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☆ Trump's Cabinet selection is off to a rocky start: From the Politics Desk
▼ + stars: | 2024-11-21 | by ( The Politics Desk | ) www.nbcnews.com time to read: +8 min

But it’s not even Thanksgiving, and Donald Trump is already looking for a backup top law enforcement officer after Matt Gaetz withdrew his AG bid Thursday. The last time around, Trump lost just one of his initial Cabinet picks, when Andrew Puzder withdrew as the labor secretary nominee in February 2017. ➡️ More on the Trump transitionAside from Gaetz, two of Trump’s other Cabinet picks, Hegseth and Kennedy, have also faced serious allegations of sexual impropriety, which they have both denied. 🗞️ Today’s other top stories 👀 Buckeye State battle brewing: The jockeying for JD Vance’s Ohio Senate seat has begun, and the potential candidates’ statements about Trump’s Cabinet picks are being closely watched. Read more →The jockeying for JD Vance’s Ohio Senate seat has begun, and the potential candidates’ statements about Trump’s Cabinet picks are being closely watched.

Persons: Matt Gaetz, Jonathan Allen, Henry J, Gomez, Olympia Sonnier, Jake Traylor, Julie Tsirkin Matt Gaetz’s, Donald Trump, ”, Gaetz, MAGA, Trump, Sens, Mitch McConnell of, Lisa Murkowski, Susan Collins of, Markwayne Mullin, John Curtis of Utah, Read, Jonathan Allen It’s, George H.W, Texas Sen, John Tower, it’s, — Trump, Bill Clinton’s, Zoë Baird, Kimba Wood, Pete Hegseth, Tulsi Gabbard, Robert F, Kennedy Jr, Barack Obama’s, Tom Daschle, Bill Richardson, Judd Gregg, Andrew Puzder, ➡️, Hegseth, Kennedy, Mehmet Oz, El Organizations: NBC, White House, Capitol, Republican, The Justice Department, Republicans, Gaetz, Pentagon, Former Fox News, Human Services, Commerce, ., Medicare, Services Locations: Florida, Washington, Trump, Mitch McConnell of Kentucky, Alaska, Susan Collins of Maine, Oklahoma, Texas, Obamacare

Matt Gaetz’s withdrawal Thursday as a candidate for attorney general illustrates the roadblocks President-elect Donald Trump could face as he attempts to convert his campaign of “retribution” into a governing coalition capable of working within the realities of Washington. In Gaetz, Trump would finally get the loyal attorney general he felt like he never had in his first term. But it was a tough sell from the moment Trump announced Gaetz as his choice eight days ago — in a pick that shocked much of Washington. In the end, it was the “combination of the ethics report and opposition among Senate Republicans,” that doomed Gaetz’s candidacy, a senior Senate aide told NBC News. Before Gaetz’s withdrawal Thursday, Trump allies were pushing hard on GOP senators and other ambitious Republicans to publicly support his embattled Cabinet picks.

Persons: Matt Gaetz’s, Donald Trump, ”, Gaetz, MAGA, Trump, “, Vance, ” Gaetz, Sens, Mitch McConnell of, Lisa Murkowski, Susan Collins of, Markwayne Mullin, John Curtis of Utah, JD Vance, ” Sen, Mike Rounds, ” Rounds, Pete Hegseth, shouldn’t, Robert F, Kennedy Jr, Tulsi Gabbard, Matt, they’re Organizations: Republican, The Justice Department, Republicans, NBC News, Trump, Capitol, Gaetz, “, Senate, Fox News, Justice Department Locations: Washington, Florida, Trump, Mitch McConnell of Kentucky, Alaska, Susan Collins of Maine, Oklahoma, Ohio, Hawaii

The search for Vice President-elect JD Vance’s successor in the Senate is reinforcing a rift among Ohio Republicans, whose loyalties are divided between the establishment-friendly Gov. Vance has consulted with DeWine on the Senate appointment, two sources familiar with the discussions said. When asked if Trump’s Cabinet picks were a part of DeWine’s considerations, Tierney emphasized the governor’s wish that his pick be able to win the GOP primary that year. Moreno, for his part, singled out Gaetz, Gabbard, Hegseth and Kennedy this week in a statement pledging to support Trump’s Cabinet choices. “The American people delivered President Trump a mandate, and it is crucial that Senate Republicans confirm his nominees quickly,” he said.

Persons: JD Vance’s, Mike DeWine, Donald Trump, DeWine, Vance, ”, Dan Tierney, “, Trump’s, Trump, Pete Hegseth, shouldn’t, Robert F, Kennedy Jr, Tulsi Gabbard, Matt Gaetz, Gaetz, Hegseth, “ We’re, Kennedy, Robert Sprague, Frank LaRose, they’ll, Dan Lusheck, Lusheck, Mike Carey, Carey, Justice Department “, ” Carey, “ I’d, Jay Edwards, ” Mehek Cooke, John Kasich’s, ” Cooke, Jane Timken, Jon Husted —, —, Tierney, Sprague, Dave Yost, Yost, Vivek Ramaswamy, Elon Musk, ” Tierney, Timken, Sen, Matt Dolan, Dolan, Bernie Moreno, Moreno, LaRose, Democratic Sen, Sherrod Brown Organizations: Ohio Republicans, Trump, NBC News, GOP, Fox News, Justice Department, “, U.S, Spectrum, Gov, Republican, Democrat, Republican National Committee, Senate, Democratic, America Locations: Ohio, Hawaii, Florida, Hegseth, Washington, DeWine

Washington state is reeling following a powerful “bomb cyclone” that left two dead, knocked out power to half a million at its peak and downed trees and power lines. The Pacific Northwest was battered by the storm, which formed off the coast Tuesday and brought high winds, rain and heavy mountain snow to Washington. ET Thursday, there are over 320,000 customers without power in Washington, according to PowerOutage.Us. Meanwhile, a strong atmospheric river event is also impacting Northern California and southwestern Oregon, with flood watches in effect for 2 million people. This will lead to storm totals of 12 to 16 inches by the time the storm winds down by the weekend.

Persons: Tiffani Palpong, Mathieu Lewis, Rolland, Getty, It’s Organizations: Puget Sound Energy, PT, Rockies, National Weather Service, Golden State, Atmospheric Administration, Acorn Locations: Washington, Pacific, Seattle, Lynnwood, South County, Snohomish County, Bellevue, Lake Stevens, Oregon, Northern California, Mattole, California, , California, Austin Creek, Area , California

☆ HBO says 'Harry Potter' series will 'benefit' from J.K. Rowling's involvement
▼ + stars: | 2024-11-21 | by ( ) www.nbcnews.com time to read: +9 min

Two of the biggest Harry Potter fan communities, MuggleNet and The Leaky Cauldron, denounced Rowling’s views and severed ties with the author’s future projects. On Sept. 10, she posted the U.K. open casting call for the roles of Harry Potter, Hermione Granger and Ron Weasley to her 14.2 million followers on X. “Every time we sit down to have a fun conversation about Harry Potter, the conversation becomes angry and depressing, and so we end up not publishing,” she says. “There are so many fans who deeply disagree with what Rowling is saying, but still want to engage in the Harry Potter fandom.”Ironically, while Rowling’s actions have undermined many Potter fans’ dedication to her, they also appear to have strengthened those fans’ solidarity with each other. We can love and enjoy that without the author.”The question now is whether HBO can cast the same spell.

Persons: J.K, Rowling, Harry Potter ”, Daniel Radcliffe, Emma Watson, Rupert Grint, Eddie Redmayne —, Harry Potter, Francesca Gardiner, Mark Mylod, ”, Casey Bloys, Harry Potter —, “ J.K, Gardiner, Hermione Granger, Ron Weasley, “, Potter, She’s, It’s, Melissa Anelli, “ Harry, “ It’s, Maggie Smith, Murray, Kat Miller, MuggleNet, Miller, Radcliffe, “ Potter, Ralph Fiennes, Helena Bonham Carter, Jim Broadbent, traumatised detransitioners, rebuking John Oliver —, Lumos, Trump, ” Miller, —, Anelli, Tylor Starr, Starr Organizations: Warner Bros, Discovery, ” HBO, J.K, HBO, Potter Locations: “

Ukraine on Thursday accused Russia of launching an intercontinental ballistic missile as part of an overnight attack, in what would be the first use of such a weapon during the conflict. Ukrainian forces also used British-supplied long-range Storm Shadow missiles inside Russia for the first time on Wednesday, the Kremlin said. Moscow on Thursday launched an intercontinental ballistic missile at Ukraine for the first time, Kyiv said. But this kind of a strike might have a value as a signal,” said nuclear forces expert Pavel Podvig. Russian forces have seized the momentum in recent months and eked out a succession of territorial gains, particularly on the eastern front lines.

Persons: Dmitry, Lysak, Vladimir Putin's, ”, Pavel Podvig, “, Podvig, Kim Jong, Alexander Bollfrass, ” Bollfrass Organizations: Western, Dnipro, Emergency Service of, Getty, . Institute for Disarmament Research, Kremlin, Strategy, Technology, Institute for Strategic Studies, NBC News, Trump Locations: Ukraine, Russia, Dnipro, Moscow, Ukrainian, Astrakhan, Kryvyi, Emergency Service of Ukraine, AFP, Russia's Kursk, London, China

Trump’s pick for defense secretary, Pete Hegseth, was accused of sexual assault. Trump himself has faced various sexual misconduct allegations, which he has denied, though he was found liable last year for sexual abuse in a civil trial over an alleged incident in the 1990s that he also denies. Now, after having won the presidency again, he’s spending early political capital to confirm appointees who have faced sexual misconduct allegations of their own. The allegations against Trump’s picksGaetz’s years of controversies have been thrust back into the spotlight now that he’s up for a Cabinet post. “It’s a very scary time for young men in America when you can be guilty of something that you may not be guilty of,” Trump told reporters.

Persons: Donald Trump’s, Matt Gaetz, Pete Hegseth, Robert F, Kennedy Jr, Gaetz, Hegseth, Kennedy, “, Trump, ”, Marc Short, Mike Pence’s, we’ve, Trump’s, hasn’t, Tim Parlatore, Bill Clinton’s, George H.W, Barack Obama’s, haven’t, Andy Puzder, Puzder, Patrick Shanahan, Shanahan, Ronny Jackson, Jackson, Brett Kavanaugh, Kavanaugh, ” Trump, reconsidering, JD Vance, Karoline Leavitt, Vance, MAGA, ” Leavitt Organizations: NBC News, NBC, “, Justice Department, Trump, Committee, Washington Post, Republican, You’re, Politico, Pentagon, White House, Department of Veterans Affairs, Supreme, Capitol, White Locations: groping, Florida, America, Hegseth, Washington

☆ I'm 27 and paid $156 for a buzzy health test, fearing I was unknowingly sick. It was reassuring but I felt scammed.
▼ + stars: | 2024-11-21 | by ( Kim Schewitz | ) www.businessinsider.com time to read: +8 min

AdvertisementThe idea that testing and tracking your health will help you live longer is buzzy right now. I feared I had problems like high cholesterol or blood sugar and paid $156 for a direct-to-consumer health test. The author eating pineapple to feel less dizzy after the blood tests. AdvertisementDirect-to-consumer tests might seem like a good idea, but in most cases, you'd be better off letting sleeping dogs lie. AdvertisementMore testing isn't necessarily betterPeople tend to think that tests can only do good, but unnecessary health testing can actually be harmful, Plüddemann said.

Persons: I'd, you'll, Max, I'm, I've, Kim Schewitz, Annette Plüddemann, Plüddemann Organizations: Global Wellness Institute, University of Oxford, Nova Locations: Arizona, Australia

☆ The DOJ wants Google to sell its Chrome browser. Here are the winners and losers if that happens.
▼ + stars: | 2024-11-21 | by ( Hugh Langley | Lara O'Reilly | ) www.businessinsider.com time to read: +8 min

The Justice Department on Wednesday asked the judge in its antitrust case against Google to force the company to sell its Chrome browser. "Advertisers would find competitors for their business, rather than needing to pay a dominant search engine." When you open Chrome and type something into the search bar at the top, these words are automatically transformed into a Google Search. And when there's an option for users, Google pays partners billions of dollars to set its search engine as the default. For instance, if most people click on the third result, Google's Search engine will likely adjust and rank that result higher in the future.

Persons: Mehta's, John Kwoka, Judge Mehta, Bing, There's, Bill Gurley, Sridhar Ramaswamy, Neeva, Ramaswamy, Teiffyon Parry, Equativ, Parry, Ben Thompson, John Gruber, Lee, Anne Mulholland Organizations: DOJ, Google, Department, Wednesday, Northeastern University, Chrome, Lens, Google's, Gmail, YouTube, Bloomberg

☆ Trump wants the power to single-handedly choke off government spending. Lawmakers aren't sweating it yet.
▼ + stars: | 2024-11-21 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +7 min

AdvertisementTrump wants the power to refuse to spend federal dollars that Congress has already approved. Impoundment has been floated as one way that Trump could singlehandedly enact DOGE's recommended cuts to the federal budget. Meanwhile, lawmakers on Capitol Hill — including those on the House and Senate Appropriations Committees that control government spending — don't seem concerned about Trump's impoundment power grab just yet. He added that there "would be a problem" if Trump tried to impound funding approved by both chambers of Congress. AdvertisementWhat Trump could do with such sweeping powersEven if Congress won't grant Trump impoundment powers, he has another potentially more attractive avenue — the courts.

Persons: He's, Nixon, Elon Musk, Vivek Ramaswamy, Donald Trump, doesn't, it's, Richard Nixon, Trump, DOGE's, Republican Sen, Shelly Moore Capito, haven't, I've, Robert Aderholt, Rosa DeLauro, Mark Amodei, Joe Morelle, appropriators aren't, Tom Cole of Oklahoma, Mark Paoletta, there's, Daniel Schuman, Schuman, shouldn't, Vance, Karoline Leavitt Organizations: Trump, Congress, Department of Government, Capitol, Committees, Republican, West Virginia, Alabama, Democrats, Republicans, Senate, tinker, Nevada Republican, Democratic, GOP, The Washington, Trump administration's Office, Management, American Governance Institute Locations: West, Connecticut, Nevada, New York

☆ BJ’s Wholesale Club membership fees are going up for the first time in 7 years
▼ + stars: | 2024-11-21 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +1 min

New York CNN —BJ’s Wholesale Club is hiking the price of its annual membership fee for the first time since 2018. The warehouse store chain, a smaller rival to Costco and Sam’s Club, announced Thursday that the cost will increase by $5 to $60 per year for its basic plan. Annual fees have been one of the biggest profit-generating areas for BJ’s, helping it offset expenses to keep its prices down. Meanwhile, Sam’s Club last raised its fees in 2022. The company has fewer stores than its major competitors, and its locations are a little smaller, though BJ’s carries a wider variety of items.

Persons: BJ’s, ’ Organizations: New, New York CNN, BJ’s Wholesale, Costco, Sam’s Club, Sam’s Locations: New York, Westborough , Massachusetts, East Coast, Michigan

☆ Oil prices firm as geopolitical tensions raise supply concerns
▼ + stars: | 2024-11-21 | by ( ) www.cnbc.com time to read: +2 min

A pump jack at an oil lot connected to the Petroleos del Peru SA Talara refinery in Piura, Peru, on Wednesday, Dec. 13, 2023. Oil prices edged higher on Thursday due to supply concerns triggered by escalating geopolitical tensions amid the ongoing war between Russia and Ukraine. Gasoline inventories last week rose more than forecast, while distillate stockpiles posted a larger-than-expected draw. Adding to supply, Norway's Equinor said it had restored full output capacity at the Johan Sverdrup oilfield in the North Sea following a power outage. However, a slowdown in Chinese and global demand, coupled with rising output outside the group, have potentially thwarted this plan.

Persons: Norway's Equinor, Johan Sverdrup Organizations: del, del Peru SA Talara, Brent, . West Texas, Storm, ATACMS, Energy Information Administration, Organization of, Petroleum Locations: del Peru, Piura, Peru, Russia, Ukraine, Moscow, Kyiv, OPEC

CNN —Israeli strikes on northern and central Gaza killed at least 87 Palestinians in 24 hours, local health authorities said, as the death toll in the enclave surpassed 44,000. At least 65 people were killed in Israeli strikes on northern Gaza overnight, a medical official in the enclave told CNN on Thursday, adding that the toll expected to rise. Dr. Hossam Abu Safiya, director of the Kamal Adwan Hospital in Beit Lahiya, northern Gaza, told CNN on Thursday morning that casualties were still being brought to the hospital. The strikes come as the death toll in Gaza climbs after Israel’s renewed offensive in the north of the territory. Meanwhile in Lebanon, Israel launched airstrikes on the southern suburb of Beirut early Thursday, according to Lebanon’s state-run National News Agency (NNA).

Persons: Hossam Abu Safiya, Kamal Adwan, ’ Al, Abu Safiya, Safiya, Ibrahim, Muneer Alboursh, Alboursh, Israel’s, NNA, Avichay Adraee, Amos Hochstein, Hochstein, ” Organizations: CNN, Ibrahim Amro, Getty, Ministry of Health, Health Ministry, National News Agency, Israel military’s Locations: Gaza, Beit Lahiya, Aqsa, AFP, Gaza City, Sheikh, Lebanon, Israel, Beirut, Haret, Tyre

By the end of the day, Trump had announced a new pick for attorney general: Pam Bondi, the former attorney general of Florida. One by one, the senator wanted to know who had told Gaetz “yes” they were with him. After being asked for comment for CNN’s story, Gaetz announced his withdrawal as Trump’s nominee for attorney general. “I greatly appreciate the recent efforts of Matt Gaetz in seeking approval to be Attorney General. Some lawmakers have already asked the parliamentarian to weigh in and clear up the confusion, one source told CNN.

Persons: JD Vance, Matt Gaetz, they’d, Vance, “, Donald Trump, Trump, Gaetz, Gaetz —, he’d, Department —, ” Gaetz, Pam Bondi, Gaetz’s, Republican Sen, Kevin Cramer of North, ” Cramer, wouldn’t, ’, Trump’s, Gaetz couldn’t, Matt, ” Trump, Karoline Leavitt, Pete Hegseth, Robert F, Kennedy Jr, Kevin McCarthy, Kentucky Sen, Mitch McConnell, Maine Sen, Susan Collins, Oklahoma Sen, Markwayne Mullin, Dakota Sen, Mike Rounds, “ I’m, Rounds, ” Sen, Roger Wicker, Cynthia Lummis, Florida Sen, Rick Scott, ”, Will Gaetz, preemptively, Michael Guest, , CNN’s Kaitlan Collins Organizations: CNN, Capitol, Senate, Trump, Department, DOJ, Republican, GOP, Republicans, Justice Department, Administration, “, Department of Justice, Fox News, Defense Department, Department of Health, Human Services, Hill, Oklahoma, Mississippi Republican, Wyoming Republican, Democrats Locations: Florida, Washington, Kevin Cramer of North Dakota, Gaetz, Kentucky, Maine, Dakota, Mississippi, Wyoming

☆ Why American Women Are Staying Single, Swearing Off Marriage, Dating
▼ + stars: | 2024-11-21 | by ( Kelli María Korducki | ) www.businessinsider.com time to read: +12 min

Now, unmarried women are no longer part of an edgy cultural vanguard — they're the official status quo. As of 2021, a record 52% of American women were either unmarried or separated, according to a report by Wells Fargo Economics. Single women also have single men outnumbered: A Census Bureau analysis of 2019 data found that for every 90 unmarried men in the US, there were 100 unmarried women. In a 2019 survey from the Pew Research Center, only 38% of single women reported looking for dates or a relationship, compared with 61% of single men. Even before 1970, it was far from unusual to see American women working for a living.

Persons: Rebecca Traister, Samantha Nation, JD Vance, —, Claudia Goldin, Jess Carbino, Tinder, Gary Becker, Elizabeth Crofoot, Carmindy Bowyer, Bowyer, didn't, truer, Stephanie Manes, Katie Roiphe, Singledom, Paul Dolan, Richard Reeves, Nicholas Eberstadt, Bella DePaulo, DePaulo Organizations: Los Angeles Times, Wells, Wells Fargo Economics, Pew Research Center, of Labor Statistics, Census, Pew, American Enterprise Institute's, Social Locations: Wells Fargo, New York City

☆ Amelia Earhart: Sonar imagery resembling missing plane was a rock formation
▼ + stars: | 2024-11-21 | by ( Taylor Nicioli | ) edition.cnn.com time to read: +7 min

After returning to the site on November 1, Deep Sea Vision — an ocean exploration company based in Charleston, South Carolina, that captured the original sonar image — has identified the object to be a natural rock formation. The hunt for Earhart’s plane continuesThe rock formation was more than 16,000 feet (4,877 meters) underwater. The team sent out the AUV directly above the site in early November, producing a high-resolution image of the rock formation. After the anxious wait, the image surprisingly revealed that the object was a natural rock formation, he said. When Deep Sea Vision first announced the anomaly, Jourdan cautioned against using sonar imagery to identify anything on the seafloor.

Persons: Amelia Earhart, Earhart, Electra, ”, Tony Romeo, “, ” Romeo, Romeo, shouldn’t, Nauticos, David Jourdan, Jourdan, ” Jourdan, ” Amelia Earhart, Fred Noonan, Dorothy Cochrane, Cochrane Organizations: CNN, Lockheed, US Air Force, Vision, Smithsonian National Air and Space Museum Locations: Charleston , South Carolina, Kennebunkport , Maine, Lae, Papua New Guinea, Howland

☆ Intercontinental ballistic missile: Ukraine has accused Russia of launching an intercontinental missile. Here’s what we know
▼ + stars: | 2024-11-21 | by ( Catherine Nicholls | ) edition.cnn.com time to read: +7 min

CNN —Ukraine’s military has accused Russia of firing an intercontinental ballistic missile (ICBM) into its territory for the first time, marking what would be another significant escalation in the 1,000-day-old war. Despite Kyiv’s accusation, two Western officials said that the missile launched by Russia was a ballistic missile, but not an ICBM. Ukraine’s air force accused Russia of launching an intercontinental ballistic missile at Dnipro at around 5 a.m. local time, from the Astrakhan region of southern Russia. Alexander Nemenov/AFP/Getty Images/FileWhat is an intercontinental ballistic missile? An intercontinental ballistic missile (ICBM) is a long-range weapon that is fired into space and then releases a warhead or warheads that reenter the atmosphere to drop on their targets.

Persons: CNN —, Heorhii Tykhyi, “, Volodymyr Zelensky, Vladimir Putin, ” Zelensky, Dmitry Peskov, Peskov, Joe Biden, Putin, Alexander Nemenov, Mykola Synelnykov, Serhiy Lysak Organizations: CNN, Ukraine’s Foreign Ministry, Russia’s Defense Ministry, Russia’s Defense, Victory Day, Getty, Center for Arms Control, Soviet Union, The, Patriot, Missile, Center for Strategic, International Studies, Congressional Research Service, Patriots Locations: Russia, Dnipro, Ukrainian, Ukraine, Astrakhan, Laos, British, Russian, Moscow, AFP, Soviet, States, Germany, Kyiv, Dnipropetrovsk, Donetsk

☆ Matt Gaetz withdraws from attorney general consideration
▼ + stars: | 2024-11-21 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +3 min

AdvertisementMatt Gaetz announced Thursday his withdrawal from consideration to be US attorney general. He said his confirmation was "unfairly becoming a distraction" to Trump's team. Matt Gaetz has withdrawn himself from consideration to be President-Elect Donald Trump's nominee for attorney general of the United States, the former Florida congressman announced on Thursday afternoon. While the momentum was strong, it is clear that my confirmation was unfairly becoming a distraction to the critical work of the Trump/Vance… — Matt Gaetz (@mattgaetz) November 21, 2024"I greatly appreciate the recent efforts of Matt Gaetz in seeking approval to be Attorney General," Trump wrote on Truth Social. Meanwhile, Gaetz had taken the extraordinary step of resigning from the House after his nomination was announced, ostensibly to allow Florida Gov.

Persons: Matt Gaetz, Trump, Donald Trump's, Gaetz, Vance, Sen, JD Vance, Ohio, Vance …, Matt, Ron DeSantis Organizations: Trump, Administration, Florida Republican, Senate, Justice, Gaetz, Florida Gov Locations: United States, Florida

☆ Baidu posts 3% drop in third-quarter revenues, beating market expectations
▼ + stars: | 2024-11-21 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

BEIJING — Chinese tech giant Baidu on Thursday posted a 3% annual drop in third-quarter revenue, nevertheless beating market expectations amid AI cloud growth. Baidu noted a 12% surge in its non-online marketing revenue to the equivalent of $1.1 billion, mainly driven by its artificial intelligence cloud business. Beijing-based Baidu operates one of the major web browser search engines in China, along with a frequently used maps app. Baidu has promoted its Ernie chatbot as a local alternative to OpenAI's ChatGPT, which isn't available in China. "AI Cloud continued to show healthy and sustainable development in the third quarter," he said in the earnings release.

Persons: Robin Li, Ernie, Baidu, Ernie chatbot, Li, Baidu hasn't, Rong Luo, Apollo Organizations: Baidu, CNBC Locations: BEIJING, U.S, Beijing, China

(Photo by Nicolas Economou/NurPhoto via Getty Images) Nicolas Economou | Nurphoto | Getty Images'That is a huge, huge gap'There is a growing disillusionment taking hold. Men are steadily dropping out of the workforce, especially those between the ages 25 to 54, which are considered their prime working years. A study by the Pew Research Center found that men who are not college-educated leave the workforce at higher rates than men who are. In 1995, both young men and women equally were likely to hold a bachelor's degree, at 25%. "That is a huge, huge gap," Pollak said.

Persons: Donald Trump, Kamala Harris, Nicolas Economou, Pollak, " Pollak, Brett House, —, Richard Fry, Fry, NEFE, Billy Hensley, Hensley, Ali Bustamante Organizations: Republican, Democratic, Getty, Nurphoto, Pew Research Center, Pew, Columbia Business School, CNBC, NEFE, Trump, Financial Wellness, Young, Roosevelt Institute Locations: Washington ,, U.S

☆ Two Sigma's new leaders have made their mark with hundreds of job cuts. Here's what could come next for the $60 billion firm.
▼ + stars: | 2024-11-21 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +3 min

The hedge fund is run by co-CEOs Carter Lyons and Scott Hoffman, who took over for Two Sigma's billionaire cofounders in September. The firm is planning to continue to invest in its core strategies, a person close to the manager said. Related Video How tech layoffs could affect the economyNo portfolio managers were eliminated, a person close to the manager told Business Insider. AdvertisementThe goal is to be more disciplined as the firm grows going forward, the person close to Two Sigma said. AdvertisementIn this light, the latest cuts could be seen as a clean-up of balance sheet bloat — but the person close to the firm said that a listing has not been discussed in any form.

Persons: Carter Lyons, Scott Hoffman, cofounders, cofounders John Overdeck, David Siegel, Lyons, Hoffman, Lazard's Organizations: Sigma, Business, Bloomberg, shepherding Locations: New York

☆ Why Musicians Aren't Making Money: Streaming, Record Labels & TikTok
▼ + stars: | 2024-11-21 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +19 min

Music has always been a business, but streaming, TikTok, inflation, and the ballooning costs of touring have dramatically altered a musician's traditional routes to making money. But a lot has changed since streaming usurped radio play as the kingmaker of a rising musician's career. Even the hitmakers who dominate your "For You" page are getting paid "almost nothing" from TikTok, as one music exec told Billboard. 1 song on TikTok doesn't mean anything in the grand scheme of things," Tinashe's longtime manager, Simonne Solitro, explains. "That's not just me," Violet tells me, "that's literally every single artist I know."

Persons: Raye, Conrad, She'd, Taylor, Taylor Swift, Stone, You've, there's, everybody's, Donald Passman, Kevin Baird, Chris Burnett, Chuck Berry, he'd, it's, —, TikTok, Ariana Grande, JC Olivera, Justin Ayers, Club's Baird, Tayla Parx, she's, Ariana Grande's, It's, Parx, that's, Muni, who's, Rihanna, Kelly Clarkson, Alexis, Long, I'd, Rachel Chinouriri, I've, Chinouriri, Sam Halliday, Alex Trimble, Katy Cummings, Derek Crownover, Loeb, he's, Crownover, Simonne, Tinashe, Tinashe's, Simonne Solitro, Solitro, Normani, aren't Taylor Swift, Jennifer Lopez, Bad Bunny, Shirlaine Forrest, Matt Jelonek, Tessa Violet, hasn't, That's, Violet, Solitro's, Tessa Violet's, Sarah Pardini, Halsey, Adele, Sophie Turner, Florence Pugh, Pugh, jostling Organizations: Spotify, Music, Northern, Cinema, BI, Apple Music, Billboard, Apple, YouTube, BMI, Suns, TaylaMade Inc, Fifth Harmony, Parlophone, Atlas Artists, Ticketmaster, Promoters, BI Social, Capitol Music, Capitol, Columbia, Chartmetric, DMs Locations: Manhattan, British, Northern Irish, TikTok, London, Los Angeles

☆ Wall Street overlooks modest Nvidia guidance, lift price targets ahead of strong Blackwell ramp
▼ + stars: | 2024-11-21 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Investors shouldn't let a smaller-than-expected guidance beat overshadow tailwinds from Nvidia's looming Blackwell graphics processing unit rollout come January. Citi's Atif Malik lifted the firm's price target to $175 and opened a positive catalyst ahead of the consumer electronics show in January. Wells Fargo's Aaron Rakers moved to a $185 price target, reflecting 27% upside from Wednesday's close. Meanwhile, JPMorgan's Harlan Sur lifted his price target to $170 a share, saying that margins should improve toward the mid-70s range in the second half of 2025 as Nvidia streamlines costs. What's next for the stock Despite strong Blackwell expectations, some analysts warn of potential near-term volatility.

Persons: Wall, Blackwell, NVDA, Jefferies, Blayne Curtis, Citi's Atif Malik, Wells, Aaron Rakers, Bernstein's Stacy Rasgon, JPMorgan's Harlan Sur, What's, America's Vivek Arya, Tom O'Malley, Baruah, Cantor, C.J, Muse, Morgan Stanley, Joseph Moore Organizations: tailwinds, Blackwell, Nvidia, America's, Barclays Locations: Nvidia's

☆ Nvidia reversal moves whole stock market higher, proving again its unprecedented influence
▼ + stars: | 2024-11-21 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

There's no denying how important Nvidia is to the stock market. Stock futures followed Nvidia's lead, riding slight losses at the time. In that time, stock futures recovered their earlier losses and were last up around 0.5%. Many firms lifted their price targets on the chipmaker, including Citi, Wells Fargo and Bernstein . Elsewhere Thursday morning on Wall Street, Wells Fargo initiated GE Vernova as overweight, citing growing power demand from artificial intelligence.

Persons: Nvidia's, Wells Fargo, Bernstein Organizations: Nvidia, Barclays, Bank of America, Citi, GE Vernova Locations: Wells Fargo

Gautam Adani, India’s second-richest person, has been charged by U.S. federal prosecutors with fraud on accusations that he and several alleged co-conspirators sought to pay $250 million in alleged bribes to Indian officials. The defendants then “lied about the bribery scheme as they sought to raise capital from U.S. and international investors.”The scheme, according to prosecutors, occurred between 2020 and 2024. Gautam Adani, worth approximately $70 billion according to Forbes, heads the Adani Group, an industrial conglomerate that holds stakes in logistics and energy units. The findings from the short-seller, Hindenburg Research, caused Adani Group shares to tumble — but they ended up recovering following a favorable ruling related to the allegations by India’s Supreme Court. Adani has also received direct support from Indian Prime Minister Narendra Modi, something India’s opposition party has highlighted.

Persons: Gautam Adani, India’s, Attorney Breon Peace, “, Adani’s, Sagar, Forbes, Adani, Narendra Modi, ” Hindenburg, ” Organizations: Attorney’s, “, Attorney, Securities, Exchange Commission, Group, Adani, SEC, Green Energy Ltd, Hindenburg, Adani Group, India’s, Indian Locations: U.S, Brooklyn, United States

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