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☆ Inflation ticked up in November as expected
▼ + stars: | 2024-12-11 | by ( Madison Hoff | ) www.businessinsider.com time to read: +2 min

Inflation increased as expected in November. The Federal Reserve will likely decide to cut interest rates in the last FOMC meeting of the year next week. AdvertisementThe consumer price index increased 2.7% from a year ago as expected, higher than October's 2.6% rate and the highest reading since July, when the rate was 2.9%. jumped, then policymakers at the Federal Reserve will start to look at the US economy with a bit more caution," Colyar said. AdvertisementCME FedWatch showed after the new inflation data was published traders expected a nearly 100% chance of an interest rate cut of 25 basis points next week, up from a nearly 90% chance before the report.

Persons: Matt Colyar, Colyar, Cory Stahle, Stahle Organizations: Federal Reserve, Moody's, Federal

☆ Do your daily habits keep you mentally sharp? Get your ‘brain care score’ in just 5 minutes
▼ + stars: | 2024-12-11 | by ( Renée Onque | ) www.cnbc.com time to read: +2 min

It's called the Brain Care Score. "For example, treating high blood pressure is one of the best ways to prevent both stroke and dementia," Mass General's Brain Care Score overview states. Are you getting at least 150 minutes of moderate physical activity, or 75 minutes of high intensity physical activity per week? A higher Brain Care Score is associated with a lower risk of dementia, depression and stroke, according to a study published in Frontiers in Psychiatry. Last month, a paper printed in the medical journal Neurology supported the associations between a high Brain Care Score and a lower risk of developing brain diseases.

Persons: Jonathan Rosand, Rosand, It's, isn't Organizations: Harvard University, Massachusetts General Hospital, CNBC, Psychiatry, Neurology

☆ CNN Poll: Most Americans approve how Trump is handling his return to the White House
▼ + stars: | 2024-12-11 | by ( Jennifer Agiesta | ) edition.cnn.com time to read: +10 min

Majorities overall express at least some confidence in Trump across seven different issue areas and presidential actions tested in the poll. On other measures with data from 2016, confidence in Trump is largely about the same. Independents’ confidence has also faded, with only 18% expressing a lot of confidence in Trump on appointments, down from 26% in 2016. Independents split 50-50 on Trump’s handling of the transition now, in 2016, they divided 44% approve to 43% disapprove, with 13% unsure. Most Americans (54%), say they disapprove of that decision, while 45% say they approve.

Persons: Donald Trump, White, Trump, Joe Biden’s, Roe, Wade, George W, Bush, Bill Clinton, Ronald Reagan, Elon Musk, Vivek Ramaswamy, Kat Cammack, Anna Moneymaker, Barack Obama, Biden, Clinton, Hunter Biden, Jack Smith, CNN’s Edward Wu, Ariel Edwards, Levy, Henry Gertmenian Organizations: CNN, SSRS, Independents, White, Democratic, Trump, Justice Locations: Trump, Russia, Ukraine, Washington , DC, There’s

☆ These 10 startups are using AI to disrupt healthcare payments as public outrage toward insurers mounts
▼ + stars: | 2024-12-11 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +1 min

Investors are rushing to back startups using AI to automate the complex healthcare billing process. AdvertisementIn the wake of the fatal shooting of UnitedHealthcare's CEO last week, public hostility toward health insurers has reached a boiling point. UnitedHealthcare and other health insurers have come under fire in recent years for using algorithms to deny patient claims, particularly Medicare Advantage claims. Investors are rushing to back startups using AI to help providers, patients, and health plans more accurately and efficiently pay for medical care. AdvertisementThese 10 startups are using AI to automate key parts of healthcare's complex billing process, from prior authorization to claims adjudication.

Persons: Brian Thompson, Luigi Mangione Locations: Manhattan

☆ Shares in fashion giant behind Zara and Massimo Dutti plunge as it reports disappointing sales growth
▼ + stars: | 2024-12-11 | by ( Nora Redmond | ) www.businessinsider.com time to read: +2 min

Inditex sales grew 9% in five weeks to December 9, the start of the traditional holiday shopping period. Shares fell over 7% on Wednesday off the back of the results, which missed analyst expectations. Analysts at Deutsche Bank called the results "disappointing" in a note to clients. AdvertisementShares in the Madrid-listed fashion giant — which also owns Bershka and Massimo Dutti — dropped as much as 7% on Wednesday after it missed analyst estimates. Net income rose 8.5% to €4.4 billion ($4.62 billion) in the nine-month period, falling below the €4.52 billion ($4.74 billion) forecast by analysts.

Persons: Massimo Dutti —, James Grzinic, Zara, Louis Vuitton, Christian Dior —, Kering, Saint Laurent — Organizations: Deutsche Bank, Jefferies, Louis, Gucci Locations: Madrid, Zara

☆ On Social Media, the Myth of Luigi Mangione Preceded the Man
▼ + stars: | 2024-12-11 | by ( Scott Nover | ) www.businessinsider.com time to read: +5 min

But with Luigi Mangione, the lead suspect in the murder of UnitedHealthcare CEO Brian Thompson, that process was reversed. Within hours of the shooting, social media was churning out a mythologized version of the masked man. That didn't stop the denizens of social media from pretending to be the most qualified people to lay out exactly who Mangione is. But social media has sped up the assumption cycle to the point where we put the killer into a category before police have found the killer. He is a contributing writer at Slate and was previously a staff writer at Quartz and Adweek covering media and technology.

Persons: Luigi Mangione, Brian Thompson, Robin Hood, Jake Gyllenhaal, Timothée, —, Ezra Klein, podcaster Joe Rogan, Alexandria Ocasio, Peter Thiel maligning wokeism, Donald Trump, Joe Biden, Charli XCX, Ayn Rand, Mangione, Marilyn Manson, Rammstein, Jonathan Haidt, it's, he's, Zer, Scott Nover Organizations: Ivy League, CIA, Boston Marathon Bomber, rockstar Locations: America, New York City, Washington, Alexandria, Cortez, Washington , DC

☆ They bought an $800 AI robot for their kids. Now the company is shutting down — and children are having to say goodbye.
▼ + stars: | 2024-12-11 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +5 min

The Moxie AI robot cost $800 and was marketed to parents to help teach children social skills. Moxie, an AI-powered toy robot aimed at preschoolers and other children, is shutting down — leaving parents in the position of having to explain that a beloved companion is going away. Related Video The surprising reason millennial parents are miserableWhen the Moxie robot launched in 2020, it cost $1,500 (later reduced to $800). AdvertisementHeather Frazier bought a Moxie toy five months ago for herself because she was curious. Incidentally, Musk's ex-partner Grimes has her own AI robot toy company called Grok — which isn't related to Musk's Grok.

Persons: —, Moxie, Simon Says, Carlos Rosaly, Rosaly, I've, Heather Frazier, Teddy Ruxpin, Frazier, Frazier isn't, Elon, Musk's, Grimes, Paolo Pirjanian, Pirjanian Organizations: Business

☆ A celebrity personal trainer thought she had to do intense cardio to see results. Now, she strength trains and walks instead — and looks and feels better.
▼ + stars: | 2024-12-11 | by ( Rachel Hosie | ) www.businessinsider.com time to read: +6 min

The personal trainer Sana Shirvani used to regularly do intense workouts and restrict her diet. She ended up burned out, so shifted her focus to strength training and eating a balanced diet. Personal trainer Sana Shirvani learned the hard way that pushing her body more and more doesn't yield better results. Research shows that strength training is crucial for healthy aging as it helps combat age-related muscle and bone density loss. "You can still reap those benefits with two or three weekly strength training sessions," she said.

Persons: Sana Shirvani, Shirvani, Halle Bailey, Fred Ellis Low, Fred Ellis, She's, she's, they've, That's Organizations: Research Locations: LISS

☆ Auto giants endured a torrid time of it this year — and few expect 2025 to be much better
▼ + stars: | 2024-12-11 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +6 min

Jens Schlueter | Afp | Getty ImagesA perfect storm of challenges for the European automobile industry shows no sign of letting up, analysts say. It is against this backdrop, analysts say, that the industry will be bracing for a bumpy ride next year. What next for Europe's car giants? We expect more noise of potential policy implications in the US, further restructuring announcements in Europe, muted demand ex China and pricing to soften," they added. It was hoped at the time that the new models could represent a turning point for the region's auto industry.

Persons: Jens Schlueter, Julia Poliscanova, Poliscanova, Environment's Poliscanova, France's, I'm, Rico, Rico Luman, Luman Organizations: Volkswagen, VW, Works, Afp, Getty, Transport, Environment, CNBC, European Automobile Manufacturers ' Association, BMW, Ferrari, Renault, Volvo, EU, European, Mercedes, Stellantis, France's Renault, ING Milan, Deutsche Bank, Rico, ING, Europe's, Paris Locations: Zwickau, Germany, China, Europe, Rico Luman, Munich, U.S, Shenyang, China's, Liaoning

☆ Mark Gastineau: Former Jets pass rusher confronts Brett Favre about controversial NFL sack record grudge
▼ + stars: | 2024-12-11 | by ( Ben Morse | ) edition.cnn.com time to read: +4 min

CNN —Former New York Jets pass rusher Mark Gastineau says Brett Favre “hurt” him after he confronted the Pro Football Hall of Fame quarterback about the controversial NFL sack record grudge involving the two of them. Al Bello/Getty Images“When you fell down for (Strahan),” Gastineau said to Favre after the Green Bay legend tries to shake his hand and says he recognizes Gastineau. I realize now the potential financial implications because football is far more business-oriented than when me or Mark played. I hope this controversy brings attention to just how great Mark Gastineau was. Gastineau played his entire 10-year NFL career with the Jets before playing a season with the BC Lions in Canada.

Persons: Mark Gastineau, Brett Favre “, ”, Gastineau, Michael Strahan, Favre, Strahan, Al Bello, ” Gastineau, “ I’m, ” Favre, “, Brett, Brett Favre, ade, eason Organizations: CNN, Former New York Jets, Pro Football Hall of Fame, NFL, New York Giants, Green Bay Packers, ESPN, The, York Sack Exchange, New, New York Jet, ard, ust Locations: York, Strahan, New York

☆ Barclays downgrades homebuilders, says stocks can't continue to 'defy gravity'
▼ + stars: | 2024-12-11 | by ( Pia Singh | In | ) www.cnbc.com time to read: +3 min

"As homebuilding's utopia looks increasingly out of reach, we no longer expect builders to defy gravity," analyst Matthew Bouley wrote in a Wednesday note. Each of those stocks has been under pressure this quarter as investors adjust their expectations for lower Federal Reserve interest rates. On top of that, the incoming Trump administration could impose tariffs on a bevy of imported materials used by homebuilders, which could also make it harder for the central bank to lower rates. Unless interest rates take a sustainable path lower, Bouley said the rise in new and existing home inventory will put downward pressure on home prices. Bouley kept his $170 price target on D.R.

Persons: Lennar, Matthew Bouley, Horton, DHI LEN, PHM, Trump, Bouley, David Auld Organizations: Barclays, of Labor Statistics, KB Locations: Horton, U.S

☆ Inflation heated up last month as consumer prices rose 2.7%, underscoring the slog ahead
▼ + stars: | 2024-12-11 | by ( Alicia Wallace | ) edition.cnn.com time to read: +2 min

On a monthly basis, prices rose by 0.3% after rising 0.2% for the prior four months. Economists were expecting inflation to pick up by 0.2% from October and record a 2.7% annual increase, primarily due to unfavorable comparisons from a year ago and stubborn housing-related inflation. However, in November, shelter-related costs weren’t the primary driver for the monthly increase: Shelter prices rose 0.3% for the month, accounting for nearly 40% of the overall gain. Instead, a big push came from food (up 0.4%) and energy prices, which rose 0.2% — the category’s first increase in six months. Core CPI rose 0.3% for the fourth consecutive month, holding firm at 3.3%, where it’s been since September.

Persons: they’re, it’s, “, ” Josh Hirt, ” Organizations: CNN, Federal Reserve, Bureau of Labor Statistics, Vanguard

☆ A blue state could provide an early test for the Trump coalition: From the Politics Desk
▼ + stars: | 2024-12-10 | by ( The Politics Desk | ) www.nbcnews.com time to read: +10 min

In today’s edition, national political correspondent Steve Kornacki breaks down how New Jersey could provide an early test for Donald Trump's coalition. A blue state could provide an early test for the Trump coalitionBy Steve KornackiOne of the biggest gains Donald Trump notched this year came in what has been one of the bluest states in the country: New Jersey. Increased Hispanic support for Trump has also made the state’s largest city, Newark, somewhat less of a vote bank for Democrats. Read more →Senate Minority Leader Mitch McConnell, 82, is recovering from minor injuries after falling following Senate Republicans' weekly lunch on Tuesday, his office said. Read more →A growing band of younger, more energetic House Democrats is challenging seasoned veterans for powerful congressional posts, upending the party’s long-standing practice of deference to seniority.

Persons: Steve Kornacki, Donald Trump's, Sahil Kapur, Donald Trump, Kamala Harris, Joe Biden, Trump, that’s, It’s, Andy Kim overperformed Harris, Harris, Kim, ” Trump, Kristen Welker, “, ”, Trump’s, Republicans didn’t, John Thune, everything’s, Mike Rounds, Angus King, didn’t, Dick Durbin, I’m, ” Durbin, Bennie Thompson, Read, ️, Justin T Organizations: NBC, White House, Capitol, Trump, State, Asian American, Arab American, Democrats, Senate, Republican, Press, Republicans, House Locations: New Jersey, Newark, Palisades Park, North Jersey, Lakewood, Israel, U.S, Passaic, Sens, Maine

Recently, Olaplaex sent me its No.5 Moisturize & Mend Leave-In Conditioner, a formula that sounded like it could reset my frizz-prone, dehydrated hair. SKIP AHEAD How I tried Olaplex’s No.5 leave-in conditioner | My experience with the No.5 Moisturize & Mend Leave-In Conditioner | Who is Olaplex’s leave-in conditioner best for? What is Olaplex’s No.5 Moisturize & Mend Leave-In Conditioner? Olaplex products, including its No.5 Moisturize & Mend Leave-In Conditioner ($32) work at a molecular level to repair damage, lock in hydration and protect it from moisture loss. Who is Olaplex’s No.5 leave-in conditioner best for?

Persons: I’ve, Olaplaex, Olaplex, mends, Michelle Rostamian, It’s, Seltzer, Michelle, I’m, you’re, Eva, TikTok Organizations: NBC, TSA, Facebook, Twitter

Mike Rounds, R-S.D., and Angus King, I-Maine, cut a bipartisan deal to give Dreamers legal status while giving Trump money for his border wall, Trump’s White House successfully fought to kill the deal because it didn’t also curtail family-based immigration. Cornyn noted that any such bipartisan deal would take a backseat to border security and enforcement, which Republicans are making plans to provide funding for in a big party-line bill early next year. “Last term, President-elect Trump walked away from four different bipartisan compromises with Democrats to solve the DACA crisis. Last year, Trump successfully fought to sink a bipartisan deal to toughen border security as he campaigned on the issue. When asked if protecting Dreamers is “amnesty,” Kennedy echoed a famous dodge used by former President Bill Clinton.

Persons: WASHINGTON, Donald Trump, ” Trump, Kristen Welker, “, ”, Trump’s, Republicans didn’t, John Thune, everything’s, ” Sen, John Cornyn, Trump, ” Cornyn, Mike Rounds, Angus King, didn’t, Cornyn, he’s, Dick Durbin, I’m, ” Durbin, Sen, Brian Schatz, “ He’s, Rick Scott, John Kennedy, he’s “, who’ve, ” Kennedy, Bill Clinton, Kennedy, Clinton Organizations: NBC, Press, Democrats, Republicans, Committee, NBC News, Trump, House, ., Democratic Locations: Texas, U.S, Sens, Maine, ”, Hawaii, . Sen, “

SKIP AHEAD Best exercise bikes to shop | How to buy the best stationary bike for you | What about Peloton? : Exercise bikes typically have a weight limit for users — our options can hold at least 270 pounds. Warranty: For higher-end exercise bikes, our experts recommend looking for at least a one-year warranty. The best exercise bikes to shop in 2024Listed below are highly rated and expert-recommended exercise bikes at various price points that align with our experts’ guidance. Maybe you want to easily adjust the bike’s resistance, move its handlebars or just need something quiet for nighttime sweats.

Persons: —, ”, Eric Ridings, Zach Moxham, “, it’s, Angelina Palermo, It’s, Ashley Morris, Godio, TikTok Organizations: NBC, Health, Sunny Health, Walmart, Schwinn, ” Ridings, Bluetooth, Ridings, USA Cycling, Facebook, Twitter Locations: Chicago, “, New York City

☆ The Fed slashed interest rates, but some credit card APRs aren’t going down. Here’s why
▼ + stars: | 2024-12-10 | by ( Jessica Dickler | Jessica Dickler Is A Personal Finance Writer For Cnbc. | ) www.nbcnews.com time to read: +4 min

It follows that credit card rates spiked along with the Fed’s string of 11 rate hikes starting in March 2022. But when the Fed started slashing interest rates in September, with an initial cut of half a percentage point, the average credit card interest rate fell by just 0.13%. For some retail credit cards, interest rates are still rising. The average retail card rate increased by more than a full percentage point over the past year, according to Bankrate. McBride advises consumers against signing up for a store credit card with a high rate during the peak shopping season.

Persons: ”, Greg McBride, ” McBride, Matt Schulz, LendingTree’s, ” Schulz, McBride, Cardholders Organizations: Federal, Fed, CNBC, Consumer Financial, Federal Reserve Bank of New Locations: Federal Reserve Bank of New York

☆ How tech's right-wing elite made 'debanking' claims into a political rallying point
▼ + stars: | 2024-12-10 | by ( David Ingram | David Ingram Is A Tech Reporter For Nbc News. | ) www.nbcnews.com time to read: +15 min

There is no guaranteed right to banking services, and Andreessen and Musk both have a history of making inflammatory political statements. Last week, in a victory for the crypto industry, Trump said he would appoint the venture capitalist David Sacks, an industry ally, as his “White House A.I. Tom Williams / CQ-Roll Call via Getty Images fileTrump during the campaign wooed crypto industry support in part by talking about debanking. Still, his comment prompted others to share personal stories about losing access to banking services with no explanation and despite having good credit. At least one bank industry trade group says debanking is a real issue — and one that’s caused by government regulators’ pressure.

Persons: Elon Musk, Marc Andreessen, Biden, debanked, ”, Joe Rogan, ” —, Musk, JPMorgan Chase, Donald Trump, Andreessen Horowitz, debanking, Rohit Chopra, Joe Biden, Trump, David Sacks, ” Sacks, Paul Atkins, Tom Williams, they’ve, Melania Trump, “, wouldn’t, Barron Trump, Donald Trump Jr, Ritchie Torres, cryptocurrency, they’d, ” Marisa Coppel, Rogan, Andreessen, Sid Kalla, Kalla, ” Kalla, Chase, Jamie Dimon, It’s, Sen, Kevin Cramer, ” Cramer, ” Donald Trump, Justin Sullivan, it’s, Obama, Sam Bankman, Paul Grewal, ’ ”, Banks Organizations: Netscape, Treasury Department, JPMorgan, Consumer Financial Protection Bureau, ”, debanking, The Free Press, PayPal, Securities and Exchange Commission, Republican National Convention, Getty, Trump, White House, Blockchain Association, Roll Labs, Turing Holdings, Chase, Labs, Bank Policy Institute, FBI, North Korean, Banking Act, NBC News, Justice Department, Federal Reserve, Federal Deposit Insurance Corp, FDIC, “ Locations: U.S, North Korea, Milwaukee, Nashville , Tennessee, America, New York, Brooklyn Heights, paychecks, North Dakota, Fargo, N.D

A torture device discovered at Saydnaya prison in Damascus on Monday. Clothing strewn across the floor of a cell inside the Saydnaya prison as a Syrian man awaits news about an imprisoned relative Monday. The dynasty built and operated a network of detention centers scattered across Syria, according to the human rights group Amnesty International. The Human Rights Data Analysis Group, an independent scientific human rights organization based in San Francisco, has counted at least 17,723 people killed in Syrian custody from 2011 to 2015 — around 300 every week — almost certainly a vast undercount, it says. Syrians wait for news Monday about their relatives incarcerated at Saydnaya prison.

Persons: Assad, nooses, Emin Sansar, Bashar al, AnadoluAnagha Subhash Nair, —, Abdulaziz Ketaz, Saydnaya, Hafez Assad, Getty Images Hafez Assad, Richard Engel, Gabe Joselow, Alexander Smith Organizations: NBC, Getty, Anadolu, NBC News, Amnesty International, Amnesty, Getty Images, United Nations Locations: DAMASCUS, Syria, Syria’s, Damascus, Anadolu, Saydnaya, AFP, San Francisco, London

☆ Jamie Foxx reveals 'mystery illness' that left him hospitalized for weeks in new Netflix special
▼ + stars: | 2024-12-10 | by ( Scott Stump | ) www.nbcnews.com time to read: +7 min

Jamie Foxx has opened up in a new Netflix special about the illness that left him hospitalized last year and unable to remember a 20-day period from April to May 2023. Here’s what Jamie Foxx shared about his health during his new Netflix special. Jamie Foxx in 2023. Yes, Jamie Foxx had a stroke in April 2023. He revealed in his Netflix special, released December 2024, that he had suffered a brain bleed, which led to a stroke.

Persons: Jamie Foxx, Foxx, ”, Corinne Fox, Corinne Foxx, Anelise Bishop, Deidra Dixon, Anelise, Jamie Foxx’s, Glenn Close, Cameron Diaz, “, Joe Maher, ” Foxx, …, it’s, Dixon, Foxx’s, you’re, ’ ” Foxx Organizations: Netflix, Hospital, Los Angeles Lakers, Cleveland Clinic, U.S . Centers for Disease Control Locations: Chicago, ”, Atlanta

☆ NFL playoffs: The strengths and flaws that could define each Super Bowl contender
▼ + stars: | 2024-12-10 | by ( Andrew Greif | Andrew Greif Is A Freelance Sports Journalist. | ) www.nbcnews.com time to read: +9 min

Worst potential fatal flaw: They can’t keep playing with fire like this and continue getting away with it ... right? Buffalo Bills (10-3)Best potential playoff asset: Quarterback Josh Allen, who during the past two weeks produced stat lines never before seen in NFL history. Worst potential fatal flaw: The offensive line has allowed Stroud to be sacked at one of the NFL’s highest rates. Minnesota Vikings (11-2)Best potential playoff asset: Like Kansas City, Minnesota has found ways to win late, experience that can’t be discounted. Washington Commanders (8-5)Best potential playoff asset: The Commanders rarely turn the ball over, though that has slightly changed recently.

Persons: Vince Lombardi, Patrick Mahomes, Mahomes, Josh Allen, Allen, Mike Tomlin, Russell Wilson, Kansas City — they’ll, Wilson, Tomlin, hasn’t, C.J ., Nico Collins, Stroud, Lamar Jackson, Zay, Derrick Henry, Henry, he’s, Justin Tucker’s, Ben Johnson, Dan Campbell’s, Saquon Barkley, Brown, Kevin O’Connell, Sam Darnold’s, — Darnold, Brian Flores, Jordan Love, Washington’s, Jayden Daniels Organizations: Kansas City Chiefs, Chiefs, AFC Kansas City Chiefs, Los Angeles Chargers, of Famer, Buffalo Bills, Bills, Los Angeles Rams, Rams, Kansas City, Pittsburgh Steelers, Steelers, Houston Texans, Texans, Baltimore Ravens, Ravens, NFL, NFC Detroit Lions, Lions, Philadelphia Eagles, Eagles, Minnesota Vikings, Vikings, Green Bay Packers, Packers, Washington Locations: Buffalo, Kansas, takeaways, Philadelphia, Baltimore, C.J . Stroud, Pittsburgh, Kansas City , Minnesota

☆ New York AG refuses Trump's demand to drop business fraud case
▼ + stars: | 2024-12-10 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +3 min

Shannon Stapleton | ReutersThe New York Attorney General's Office on Tuesday rejected a demand from Donald Trump's lawyer to drop the massive civil business fraud case that has put the president-elect on the hook for more than $480 million in fines. But there is "no merit" to that claim, Vale wrote Tuesday. And Trump's upcoming inauguration, she wrote, "has no bearing" on the outcome of the trial or his ongoing efforts to challenge the judgment. The decision by special counsel Jack Smith to dismiss his two federal cases against Trump, and the move to indefinitely delay Trump's criminal hush money case, "are irrelevant here," Vale wrote. New York Attorney General Letitia James sits in the courtroom during the civil fraud trial of former President Donald Trump and his children at New York State Supreme Court on November 03, 2023 in New York City.

Persons: Donald Trump, Letitia James, Shannon Stapleton, Donald Trump's, Judith Vale, Trump, John Sauer, Sauer, Vale, Kamala Harris, Jack Smith, James, Arthur Engoron, David Sanders Organizations: U.S, Trump Organization, New York, Supreme, Fox News, Trump, Manhattan, NY, Court, Getty Locations: Manhattan, New York City, U.S, , New York County

☆ UPS is a buy as inflation moderates, BMO Capital Markets says in upgrade
▼ + stars: | 2024-12-10 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +2 min

United Parcel Service could benefit from lower interest rates as inflation eases, according to BMO Capital Markets. Analyst Fadi Chamoun upgraded shares to outperform from market perform. The U.S. central bank is expected to cut rates again next week by 0.25 percentage point, as inflation approaches the Fed's 2% goal. UPS YTD mountain UPS in 2024 Inflationary pressures on UPS' unit costs are also easing, per Chamoun. Of the 32 who cover UPS, 15 have a buy or strong buy rating, while another 14 rate it as a hold, according to LSEG data.

Persons: Fadi, Chamoun Organizations: Parcel Service, BMO Capital Markets, Federal Reserve, UPS, Network of, Transports Locations: Monday's, U.S

☆ GM halts funding of robotaxi development by Cruise
▼ + stars: | 2024-12-10 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +3 min

General Motors will no longer fund its Cruise division's robotaxi development, the company said on Tuesday. GM said it plans to instead "realign its autonomous driving strategy" to focus on advanced driver assistance systems and autonomous systems for use in personal vehicles. The decision to halt its emerging robotaxi service came after collisions, a clash with regulators and the suspension of permits that allowed it to operate a robotaxi ride hailing service in California. At that point, Cruise began to focus on using the next-generation Chevrolet Bolt for development of its autonomous vehicles. SoftBank-funded Wayve is testing its autonomous vehicles in San Francisco, and Amazon-owned Zoox is also testing its autonomous vehicles, which do not feature steering wheels, in several U.S. cities including San Francisco.

Persons: Cruise, Mary Barra, Paul Jacobson, Jacobson, Waymo, Tesla, Elon Musk, — CNBC's Michael Wayland Organizations: Motors, Detroit, GM, Cruise LLC, Cruise, Miami Locations: Cruise, U.S, California, Miami, Texas, San Francisco

☆ This is the best time of year to buy a used car — wait for Memorial Day, and you'll miss it
▼ + stars: | 2024-12-10 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +2 min

If you're in the market for a used car, the best time of the year to buy one is fast approaching. New Year's Eve and New Year's Day are the best days of the year to buy a used car, because there are 47.9% more deals than average, according to a new analysis by iSeeCars, a search engine for used cars. To determine the best and worst times of the year to buy a used car, the site examined 39 million used car sales from 2023 and 2024. In the third quarter of 2024, used vehicle prices dropped to an average $27,177, down 6.2% from $28,960 a year prior, the car shopping site found. Here's what you need to know if you're in the market for a used car, according to experts.

Persons: Karl Brauer, Brauer, iSeeCars, APRs, Ivan Drury Organizations: iSeeCars, Finance Locations: Edmunds

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