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☆ Opinion | If Anyone Can Save the Democrats, It’s Ben Wikler
▼ + stars: | 2024-12-02 | by ( Michelle Goldberg | ) www.nytimes.com time to read: +2 min

Over coffee with Ben Wikler, chair of the Wisconsin Democratic Party, this summer, I was talking about my own unproductive tendency toward political despair, and my recurrent fantasies of moving abroad to give my kids a start in a less cruel country. I was reminded of this conversation when I spoke to Wikler on Sunday, after he’d announced that he was running for Democratic National Committee chair. But while Wikler admitted to the same anxiety many of us are feeling, he sounded animated, almost cheerful. The front-runner is reportedly Ken Martin, head of Minnesota’s Democratic-Farmer-Labor Party, mostly because he’s a consensus choice. “If he wins, the party won’t be electing him as a force of personality, but as a safe pair of hands,” wrote Politico.

Persons: Ben Wikler, Wikler, he’d, I’ve, Donald Trump, ”, “ I’m, who’ve, Ken Martin Organizations: Wisconsin Democratic Party, Democratic National Committee, Democratic Party, Minnesota’s Democratic, Farmer, Labor Party

☆ Roth MKM upgrades Tesla, citing Musk's support for Trump boosting brand enthusiasm
▼ + stars: | 2024-12-02 | by ( Pia Singh | In | ) www.cnbc.com time to read: +3 min

Analyst Craig Irwin upgraded Tesla shares to buy and increased his price target on the stock to $380 from $85. Tesla shares are up roughly 42% year to date, marking a massive turnaround since President-elect Donald Trump won the U.S. presidential election and strengthened his ties with Tesla CEO Elon Musk . "Musk's authentic support for Trump likely doubled Tesla's pool of enthusiasts and lifted credibility for a demand inflection. He believes Tesla's domestic EV market share could rise back above 50% in the near term. The company's market share had fallen to 48.2% in the third quarter, he said.

Persons: Tesla, Roth MKM, Craig Irwin, Donald Trump, Elon Musk, Trump, Irwin, Telsa, Joe Biden, Roth, FactSet Organizations: U.S, Trump, Tesla, EV

☆ AI and semiconductors: China hits out at latest US effort to block Beijing’s access to chip technology
▼ + stars: | 2024-12-02 | by ( Juliana Liu | Sean Lyngaas | ) edition.cnn.com time to read: +3 min

Chinese leader Xi Jinping has made self-sufficiency a major pillar of his economic strategy to make China a tech superpower. On Monday, the US Commerce Ministry announced curbs on the sale of two dozen types of semiconductor-making equipment and restrictions on numerous Chinese companies from accessing American technology. China’s Commerce Ministry condemned the move, accusing the US of “abuse” of export controls and posing “a significant threat” to the stability of global industrial and supply chains. ‘Strongest ever’ controlsSenior US officials have also accused China of outright stealing American-made AI software, which Beijing denies. Last October, the Commerce Ministry reduced the types of semiconductors that American companies can sell to China, citing the desire to close loopholes in regulations announced in 2022.

Persons: Biden, Donald Trump, Xi Jinping, China’s, “, Gina Raimondo Organizations: Washington CNN, US Commerce Ministry, China’s Commerce Ministry, Communist Party, ‘ Strongest, Commerce Ministry, Trump, China Construction Bank Locations: China, Hong Kong, Washington, Beijing, Taiwan, People’s Republic of China, ICBC

☆ Here's what the rise of homeowners associations means for buyers
▼ + stars: | 2024-12-02 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +4 min

Sturti | E+ | Getty ImagesWhen shopping for a home, many buyers may hope to avoid purchasing a property subject to a homeowners association. In 1970, there were 10,000 community associations with about 2.1 million residents, per the Foundation. The entity is an affiliate organization of Community Associations Institute, a membership group for HOAs and other community organizations. HOA membership is more common in some areas. About 60% of surveyed homeowners reported having a positive experience with their community, according to Frontdoor.

Persons: Thomas M, Skiba, Steve Horvath, Frontdoor Organizations: Finance, Census, Foundation for Community Association Research, Community Associations Institute, CNBC, HOA, American National Bank of Texas Locations: U.S, HOA, an, homebuyers, HOAs, Florida, HOA United

☆ Is health and wellness the next big business opportunity for Asia Pacific?
▼ + stars: | 2024-12-02 | by ( Sponsored Herbalife | ) www.businessinsider.com time to read: +6 min

By Thomas Harms, senior vice president and managing director, Asia Pacific, HerbalifeIn Asia Pacific, the entrepreneurial spirit is thriving as many individuals, from Generation Zs to the Boomers, aspire to own their own businesses. More than three in five (63%) aspiring entrepreneurs in Asia Pacific also plan to start a small business in the next 18 months. While the shifting consumer spending trends reveal a clear potential for growth, will the health and wellness sector present a new wave of business opportunities for Asia Pacific? Growing focus on health and wellness in Asia PacificEarlier this year, Herbalife surveyed 8,000 respondents across 11 markets for the Asia Pacific Business of Wellness Survey. Health and wellness a bright spot for aspiring entrepreneursThe health and wellness industry presents a significant growth opportunity for aspiring entrepreneurs, making the future of entrepreneurship in the region look promising.

Persons: Thomas Harms, Zs, Herbalife Organizations: Boomers, Asia, Healthcare, Bain & Company, Asia Pacific, of Wellness Survey, Bain, Company's, Health, Insider Studios Locations: Asia Pacific, Herbalife, Asia

☆ In an all-hands meeting, Intel's new leaders emphasized outgoing CEO Pat Gelsinger's 'personal decision'
▼ + stars: | 2024-12-02 | by ( Helen Li | Emma Cosgrove | ) www.businessinsider.com time to read: +7 min

AdvertisementIntel CEO Pat Gelsinger is out of the top spot after a challenging 4-year tenure. On Monday morning, Intel employees joined an all-hands meeting after receiving an email invite at 5 a.m. PT. Being CEO of Intel was Pat Gelsinger's dream since he joined the company as a teenager in 1979. But no one at the top has the technical expertise of Gelsinger, which Intel employees pointed out in their questions. No one has been a closer witness to this roller coaster than Intel employees, who have seen multiple waves of layoffs and buyouts.

Persons: Pat Gelsinger, David Zinsner, Michelle Johnston Holthaus, unravels ChatGPT, isn't, Pat Gelsinger's, Alvin Nguyen, Forrester, Gelsinger, Zisner, Holthaus, Intel's, Edward Jones, Said, Frank Yeary, Bernstein, Vivek Arya, Daniel Newman, Logan Purk, Pat, Emma, ecosgrove Organizations: Intel, Bloomberg, Department of Commerce, Nvidia, Gaudi, Bank of America

☆ Middle Manager Hiring Has Plunged, and Those Jobs May Never Come Back
▼ + stars: | 2024-12-02 | by ( Aki Ito | ) www.businessinsider.com time to read: +9 min

But here's the thing: It's not just that tens of thousands of middle managers have lost their jobs. But hiring had plunged by 43% for middle managers and 57% for senior leaders. But it's unclear whether getting rid of middle managers actually made companies run more efficiently. But study after study found that when middle managers do their jobs right, they bolster performance more than either top executives or ground-level employees. Companies are already discovering that having few middle managers is placing an enormous strain on their operations.

Persons: they've, Mark Zuckerberg, Andy Jassy, Elon Musk, —, we've, I've, What's, they'd, They're, Rick, I'm, Zuckerberg, There's, they're, Zers, Aki Ito Organizations: Citi, Amazon, Revelio Labs, Supervisors, Data Technologies, Business Locations: Domino's

☆ UK annual house prices rise by most in two years, Nationwide says
▼ + stars: | 2024-12-02 | by ( ) www.cnbc.com time to read: +2 min

British house prices rose in November at the fastest annual pace since November 2022, according to data from mortgage lender Nationwide on Monday that added to signs of resilience in the property sector despite higher borrowing costs. Annual prices rose 3.7% in November, and rose 1.2% on a monthly basis, Nationwide said. Other measures of Britain's housing market have also shown momentum picking up. Figures from the Bank of England last week showed lenders approved the most mortgages for house purchases since August 2022. Gardener expects the housing market to continue to strengthen in the coming months.

Persons: Robert Gardner, BOE, Gardener, Keir Starmer's Organizations: Nationwide, Bank of England, Keir Starmer's Labour Locations: Guildford, England, British

☆ It's not going to get any easier to buy a house in the next 2 years, economist says
▼ + stars: | 2024-12-02 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

AdvertisementThe housing affordability crisis will persist through 2026 due to rising home prices and higher mortgage rates. High mortgage rates are driven by Donald Trump's expected inflationary policies, limiting the Federal Reserve's rate cuts. Thomas Ryan, an economist at Capital Economics, said the two driving factors behind the housing affordability crisis — high prices and high mortgage rates — are likely to continue moving higher through the next two years. Ryan estimates that the average 30-year fixed mortgage rate will hover around 7% for much of 2025 and likely not dip to 6% until the end of 2026. "With borrowing costs elevated, house prices at all-time highs, and inventory scarce, it is no wonder that households are downbeat about home buying," Ryan said.

Persons: Donald Trump's, Thomas Ryan, Ryan, Freddie Mac Organizations: Capital Economics, Federal, University of Michigan's Locations: America

☆ Who is Kash Patel, Trump’s pick for FBI director?
▼ + stars: | 2024-12-02 | by ( Jack Forrest | ) edition.cnn.com time to read: +10 min

CNN —Kash Patel, Donald Trump’s pick to lead the FBI and an ardent supporter of the president-elect, has vowed to help dismantle the same organization he’s poised to lead. The FBI director must also be confirmed by the Senate, where members are already bracing for how they’ll navigate a slew of unorthodox Trump selections. As of late last week, some close to Trump believed it was a “toss-up” between Patel and Missouri Attorney General Andrew Bailey as to whom the president-elect would pick for FBI director, according to a source familiar with the discussions. Trump briefly floated Patel as a potential replacement for then-CIA Director Gina Haspel, whom he had considered firing after the 2020 election. Patel was also put in charge of the Pentagon transition effort for Trump’s first term, overseeing coordination with the incoming Biden-Harris administration.

Persons: CNN — Kash Patel, Donald Trump’s, he’s, Christopher Wray, Trump, Andrew Bailey, Patel, ” Patel, Shawn Ryan, Steve Bannon, “ We’ve, ”, Joe Biden, — we’re, Bill Barr, Patel “, Democratic Sen, Dick Durbin, Chris Murphy, Patel’s “, Donald Trump, Chuck Grassley, Wray, “, Washington Patel, Devin Nunes, Nunes ’, Christopher Miller, Gina Haspel, Harris, “ Hillary Queenton, King Donald, Sleepy Joe, MAGA King ”, Kash —, Patel —, Jim Jordan’s, Kash, Russell Vought, CNN’s Zachary Cohen, Holmes Lybrand, Evan Perez, Kristen Holmes, Morgan Rimmer, Jalen Beckford Organizations: CNN, FBI, Trump, Senate, Our Democracy, Big Tech, Justice Department, Democratic Party, White, Government, DOJ, Democratic, Committee, Department of Justice, ”, University of Richmond, Pace University School of Law, Dade, Southern District of, National Security Division, ISIS, Department of Defense, Operations Command, New York Times, Republican, House Intelligence, Foreign Intelligence, National Security Council, Biden, National Archives, Trump Media Technology Group, Center, Management Locations: Washington, Patel, Missouri, Washington ,, Trump’s, Florida, New Yorker, Miami, Dade County, Southern District, Southern District of Florida, al Qaeda, Benghazi, Libya, Russia, America

☆ Playing Lululemon ahead of earnings with a stock substitution options strategy
▼ + stars: | 2024-12-02 | by ( Michael Khouw | ) www.cnbc.com time to read: +6 min

Sine that initial call, Lulu shares gained about 7% through last Friday, versus a 4% total return of the S & P 500 and flat performance for Nike. Right now, the options market implies a about a $30 move in the stock price, higher or lower, by the end of this week. Rather than continuing to hold the stock, an investor looking for slightly less risk could use a stock substitution strategy through earnings. The trade: Stock substitution strategy A stock substitution strategy is an investment approach that uses options instead of directly holding shares of a stock. An options structure can also reduce the maximum potential loss if the underlying stock's price falls significantly.

Persons: Lululemon, LULU, Lulu, Armour, LULU Jan Organizations: Nike, Adidas, VF Corp, CNBC, NBC UNIVERSAL Locations: Sine

☆ LTK co-founder Amber Venz Box on the rise of live shopping
▼ + stars: | 2024-12-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLTK co-founder Amber Venz Box on the rise of live shoppingAmber Venz Box, LTK co-founder and president, joins 'Squawk Box' to discuss the rise of live shopping on social media platforms, the company's commission structure, and more.

Persons: Amber Venz, Venz, LTK

☆ December is typically a good month for stocks, and technicians expect another good one this year
▼ + stars: | 2024-12-02 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

The final month of the year is typically a good month for the stock market. The S & P 500 could rise to about 6,081, from where it closed last week at 6,032.38. That means the S & P 500 would top 6,100, according to Johnson, who sees small-cap and midcap stocks as primary beneficiaries of the broadening rally. This means the S & P 500 could end the year around 6,140. On average, the S & P 500 gains 1.6% during this period.

Persons: Craig W, Johnson, Piper Sandler, SPX, Oppenheimer's Ari H, Wald, CFRA's Sam Stovall, Roth, JC O'Hara, Santa Claus, bode, Jonathan Krinsky Organizations: Dow Jones Industrial, Dow Locations: Santa

☆ Dollar faces crunch week for U.S. rates, yen holds gains
▼ + stars: | 2024-12-02 | by ( ) www.cnbc.com time to read: +3 min

The risk of an early hike was enough to keep the dollar pinned at 149.60 yen , having shed 3.3% last week in its worst run since July. The euro held at $1.0555, after bouncing 1.5% last week and away from a one-year trough of $1.0425. That left the dollar index flat at 105.790, having closed out November with a gain of 1.8% even after last week's setback. "But the bar for a further shift in expected interest rates in favor of the U.S. in the near term is quite high," he added. Political uncertainty is another drag for the single currency as investors wait to see if France's government can survive the week intact.

Persons: Kazuo Ueda, Christian Keller, Jonas Goltermann, Jerome Powell, Michel Barnier Organizations: Bank of Japan, Barclays, Capital Economics, Federal Reserve, European Central Bank, National Locations: Tokyo, U.S, Greece

☆ AI chat bots help people find deals during holiday shopping season, says BofA's Justin Post
▼ + stars: | 2024-12-02 | by ( ) www.cnbc.com time to read: 1 min

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

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

☆ Treasury yields little changed as investors look to key labor data
▼ + stars: | 2024-12-02 | by ( Sawdah Bhaimiya | ) www.cnbc.com time to read: +2 min

Treasury yields were little changed on Monday as investors awaited economic data, expected to be published through the week, including labor and manufacturing insights. Investors are keenly anticipating labor data which will offer insights about the strength of the U.S. economy. A strong labor report will put the Fed on the path to cut rates further. Meanwhile, on Monday investors are expecting the ISM Manufacturing PMI report for November, which will offer insights about the health of the manufacturing economy. A PMI reading above 50% indicates an expanding manufacturing economy while below 50% suggests a decline.

Persons: Christopher Waller, Jerome Powell Organizations: Treasury, Labor, Survey, PMI Locations: U.S

☆ Bernstein says this tech stock is its best idea for 2025, could be added to the S&P 500
▼ + stars: | 2024-12-02 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +1 min

Payments processing company Block is one of Bernstein's favorite stocks heading into 2025. Analyst Harshita Rawat, who holds an outperform rating on the stock, raised her price target on shares to $120 from $90. It also owns digital wallet company Cash App and buy-now-pay-later company Afterpay. "Looking into 2025, we see potential for mid-teens gross profit growth driven by incentives around increasing direct deposit penetration (the #1 driver of long-term growth), growth in borrow and commerce initiatives (e.g., Cash App and Afterpay on Cash App Card). The stock also has the potential for inclusion in the broad market S & P 500 index, she added.

Persons: Harshita Rawat, Rawat, Cash, — CNBC's Michael Bloom Locations: Friday's

☆ Meet the Press – December 1, 2024
▼ + stars: | 2024-12-01 | by ( ) www.nbcnews.com time to read: +56 min

ANNOUNCER:From NBC News in Washington, the longest-running show in television history, this is Meet the Press with Kristen Welker. He credited President-elect Trump with this ceasefire, Jake, saying, quote, "Everyone is coming to the table because of President Trump." The second dynamic to watch is, Kash Patel is on the record for the retribution agenda that Donald Trump ran on. I will never forget when you asked former President Trump – President-elect Trump and President Biden during that last presidential debate in 2020 about 545 children who were still separated from their parents. And before we go, the newest member of the Meet the Press family, Frankie Alice Katz was born at 12:23 a.m. on Wednesday.

Persons: KRISTEN WELKER, Donald Trump, Christopher Wray, Kash Patel, KASH PATEL, I’d, FBI Hoover, Trump, PRES, JOE BIDEN, JUSTIN TRUDEAU, He’d, Bill Hagerty, Chris Murphy, Jake Sullivan, JONATHAN WHITE, Oscar, Errol Morris, NBC's Jacob Soboroff, Jonathan Allen, Kimberly Atkins Stohr, Matt Gorman, Sahil Kapur, it’s, Kristen Welker, Patel, “, STEVE BANNON, Bannon, DONALD TRUMP, Justin Trudeau, Trudeau, he'd, Biden, Edan Alexander, YAEL ALEXANDER, Jake, JAKE SULLIVAN, Kristen, we're, that's, Mike Waltz, President Trump, we've, Joe Biden, Bashar al, Assad, it's, I'm, They're, Chris Wray, Joe Biden didn't, Hagerty, SEN, BILL HAGERTY, Let's, I've, Kash, Colin Kahl, Kamala Harris, You've, Rob Malley, He's, Ariane Tabatabai, It's, Hunter, Hunter Biden, Kash Patel's, – SEN, –, Bill Barr, Tony Blinken, Israel, That's, Trump's, Tulsi Gabbard, she's, Tulsi, – KRISTEN WELKER, Murphy, Press . SEN, CHRIS MURPHY, Donald Trump's, Adam Schiff, Marco Rubio, Marcio Rubio, Donald Trump carte, who's, they're, you've, Harris, Nancy Pelosi, Tim Scott, Hope, Jon, John Bolton, JONATHAN ALLEN, John Bolton's, Matt Gaetz, SAHIL KAPUR, he's, doesn't, tweeting, MATT GORMAN, Gaetz, it's Tulsi, Betsy Devos, Matt Gaetz didn't, DOJ – didn’t, Pete Hegseth, Jr, KIMBERLY ATKINS STOHR, Matt, Claudia Sheinbaum, Biden's, Judge Ketanji Brown Jackson, We've, Yitzhak Rabin, YITZHAK RABIN, Jacob Soboroff, JACOB SOBOROFF, ERROL MORRIS, Errol, Jacob, Adam Serwer, haven't, Jacob – ERROL MORRIS, Jonathan White, Pope, hadn't, Frankie Alice Katz, Sally Bronston Katz, Michael, Frankie Alice, Fredalee, Adrien, We'll Organizations: FBI, Senate, Democratic, Connecticut, National Security, Trump, Boston Globe, NBC, Press, Bureau, Canadian, Hezbollah, Hamas, National, Lebanese Army, Rebels, UN, Republican, The Press, DOD, Department of Justice, China, United States, Depot, Walmart, Communist, Press ., of Justice, White, Wall Street, Republicans, of Commerce, Treasury, Education, Biden White House, Communications, AG, RFK, DOJ, Heritage, U.S ., Mar, Democrat, Clean Energy, U.S, Supreme, Palestine Liberation Organization, Israeli, Oscar, NBC News, Human Rights, American Academy of Pediatrics, Department of Homeland Security, Trump –, MSNBC, Refugee, . Locations: Tennessee, Israel, Gaza, Washington, Mexico, Canada, China, Mar, United States, U.S, Lebanon, Iranian, France, Lebanese, Syria, Aleppo, Iran, Russia, American, Japan, Europe, –, Connecticut, America, States, Trump, Oslo Accords, Eastern Europe

☆ How dating apps are changing in the wake of swiping fatigue and new startups emerging
▼ + stars: | 2024-12-01 | by ( Sydney Bradley | ) www.businessinsider.com time to read: +2 min

Business Insider has interviewed several founders of the newest dating startups entering the ring. Dating apps are in for a shake-up. Read: Meet the founders behind 11 dating startupsThe new crop of dating apps is tackling various pain points in the online dating experience. AdvertisementThere's also a wave of IRL-focused startups that forgo the experience of a dating app entirely with in-person events bringing singles together. Read more about new dating startups launching to compete with Tinder, Hinge, and Bumble:

Persons: There's Organizations: Match, Tech, Facebook Locations: New York

☆ Top Wall Street analysts pick 3 stocks for their attractive prospects
▼ + stars: | 2024-12-01 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +4 min

Top Wall Street analysts look to pick stocks of companies that are backed by strong financials, reliable business models and that boast attractive product offerings. With that in mind, here are three stocks favored by the Street's top pros, according to TipRanks, a platform that ranks analysts based on their past performance. ServiceNowThis week's first pick is artificial intelligence-enabled workflow automation software company ServiceNow (NOW). Following a virtual fireside chat with ServiceNow's CFO Gina Mastantuono, Mizuho analyst Gregg Moskowitz reiterated a buy rating on NOW stock. The analyst also raised the price target to $1,070 from $980 to account for the rise in comparative valuation multiples.

Persons: Rafael Enrique, Lightrocket, Donald Trump, Gina Mastantuono, Gregg Moskowitz, Moskowitz, TipRanks, TD Cowen, Derrick Wood, Wood, Twilio Organizations: Wall, Mizuho, ServiceNow's Locations: Snowflake's, Snowflake

☆ TikTok is facing accusations of election interference after a surprise win by a far-right candidate in Romania
▼ + stars: | 2024-12-01 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +3 min

Romania's defense council says TikTok's algorithm fueled the rise of a far-right candidate. TikTok is facing accustions from regulators in Romania that content on the platform improperly influenced the country's presidential election. AdvertisementIn its statement, the Romanian defense council said there is growing interest inside Russia to "influence the public agenda in Romanian society" and disrupt social cohesion. The defense council said that not labeling the content as campaign-related drastically increased its visibility on TikTok. TikTok has also faced scrutiny in the United States for allowing political ads that included disinformation in the lead-up to the 2024 presidential election.

Persons: TikTok, Călin Georgescu, Vladimir Putin, Marcel Ciolacu, Georgescu, —, Donald Trump, Paolo Ganino Organizations: Romania's, of National Defense, Romanian Constitutional Court, Associated Press, NATO, AP, Supreme, TikTok, Facebook, Business, Politico Locations: Romania, NATO, Ukraine, Russia, Romanian, United States

☆ Don’t expect small caps to hold their postelection gain. Look at these other Trump trades instead
▼ + stars: | 2024-12-01 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +2 min

Small caps have been one of the hottest corners of the markets in the wake of President-elect Donald Trump's election victory four weeks ago. "Small caps right now are a trade, not a fundamental move," Krei added. Krei is also more optimistic on financials, another group that, like small caps, has outperformed following Trump's election. The Financial Select Sector SPDR Fund ETF (XLF) surged 10.5% in November, bringing its 2024 advance to 38% in 2024. The Energy Select Sector ETF (XLE) has risen 16.7% year to date, underperforming the broader market, but jumped 7.8% in November alone.

Persons: Donald Trump's, Andrew Krei, Krei, Russell, Lauren Goodwin, Goodwin, We're, — CNBC's Michael Bloom Organizations: Trump, Crescent Grove Advisors, CNBC, New York Life Investments, SPDR Fund, Sector Locations: New York

☆ 4 predictions for the US housing market in 2025, according to Zillow
▼ + stars: | 2024-12-01 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

AdvertisementThe US housing market will keep shifting in 2025, according to Zillow. Homebuying activity should pick up after a long slump, despite choppiness in mortgage rates, the firm said. Between stubbornly high mortgage rates and elevated prices, home buyers had a tough time navigating the housing market in 2024, but more changes could be coming next year, Zillow says. In a recent outlook, the real estate listings site forecast a handful of developments for next year's housing market, which they noted is still in the process of normalizing since the pandemic. Mortgage rates will be choppyZillow predicted that mortgage rates will bounce up and down throughout next year.

Persons: Zillow, Freddie Mac, Skylar Olsen, Olsen, there's Organizations: National Association of Realtors

☆ Romanians vote in parliamentary election amid turmoil over claims of Russian interference in presidential race
▼ + stars: | 2024-12-01 | by ( Associated Press | ) edition.cnn.com time to read: +7 min

BUCHAREST, Romania Associated Press —Romanians cast ballots Sunday in a parliamentary election sandwiched between a two-round presidential race, the first of which has plunged the European Union and NATO member into unprecedented turmoil following allegations of electoral violations and Russian interference. By 5 p.m., about 7.5 million people – about 42% of eligible voters – had cast ballots, according to the Central Election Bureau. Cristian Andrei, a political consultant based in Bucharest, predicted the general election could also be reshaped by Georgescu’s success, with far-right parties possibly obtaining record highs. “The impact of the surprise in last Sunday’s presidential election will be significant, and we are going to wake up in a new political reality,” he told The Associated Press. Some have predicted that the far-right nationalist S.O.S Romania party, and the little-known Party of Young People, which has backed Georgescu, could pass the threshold.

Persons: –, Calin Georgescu, Elena Lasconi, Vladimir Putin, Alexandru Rizescu, ”, “, Georgescu, it’s, Andrei Pungovschi, Cristian Andrei, “ Georgescu, Marcel Ciolacu, ” Georgescu, ” “, Andreea Alexandru, Silviu Organizations: Press, European Union, NATO, Bureau, Save, Save Romania Union, Constitutional, Sunday, Associated Press, Social Democratic Party, PSD, National Liberal Party, PNL, ”, Alliance, Unity, REPER, Force, of Young Locations: BUCHAREST, Romania, Save Romania, Europe, Izvorani, Bucharest, TikTok, Russia, Romanian, EU, Sens

☆ A Chinese invasion of Taiwan would depend on seizing its ports. That won't be easy.
▼ + stars: | 2024-12-01 | by ( ) www.businessinsider.com time to read: +7 min

AdvertisementA Chinese invasion of Taiwan must focus on seizing a port to bring in tanks and supplies. Related Video China shows how it would attack Taiwan as tensions riseAs it contemplates an invasion of Taiwan, China is well aware of this problem. And beach assaults like D-Day come with the risk that Taiwanese troops could bottle up the attackers. Once it is captured, Chinese forces will dig in to resist a counterattack, while engineers repair the docks and clear the shipping lanes. In the end, the fate of an invasion of Taiwan turns on which side controls the ports.

Persons: Ian Easton, Easton, Horatio Nelson, Michael Peck Organizations: China Maritime Studies, US Naval War, Army, People's Liberation Army, Getty, PLA, Communist Party, Taiwan, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Taiwan, China, Easton, AFP, Taichung, Kaohsiung, Mailiao, Taipei, Dieppe, France, Normandy, Brest, Cherbourg, Forbes

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