.nytimes.com time to read: +1 min

Germany, Europe’s largest economy, has not seen significant growth in the past two years. On Friday, the country’s economy recorded 0.1 percent growth from July to September, but it is forecast to contract over the entire year. And economists do not expect to see a return to growth in 2025, unless a new government can make significant changes quickly. Driving that point home, Germany’s largest auto supplier, Bosch, said on Friday that it planned to cut 5,500 jobs, beginning in 2027. High energy prices, a complex bureaucracy, an aging public infrastructure and geopolitical developments have hurt Germany’s export industry.

Organizations: Bosch Locations: Germany, Europe’s

☆ How the EV era is challenging leading engine maker Honda
▼ + stars: | 2024-11-22 | by ( Robert Ferris | In | ) www.cnbc.com time to read: +3 min

Honda is the world's largest engine manufacturer, powering about 27 million cars, motorcycles, generators, yard tools, airplanes, and other items. But it is struggling in some key regions, especially China, and it's challenged by the era of electric vehicles. Honda has been relatively slow to release models, and it has depended heavily on partners to keep up. Honda does have an in-house EV plan and its own platform. It's sinking $65 billion into EVs and software globally, including $11 billion in Canada and $3.5 billion for upgrades to facilities in the United States.

Persons: it's, Karl Brauer, they'd, Jake Fisher, Honda's, Gregory Noble Organizations: Honda, Acura, Ferrari, Lamborghini, Porsche, McLaren, Consumer, U.S, General Motors, Detroit, Toyota, University of Tokyo's Institute of Social Science Locations: U.S, China, Canada, United States

View at Quince What we like Check mark icon A check mark. Super softCheck mark icon A check mark. 11 colors to choose fromCheck mark icon A check mark. Fits the bed well and feels durableCheck mark icon A check mark. Produces a lot of lintFAQs about the Quince Black Friday saleWhen does the sale start and end?

Persons: Quince, we've, it's Organizations: Business, DTC Locations: cardigan

☆ T.J. Maxx is in prime position to benefit from Trump's trade policies
▼ + stars: | 2024-11-22 | by ( Nora Redmond | ) www.businessinsider.com time to read: +2 min

AdvertisementT.J. Maxx is set to benefit from Trump's proposed tariffs on imports. T.J. Maxx could end up benefiting from Trump's suggested tariffs. Related Video Truth Social just brought Trump a $4 billion windfall, but experts aren't soldThis means more opportunities for T.J. Maxx to buy stock as excess inventory kicks around the market. For consumers forced to trade down or priced out of their usual retail spots, T.J. Maxx might present itself as the perfect option. AdvertisementTJX, the parent company of T.J. Maxx, Marshall's, and Home Goods, beat Wall Street's estimates in the third quarter, reporting revenue of $14.1 billion, up 6% from the previous year.

Persons: Maxx, Trump, aren't, Chris Walton, Lorraine Hutchinson, Neil Saunders Organizations: Target, Omni, Bank of America, Home Goods, GlobalData Locations: T.J, China

☆ Morgan Stanley cautions against owning overcrowded stocks for risk of high valuation, volatility
▼ + stars: | 2024-11-22 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Owning overcrowded stocks could increase volatility and lead to muted portfolio gains, according to Morgan Stanley. "Crowded trades come with the risk of overvaluation and increased volatility as it may be more difficult to attract the marginal investor, while avoiding overcrowded stocks can provide investors with an opportunity to capture unrecognized value when paired with strong fundamentals," Morgan Stanley strategists said in a note to clients. Car rental agency Avis Budget Group was the most crowded stock among hedge funds, with more than half its float owned by professional traders. Aerospace and defense company Loar Holdings and real estate development and management firm Howard Hughes were also on the list of crowded trades. Janus Henderson , The New York Times , Planet Fitness and Wayfair were popular names among hedge funds last quarter.

Persons: Morgan Stanley, Russell, Howard Hughes, Janus Henderson Organizations: Avis Budget Group, Aerospace, Loar Holdings, The New York Times Locations: The

☆ China is armed and ready for trade war 2.0 with Donald Trump
▼ + stars: | 2024-11-22 | by ( Juliana Liu | ) edition.cnn.com time to read: +8 min

Hong Kong CNN —In the summer of 2018, when former President Donald Trump launched a trade war with Beijing, the Chinese economy was riding high. There was even talk it could soon overtake the United States as the world’s largest. But last year, Mexico overtook China as the top exporter of goods into the United States, according to the Commerce Department. China had held that perch for 20 years before its exports to the United States fell by 20% to $427 billion last year. Women walk at a fashion accessories store displaying a poster to promote Singles' Day discounts at a shopping mall in Beijing, China, on November 11, 2024.

Persons: Donald Trump, Trump, ”, Dexter Roberts, Joe Biden, Matthews, Wang Shouwen, ” Andy Rothman, “, Liza Tobin, Calvin Klein, Tommy Hilfiger, Beijing’s, don’t, Sean Callow, Callow, Andy Wong, Rothman, Xi Jinping, Larry Hu Organizations: Hong Kong CNN —, Trump, Atlantic Council, Commerce Department, Matthews Asia, Treasury, CNN, PVH Corp, Bain & Company, ITC Markets, US, Peterson Institute, National Bureau of Statistics, Gross, Macquarie Bank Locations: China, Hong Kong, Beijing, United States, Mexico, Lianyungang, US, Xinjiang, —, Shanghai, New York, “

☆ Goldman says 2025 will be the 'year of generating income'
▼ + stars: | 2024-11-22 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

Goldman Sachs Asset Management is predicting 2025 will be the "year of generating income." One focuses on the S & P 500 — Goldman Sachs S & P 500 Core Premium Income ETF (GPIX) and another on the Nasdaq-100 index — Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ ). High-yield muni bonds Shah also sees opportunity for income within high-yield municipal bonds . "Municipal high yield is a good way of generating income that can compete with your appreciation," Shah said. GHYAX YTD mountain Goldman Sachs High Yield Municipal Fund Dividend stocks and bonds Investors can also turn to more traditional forms of income in dividend stocks and fixed income, Shah said.

Persons: Goldman, Ashish Shah, Shah, — Goldman Sachs, Goldman Sachs Organizations: Management, CNBC, Federal Reserve, Crane Data, nab, Investors, Goldman, Nasdaq, Goldman Sachs Nasdaq Locations: securitized

☆ The 'Roaring 20s' rally will continue in 2025. UBS shares 8 ways to maximize gains.
▼ + stars: | 2024-11-22 | by ( James Faris | ) www.businessinsider.com time to read: +8 min

While Wall Street is confident that there will be a continued boom under Trump, UBS GWM is less sure. "AI infrastructure spending remains robust, and we expect key semiconductor components needed for AI to remain supply constrained in 2025, supporting pricing," UBS GWM strategists wrote. "We believe investment-grade bonds offer attractive yields and expect mid-single-digit returns in US dollar terms," UBS GWM strategists wrote. "In 2025, we believe gold will remain an effective hedge against key political concerns, including government debt levels, inflation, or geopolitical tensions," UBS GWM strategists wrote. Residential and commercial properties both make sense, though UBS GWM specifically cited property types like logistics, data centers, and multifamily housing.

Persons: Donald Trump, Mark Haefele, UBS GWM, Haefele Organizations: UBS Global Wealth Management, UBS GWM, Trump, UBS, Technology, Utilities Locations: Japan

☆ In forgotten parts of Singapore's iconic Orchard Road shopping street, a new era is taking shape
▼ + stars: | 2024-11-22 | by ( Kevin Lim | ) www.cnbc.com time to read: +6 min

The Far East Shopping Center on Orchard Road in Singapore, on Thursday, April 11, 2024. Bloomberg | Bloomberg | Getty ImagesThe Far East Shopping Center along Singapore's Orchard Road has seen better days. Orchard Road, Singapore's main shopping street, is 2.2 km (1.3 miles) long but much of the activity takes place in the middle of the stretch as well as at selected malls linked via underground walkways to subway stations. Far East Shopping Center isn't connected to Orchard MRT unlike several of its neighbors. Two of the properties, the voco Orchard hotel and Forum The Shopping Mall, share some 180 meters of frontage along Orchard Road.

Persons: Ong Beng Seng, hasn't, CDL, Singapore's URA, URA, Richard Goh, Rasa Singapura, Sukanto Tanoto, Du Shuanghua, Jeremy Lake Organizations: Shopping, Bloomberg, Getty, Shopping Center, Singapore Botanic Gardens, Urban Redevelopment, Properties, Singapore, Developments, CDL Hospitality, Arts, CNBC, Singapore Botanic, Pacific Eagle, Food, Savills Singapore, Concorde Locations: Orchard, Singapore, Delfi Orchard, Istana Park, Canning, HPL

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