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☆ One of Trump’s Treasury contenders hails from the most cutthroat private equity firm on Wall Street
▼ + stars: | 2024-11-22 | by ( Allison Morrow | ) edition.cnn.com time to read: +7 min

The words “private equity” are almost poetic in their power to obfuscate in such a way that most people simply tune out when they hear them. But there’s a reason workers tend to have a negative association with private equity. Per Bloomberg, Apollo “built its name as the scrappiest private equity and distressed-debt investor on Wall Street by buying businesses and loading them up with debt that offered creditors meager protections in the face of default.”Historically, private equity deals were largely handled by big banks. Private equity firms now hold controlling stakes across an array of industries, including supermarkets, housing, health care, fashion, restaurants and vet clinics. And other efforts to force more transparency and accountability in private equity have similarly faced opposition.

Persons: CNN Business ’, Marc Rowan, Donald Trump’s, Rowan, Bill Lazonick, he’s, ”, Megan Greenwell, aren’t, ” Dennis Kelleher, Apollo “, it’s, Sen, Elizabeth Warren of, hadn’t, Scott Bessent, Kevin Warsh, “, ” Greenwell Organizations: CNN Business, New York CNN, Apollo Global Management, Treasury, OCC, Republicans, Industry Research Network, — Bloomberg, KKR, Blackstone, Carlyle Group, Securities and Exchange Commission, “, Research, Treasury Department, Bloomberg, Financial Times, Federal Reserve Locations: New York, ”, Elizabeth Warren of Massachusetts

☆ See some of the best photos from National Geographic's 'Pictures of the Year'
▼ + stars: | 2024-11-22 | by ( Marylou Costa | ) www.cnbc.com time to read: +7 min

National Geographic released its annual "Pictures of the Year" issue this week, showcasing 20 photographs — out of some 2.3 million in contention — that depict striking scenes of nature, wildlife and human connection to the world. Emperor penguins have been increasingly moving from low-lying ice to higher, more permanent ice shelves as climate change changes their environment, according to National Geographic. Source: Ami Vitale by National GeographicIn January, scientists at the BioRescue project transferred a southern white rhino embryo into a southern white rhino female. Only two are left, according to National Geographic. The cover of National Geographic's "Pictures of the Year" issue, dated December 2024, shows researchers in Gabon's Bongolo Cave.

Persons: Bertie Gregory, penguins, Ingo Arndt, Arndt, Ami Vitale, Concan, Babak Tafreshi, Jason Gulley, Gulley, I've, Davide Monteleone, Synhelion, Peter Fisher, he's, Fisher, Robbie Organizations: Geographic, Pictures, National, National Geographic, Germany's University of Konstanz, Taurus, CNBC Travel, Fanning, CNBC Locations: Antarctica, Konstanz, Germany, Kenya, Texas Texas, Texas, Fanning Springs, Park, Florida, Suwannee, Swiss, Antigua, Guatemala

☆ Employers are scrutinizing WFH accommodation requests — here's how to make yours stronger
▼ + stars: | 2024-11-22 | by ( Tess Martinelli | ) www.businessinsider.com time to read: +4 min

AdvertisementGreg Mansell says some employers are scrutinizing accommodation requests amid rising RTO mandates. As an employment lawyer of 15 years, here are my tips for employees to overcome four hurdles in the accommodation request process. Don't wait for your specialistAfter an accommodation is requested, employers may ask the employee's medical provider to fill out an accommodation request detailing the underlying impairment, the restrictions it imposes, and the requested accommodation. It may be useful for the disabled employee to prepare their own accommodation request and present it for their doctor's review. Document everythingIf you consult a lawyer, it's helpful to have as much documentation of the accommodation request process as possible.

Persons: Greg Mansell, Mansell, It's, Jill Kramer, Tess Martinelli Organizations: Accenture Locations: New York City, tmartinelli

☆ Explosives disposal team sent to London’s Gatwick Airport as terminal evacuated over item in luggage
▼ + stars: | 2024-11-22 | by ( Amarachi Orie | ) edition.cnn.com time to read: +2 min

CNN —An explosives disposal team was sent to London’s Gatwick Airport and one of its terminals evacuated after a “suspected prohibited item” was found in luggage on Friday. “A security cordon is in place around the South Terminal at Gatwick Airport following discovery of a suspected prohibited item in luggage,” Sussex Police wrote in a statement posted on X just after midday local time (7 a.m. “Police were called at 8.20am this morning and, as a precaution, an EOD (Explosive Ordnance Disposal) team is being deployed,” the statement continued, advising the public to avoid the area. “We can confirm that the ‘loud bang’ reported in the area a short time ago was a controlled explosion carried out by officers,” it said in a statement posted on X on Friday morning. ET), it said, “Initial indications are that the item was a hoax device.

Persons: Stephanie Halasz, Zahid Mahmood Organizations: CNN, Gatwick Airport, Sussex Police, “ Police, “, London’s Metropolitan Police

☆ 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

☆ Citadel's Ken Griffin considers selling minority shares whilst handing out political advice to Trump
▼ + stars: | 2024-11-22 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

In today's big story, billionaire Ken Griffin has some advice for President-elect Donald Trump, including a suggestion for his Treasury pick . While speaking Thursday at the Economic Club of New York, Griffin said he appreciates the importance of those issues to Americans but said aggressive tactics to address them could make things work. Griffin is one of the biggest donors to the Republican Party, but declined to publicly endorse either presidential candidate this year. AdvertisementModeration hasn't been the name of the game for Trump with some of his proposed policies. AdvertisementHe said he'd be open to selling a minority stake in his hedge fund to the right partner.

Persons: it's, Ken Griffin, Donald Trump, Trump Ken Griffin, Mike Blake, Insider's Bradley Saacks, Michelle Abrego, Griffin, Manny Roman, Trump, Marc Rowan, Rowan, Alexander Tamargo, Thoma Bravo Griffin, he'd, Zalubowski, Chelsea Jia Feng, Elon, Paul, Tyson, Megyn Kelly, Tucker Carlson Ron Antonelli, Chip Somodevilla, Rebecca Zisser, Tucker Carlson, Bari Weiss, BI's Peter Kafka, Chris Balfe, Ridley Scott's, You've, Dan DeFrancesco, Jack Sommers, Grace Lett, Ella Hopkins, Amanda Yen, Milan Sehmbi Organizations: Business, Treasury, Trump, Citadel, Milken, Global Conference, Reuters, Economic, of New, Republican Party, Citadel Securities, Sequoia, Millennium Management, BlackRock, Chelsea, Getty, Netflix, Bank of America, NY Daily, Fox News, Auto, Ford, GM, Volkswagen Locations: Beverly Hills , California, U.S, of New York, Montreal, New York, London, Chicago

☆ Trump expected to offer Kelly Loeffler secretary of Agriculture
▼ + stars: | 2024-11-22 | by ( Kaitlan Collins | ) edition.cnn.com time to read: +2 min

CNN —President-elect Donald Trump is expected to offer Kelly Loeffler the job of secretary of the Department of Agriculture, two people familiar with the matter told CNN. He is set to meet with her at Mar-a-Lago Friday afternoon, but as is always the case, nothing is final until Trump announces it. The agriculture job will likely be a significant one — especially as Trump’s pick to run the Department of Health and Human Services, Robert F. Kennedy Jr., has promised to assert his influence over the agriculture industry. Loeffler, appointed to the Senate by Georgia Gov. Brian Kemp over the wishes of Trump, lost her seat in a 2021 runoff to Democratic now-Sen. Raphael Warnock.

Persons: Donald Trump, Kelly Loeffler, Loeffler, Michael Whatley, Sen, Marco Rubio, Elise Stefanik —, Robert F, Kennedy Jr, Brian Kemp, Trump, Raphael Warnock, Joe Biden’s, ”, CNN’s Zachary Cohen Organizations: CNN, Department of Agriculture, Mar, Trump, Senate, Republican National, of Health, Human Services, Georgia Gov, Democratic, Capitol Locations: Georgia, Washington, Trump’s

CNN —President-elect Donald Trump’s Treasury secretary pick stands in stark contrast to some of the more controversial and questionable Cabinet picks he’s announced so far. In many respects, the Treasury secretary is the quarterback of the economy. Wall Street was unfazed by the selection. One of the Treasury secretary’s jobs is to help keep Wall Street calm and confident during times of economic or market turmoil. The Treasury secretary works closely with both the central bank and the White House.

Persons: Donald Trump’s, he’s, Scott Bessent, “ Scott Bessent, ”, Glock, “, Trump, Matt Gaetz, Robert F, Kennedy, Jr, MAGA, ” Glock, Bessent, Elon Musk, Cantor Fitzgerald, Howard Lutnick, Musk, Lutnick, –, Isaac Boltansky, “ Scott, I’ve, Kyle Bass, Xi Jinping, Jerome Powell Organizations: CNN, Manhattan Institute, Trump loyalists, Treasury, Soros Fund Management, Fox News, Trump, Commerce, Street, Hayman Capital Management, Dow Jones, White Locations: Bessent, China, Argentina

☆ The salary Americans say they need to feel successful at every age—it's over $500,000 for Gen Z
▼ + stars: | 2024-11-22 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +3 min

But with living costs pinching even high earners and the fact that more money almost always brings individuals more happiness , it's understandable that Americans say you need a substantial salary to be considered successful. While the average salary Americans say they need to be successful is high compared with what the average person is currently earning, Gen Z sets their sights even higher. The average salary adults between the ages of 18 and 27 say they need to be successful is $587,797, Empower found. That could be part of the reason they say they'd need such a high salary to feel accomplished, says Rebecca Rickert, head of communications at Empower. On average, Americans say you need a net worth of about $5.4 million to be considered successful, Empower reported.

Persons: Gen Z, Rebecca Rickert, boomers, Rickert Organizations: . Census, CNBC Locations: U.S

They see me as a threat to their power.”The episode has raised eyebrows among security officials, who point to Gabbard’s history of unusual relationships overseas. The circumstances that led to Gabbard’s inclusion on Quiet Skies may be entirely benign, these sources said. Under normal circumstances, one official said, Gabbard would be forced to explain the underlying foreign travel or contacts in question during her background check. Security officials from multiple agencies told CNN that the program is known inside the government for having far laxer standards for inclusion. “TSA’s Quiet Skies program is a risk-based, automated approach to transportation security, to include identifying potential risks and applying enhanced security measures.”The statement continued: “TSA’s Quiet Skies program is not a terrorist watchlist.

Persons: Tulsi Gabbard, Donald Trump’s, Gabbard, ” Gabbard, Kamala Harris, ”, “, Harris, Biden, Bashar al, Assad, Trump, — Organizations: CNN, Transportation Security Administration, Fox, TSA, Quiet, Air Marshals Locations: Syria

☆ Matt Gaetz says he’s not returning to Congress next year
▼ + stars: | 2024-11-22 | by ( Kristen Holmes | ) edition.cnn.com time to read: +5 min

CNN —Former Florida Rep. Matt Gaetz, who withdrew from consideration as President-elect Donald Trump’s pick for attorney general on Thursday, said Friday he will not be returning to Congress next year. And I’m actually excited to see Northwest Florida go to new heights and have great representation,” Gaetz told Kirk. He also praised Trump’s subsequent choice for attorney general, which the president-elect announced just hours after Gaetz withdrew his name — former Florida Attorney General Pam Bondi. “My good friend Pam Bondi is going to be a phenomenal attorney general for Donald Trump. “I had a full-time job explaining to senators that maybe a tweet I sent about them was rash and not reflective of how I would serve as attorney general.

Persons: Matt Gaetz, Donald Trump’s, “ I’m, ”, Charlie Kirk, Gaetz, —, who’ve, ” Gaetz, Kirk, Trump, Trump’s, Pam Bondi, “, Donald Trump, Gaetz —, Pam Bondi’s, Kevin McCarthy, Eric Brander Organizations: CNN, Former Florida, 119th, Trump, Department of Justice, Capitol, United States Congress, Justice Department, Hill, California Republican Locations: Northwest Florida, Florida, “, Washington, California

☆ 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

☆ 15 movies and shows to stream this weekend, from a new Chad Michael Murray romcom to the latest 'Alien' sequel
▼ + stars: | 2024-11-22 | by ( Caralynn Matassa | ) www.businessinsider.com time to read: +1 min

Advertisement"Outlander," "Based on a True Story," and "The Sex Lives of College Girls" return this week. Movies including "Blitz," "The Piano Lesson," and "Alien: Romulus" are streaming. Related VideoThe beloved historical drama "Outlander" is back with the second half of its seventh season, over a year after the last episodes aired. The Peacock drama "Based on a True Story" returns for its second season, and the HBO Max comedy "The Sex Lives of College Girls" premieres its third season. Here's a complete rundown of all the best movies, shows, and documentaries to stream this weekend, broken down by what kind of entertainment you're looking for.

Persons: Romulus, HBO Max Organizations: College Girls, HBO

☆ Why Matt Gaetz Called His Attorney General Bid a ‘Distraction’
▼ + stars: | 2024-11-22 | by ( Jess Bidgood | ) www.nytimes.com time to read: +1 min

The latestElon Musk is getting a crash course in the world of President-elect Donald Trump. Trump worked to fill out his cabinet, after picking Florida’s Pam Bondi to replace Matt Gaetz as his nominee for attorney general. The Senate majority leader Chuck Schumer is staying strategically silent over Trump’s cabinet picks. “Why get in the middle of a food fight?” one Democrat said. When gravity exerted its pull on that now-former congressman, Matt Gaetz, he reached for a tried-and-true excuse that has softened the landing of many nominees who failed before him, albeit for less shocking reasons.

Persons: Elon Musk, Donald Trump, Trump, Pam Bondi, Matt Gaetz, Chuck Schumer, ” Gaetz, Vance, — Organizations: Elon, Trump, of Justice

CNN —President-elect Donald Trump named billionaire Scott Bessent as his pick to serve as the next secretary of the Department of the Treasury. A key Cabinet player, the US Treasury secretary advises the president on economic and fiscal matters, including spending and taxes. Bessent would be the first out gay Treasury secretary, as well as the first LGBTQ Senate-confirmed Cabinet member in a Republican administration, according to The Associated Press. Compared to Lutnick’s more aggressive campaign for the role, Bessent led a more understated quest for the position. All of the names Trump put out Friday night had been decided by the afternoon, the sources said, but he wanted to name his Treasury secretary first before publicly releasing his other decisions.

Persons: Donald Trump, Scott Bessent, “ Scott, ” Trump, Scott, ” Bessent, Trump, George Soros, Bessent’s, Bessent, Pete Buttigieg, ”, Howard Lutnick –, Lutnick, Cantor Fitzgerald, fides, MAGA, Elon, Steven Mnuchin, Mnuchin, Kayla Tausche, Matt Egan Organizations: CNN, Department of, Treasury, of Innovation, Capital, U.S, Reserve, Square Capital Management, Soros Fund Management, Democratic, Senate, Republican, Associated Press, Biden, Wall Street, Trump, ”, Financial Times, CNBC, Soros, United, Republicans, Treasury Department Locations: United States, United States of America, China

☆ Donald Trump chooses hedge fund executive Scott Bessent for Treasury secretary
▼ + stars: | 2024-11-22 | by ( Jeff Cox | ) www.cnbc.com time to read: +4 min

President-elect Donald Trump signaled Friday his intention to nominate hedge fund executive Scott Bessent as his Treasury secretary, in a move that puts a seasoned market pro and a close Trump loyalist in a critical economic position. As head of Treasury, Bessent, 62, will be both the U.S. fiscal watchdog as well as a key official to help Trump enact his ambitious economic agenda. Like Trump, Bessent favors gradual tariffs and deregulation to push American business and control inflation. The Treasury secretary is the lynchpin for the White House economic agenda. Others close to the president-elect think Bessent has not been rigorous enough in his support for tariffs, though Warsh also has made public statements against the levies.

Persons: Scott Bessent, Donald Trump, Kevin Warsh, Marc Rowan, Trump, Bessent, George Soros, Soros, Jerome Powell's, Warsh, Janet Yellen, Elon Musk, Cantor Fitzgerald, Howard Lutnick Organizations: Key, Trump, Group, Treasury, Wall, World's, Investors, Yale University, Rockefeller University, Preservation, Wall Street, Federal Reserve, Federal, National Economic Council, White Locations: Washington , DC, U.S, Bessent

☆ Jeff Bezos says Elon Musk's claims are '100% not true' after the Tesla CEO reignites their feud
▼ + stars: | 2024-11-22 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

AdvertisementElon Musk reignited his long-running feud with Jeff Bezos in an X post on Thursday. Musk said Bezos told people they should sell Tesla and SpaceX stock because Donald Trump would lose. Bezos said Musk's claim was "100% not true," to which Musk replied, "I stand corrected." XBusiness Insider was unable to confirm the veracity of Musk's post. AdvertisementNovember 22, 2024: This story has been updated to include Bezos' response to Musk's Thursday X post, and Musk's response to Bezos.

Persons: Elon Musk, Jeff Bezos, Musk, Bezos, Donald Trump, Trump, wasn't, he'd, Musk's, Tesla, SpaceX isn't, Thomas Roulet, Elon, Bill Gates, Gates Organizations: SpaceX, X, Mar, Department of Government, Amazon, Trump, Tech, Bloomberg, University of Cambridge, Twitter, Microsoft Locations: Trump's Florida, China

☆ 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

☆ Trump picks Project 2025 co-author to lead White House’s budget office
▼ + stars: | 2024-11-22 | by ( Kaitlan Collins | ) edition.cnn.com time to read: +2 min

CNN —President-elect Donald Trump has selected Russell Vought as his pick to lead the Office of Management and Budget, he said in a Truth Social post. Vought was one of the key authors of Project 2025 – the conservative blueprint that Trump tried to distance himself from during the campaign. He was Trump’s former budget director during his first administration when Vought oversaw a widespread deregulation push. During Trump’s first administration, Vought made a name for himself as a policy wonk committed to the MAGA movement. Before serving as Trump’s budget director, Vought was the deputy director and later acting director of OMB.

Persons: Donald Trump, Russell Vought, Trump, ” Trump, MAGA, Vought, Mike Pence Organizations: CNN, Management, Budget, OMB, Center, CRA, Heritage Foundation, Trump –, Mandate, Leadership, Republican National Convention Locations: America

☆ 6 tourists who died are believed to have drunk tainted alcohol in Laos
▼ + stars: | 2024-11-22 | by ( Aditi Bharade | Hannah Abraham | ) www.businessinsider.com time to read: +3 min

AdvertisementSix tourists who died in Laos are believed to have consumed tainted drinks. Several tourists who died in Vang Vieng, Laos are believed to have drunk tainted alcohol. The Australian Broadcasting Corporation wrote that local authorities in Laos were investigating the case and trying to ascertain where the tainted alcohol came from. It is unclear how the other four tourists could have come into contact with tainted alcohol. November 22, 2.30 a.m. — This story was updated to include comments from the Australian Department of Foreign Affairs and Trade.

Persons: Brit, Holly Bowles, Anthony Albanese, Bowles, Bianca Jones, Simone White, Toan, Nana backpacker, Médecins, Vang Vieng Organizations: Brit, US State Department, Australian, Denmark's Ministry of Foreign Affairs, CNN, Australian Broadcasting Corporation, Associated Press, BBC, US Centers for Disease Control, British Foreign Office, Danish Ministry of Foreign Affairs, Business, Australian Department of Foreign Affairs, Trade Locations: Laos, Danes, Vang Vieng, Thailand, British, London, Asia, Indonesia, Singapore

☆ One of the world's richest families plans to create Paris's next big soccer success
▼ + stars: | 2024-11-22 | by ( Jenni Reid | ) www.cnbc.com time to read: +4 min

"There is an anomaly in French football and in Parisian football, that it is probably the only big city in Europe with only one big football club. France's billionaire Arnault family, owners of luxury group LVMH and one of the richest dynasties on the planet, is preparing to secure majority ownership of minor soccer club Paris FC — but sees any sporting turnaround as a long-term aim. Antoine Arnault speaks to the media during the Paris FC press conference at Groupe ADP – Centre d’entrainement Paris FC on November 20, 2024 in Orly, France. Asked by CNBC whether he saw Paris FC as a potential challenger, Arnault said: "That would be very immodest of us, to even compare ourselves to Paris Saint-German. Arnault told CNBC that if his family wanted a "trophy asset," they would have looked elsewhere.

Persons: Arnault, CNBC's Charlotte Reed, Red Bull, Antoine Arnault, Bernard Arnault, Bull, Germain, We're, Jürgen Klopp, Ryan Reynolds, Rob McElhenney Organizations: Paris FC, Associated Press, CNBC, Leipzig, Austria's, Paris FC —, Groupe ADP –, d’entrainement Paris FC, Qatari, titans Paris Saint, French, Paris Saint, League, Champions League, Liverpool, Premier League, Welsh, Wrexham AFC —, Bull Locations: Europe, Paris, Austria's Salzburg, Orly, France, English, Leipzig, Salzberg

☆ Trump’s hush money sentencing is postponed indefinitely, judge says
▼ + stars: | 2024-11-22 | by ( Kara Scannell | ) edition.cnn.com time to read: +2 min

New York CNN —The judge overseeing Donald Trump’s criminal hush money trial has adjourned his sentencing, which was set for next week. Judge Juan Merchan also agreed to hold off on issuing his decision on presidential immunity until after he reviews the parties’ filings. The judge did not set a new sentencing date or make any further statements about the delay. Trump’s lawyers have argued his conviction should be tossed both because of the presidential immunity decision and his return to the White House. His sentencing, originally scheduled for July, was delayed twice after the Supreme Court’s immunity decision prompted Trump’s lawyers to file a motion to vacate the conviction.

Persons: Donald, Judge Juan Merchan, Merchan, Trump’s, Steven Cheung, Trump, Attorney Alvin Bragg, Michael Cohen, Stormy Daniels, Shania Shelton Organizations: New, New York CNN, Attorney, Democrat Locations: New York, Georgia, York

☆ Japan's October headline inflation rate falls, but economists still see BOJ rate hike on the table
▼ + stars: | 2024-11-22 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Japan's headline inflation rate slipped to 2.3% in October, its lowest level since January and down from the 2.5% seen in September. The core inflation rate, which excludes fresh food prices, came in at 2.3%, down from September's 2.4%. The figure however, was slightly higher than the 2.2% expected among economists polled by Reuters. According to LSEG data, 55% of economists polled by Reuters as of Nov. 22 expect the BOJ to hike rates by 25 basis points at its December meeting, bringing the benchmark policy rate to 0.5%. On Nov. 18, BOJ Governor Kazuo Ueda said the economy is heading toward sustained wage-driven inflation, and warned against keeping borrowing costs too low, Reuters reported.

Persons: Kazuo Ueda Organizations: Reuters Locations: September's, Japan's

☆ 'Wicked' is a prequel to 'The Wizard of Oz.' Here's where it fits in the story's timeline.
▼ + stars: | 2024-11-22 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +4 min

AdvertisementThe new "Wicked" movie musical is a prequel to "The Wizard of Oz." Spoilers ahead for "Wicked" movie and Broadway show"Wicked" is a prequel to "The Wizard of Oz," but the story starts halfway through the original 1939 movie. The "Wicked" movie and Broadway show, however, are based on Gregory Maguire's 1995 revisionist novel "Wicked: The Life and Times of the Wicked Witch of the West." Glinda the Good Witch gives Dorothy the Wicked Witch of the East's ruby shoes. AdvertisementThe movie follows the musical and book's plot where Elphaba, the Wicked Witch of the West, didn't start out wicked.

Persons: Oz, Frank L, Baum, Gregory Maguire's, Maguire, Cynthia Erivo, Dorothy Gale, Toto, Glinda, Dorothy, Elphaba, Ariana Grande, didn't Organizations: Broadway Locations: Kansas, Oz, Elphaba's, Munchkinland

Percival Everett’s new novel, “James,” a retelling of “The Adventures of Huckleberry Finn” from the perspective of Huck’s enslaved companion, won the National Book Award for fiction on Wednesday. Critics have called Everett’s retelling “a slyly funny masterpiece.”The National Book Award is the latest in a string of accolades for the 67-year-old author, who has dozens of books and short stories under his belt. One of Everett’s books, “Erasure,” was adapted in 2023 into a film, “American Fiction,” starring Jeffrey Wright. The National Book Foundation awarded Jason De León’s “Soldiers and Kings: Survival and Hope in the World of Human Smuggling” in the nonfiction category. In response, National Book Foundation executive director Ruth Dickey has said Coates was being honored for his body of work rather than any individual publication.

Persons: Percival Everett’s, “ James, ”, Huckleberry Finn ”, “ James ”, Mark Twain, Jim, Everett, ” Everett, “, Huck Finn, James ”, Booker, Jeffrey Wright, Jason De León’s, Barbara Kingsolver, Paul Coates, Critics, Coates, Ruth Dickey Organizations: BBC, Foundation, Black Classic Press, Book Foundation Locations: America

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