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☆ Why the unexplained drones are the mystery we didn't know we needed
▼ + stars: | 2024-12-17 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +5 min

Over on the Facebook Group "New Jersey Mystery Drones — let's solve it," which has more than 73,000 members, there's a sharp sense of disillusionment with the local and national government response. cosmin4000/Getty ImagesWhat we know about the apparent drones, so far, is that officials seem to agree that it's neither of those threats. The drone mystery has been healing a wound in our divided nation. Best of all, discussing drone sightings has been hyperlocal — and has thrived on Facebook. AdvertisementAn offshoot group was started to discuss drone sightings in Connecticut.

Persons: We're, there's, There's, it's, —, Trump, should've, suburbanites, Luigi, we've, Fox Mulder LARP Organizations: Facebook, Pentagon, Facebook Group Locations: New Jersey, Australia, New York City, Connecticut, Norwalk

☆ How Rokos stayed true to its big-bet roots and became the old-school manager every investor wants
▼ + stars: | 2024-12-17 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +9 min

The $19 billion manager Rokos Capital is an outlier in the increasingly institutional hedge fund industry. Its billionaire namesake, who was a cofounder of Brevan Howard, runs the majority of the portfolio. Related storiesIn 2002, Howard, Rokos, and three other Credit Suisse traders left the now-defunct Swiss bank to launch Brevan Howard (the "R" in Brevan is for Rokos). AdvertisementEventually, Rokos and Howard settled their dispute, and Howard even backed Rokos' new manager, reports at the time said. Headquartered on the posh London strip known for its bespoke tailoring, Roko's firm has a "Savile Row style" of customization for its founder.

Persons: Brevan Howard, Chris Rokos, Donald Trump, Rokos, Stanley Druckenmiller, George Soros, Goldman Sachs, Alan Howard, Howard, Trump's, Brevan, Savile, He's, it's, Mark Edwards, Matthew Sebag, Montefiore, Oliver Wyman, Pria Bakhshi, Quita Ramirez, Dmitry Green, Lauren Fairbairn, he's, Cliff Asness, Louis Bacon, Michael Platt, David Tepper, Jeffrey Talpins, Said Haidar, Paul Tudor Jones, Henry VIII Organizations: Rokos, Bloomberg, Treasury, Trump, Rokos Capital Management, Pensions, Blackstone, Eton grad, UBS, Credit Suisse, Citadel, Getty, Goldman Locations: London, Rokos, Oxford, Swiss, Brevan, London's Mayfair, New York, Schonfeld, allocators

☆ Earnings growth can help stave off stock market valuation concerns in 2025, ETF firms say
▼ + stars: | 2024-12-17 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +5 min

Market strategists at major ETF firms are optimistic about the stock market rally continuing in 2025, expecting large tech stocks to keep generating solid earnings and stave off valuation concerns in the near term. However, as the horizon extends, growth and earnings impacts diminish, with valuations eventually dominating returns as a 'fundamental gravity,'" the Vanguard outlook said. Over the next decade, we expect 4.3%–5.3% annualized returns for both U.S. and global ex-U.S. currency-hedged bonds," the Vanguard outlook said. The iShares U.S. Equity Factor Rotation Active ETF (DYNF) , for example, has outperformed the S & P 500 in 2024. Jay Jacobs, the U.S. head of thematic and active ETFs at BlackRock, highlighted the iShares Health Innovation Active ETF (BMED) and the iShares U.S. Manufacturing ETF (MADE) in his outlook piece.

Persons: Broad, Janus Henderson, that's, Kevin Khang, Khang, Tony DeSpirito, Jay Jacobs, Jacobs Organizations: Street Global Advisors, Street, Vanguard, U.S, Janus Henderson AAA CLO, CNBC, BlackRock Investment, Equity, U.S . Manufacturing, Biden Locations: BlackRock, U.S

☆ American Dream Is Shrinking: Smaller Homes, Fewer Kids, Less Vacation
▼ + stars: | 2024-12-17 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +13 min

The American dream — like a beloved pair of pants you left in the dryer too long — is shrinking. Their millennial counterparts felt similarly, though they were slightly more bullish on the possibility of the American dream. And even among those who might have achieved the American dream — higher earners with college degrees — life satisfaction has slipped. At the same time, there's a bittersweet parallel running alongside the shrinking of the American dream. But now that the American dream is within reach for these people, it's already shrinking.

Persons: There's, schlepping, it's, It's, Zillow, Rent.com, That's, —, Karen Benjamin Guzzo, Hill who's, Guzzo, that's, Young, they're, downer Organizations: Pew Research Center, Gallup, National Association of Home Builders, National Association of Realtors, University of North, Hill, Washington Post, Workers, Wall Street, Federal Reserve Bank of Atlanta Locations: University of North Carolina, United States, American

☆ US transfers Guantanamo Bay detainee to Kenya
▼ + stars: | 2024-12-17 | by ( Haley Britzky | Oren Liebermann | ) edition.cnn.com time to read: +2 min

CNN —The US has moved a detainee of the military prison at Guantanamo Bay to Kenya, marking the first detainee transfer in more than a year. Defense Secretary Lloyd Austin notified Congress about his intent to transfer Bajabu to Kenya in November. The last detainee transfer occurred in April 2023, when a 72-year-old al Qaeda associate was transferred to Algeria after more than 20 years of detention at Guantanamo. According to the Pentagon’s release, 29 detainees remain at the military prison — 15 of whom are eligible to be transferred out. “The United States may transport additional detainees to US Naval Station Guantanamo Bay when lawful and necessary to protect the Nation,” the order said.

Persons: Mohammed Abdul Malik Bajabu, …, Lloyd Austin, Bajabu, Mark Maher, Joe Biden, Biden, Barack Obama, Donald Trump’s, Trump Organizations: CNN, Pentagon, ., of Defense, US Naval Locations: Guantanamo Bay, Kenya, Qaeda, East Africa, Algeria, Guantanamo, United States

☆ Trump’s tariffs could usher in a worst-case economic scenario not seen since the 1970s
▼ + stars: | 2024-12-17 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +6 min

Now, Americans may have to actually brace for stagflation — something the nation’s economy hasn’t experienced in over half a century. Just over a month from now, Trump will have the power to levy tariffs on other nations at the flick of a pen. When the Fed responded to high levels of unemployment in the 1970s by cutting rates to relieve pressure businesses faced, it later had to contend with higher inflation. The path to stagflationThe tariffs Trump has floated aren’t inherently inflationary, Michael Feroli, chief US economist at JPMorgan, told CNN. But higher tariffs can quickly fuel cascades of price increases if Americans expect higher inflation because of them and demand higher wages, which, in turn, could result in businesses continuing to raise prices.

Persons: Jamie Dimon, JPMorgan Chase —, —, ” Dimon, Jerome Powell, “, Donald Trump, Trump, ” Powell, Marty Lederhandler, it’s, It’s, Michael Feroli, Feroli, Stagflation, Wells, ” Organizations: New, New York CNN, JPMorgan, Wall, Fed, Trump, CNN Locations: New York, stagflation, New York City, U.S

☆ What officials are doing – and suggesting – to learn more about the possible drone sightings
▼ + stars: | 2024-12-17 | by ( Zoe Sottile | ) edition.cnn.com time to read: +9 min

CNN —As a flurry of possible drone sightings have triggered local politicians to press federal officials for more information, lawmakers have proposed a variety of different methods for dealing with drones. And the US government is sending drone detection and tracking systems to two military facilities in New Jersey, sources told CNN Monday. States deploy drone detection technologyA number of states where possible drones have been reported have announced that they’re deploying drone detection systems. New York and Connecticut have also announced they’re using drone detection systems. Law enforcement officials would need a warrant to interfere with the radio signals of a drone, according to Michelle L.D.

Persons: John Kirby, “, Kirby, ”, Donald Trump’s, Josh Shapiro, Chuck Schumer, he’s, ” Schumer, Vijay Kumar, Kumar, Matt McCrann, ” McCrann, Jonathan Rupprecht, Michelle L.D, Hanlon, Kathy Hochul, Mark Green of, Schumer, ” Rupprecht, Rupprecht Organizations: CNN, White, House, Arsenal, Naval Weapons Station, Federal Aviation Administration, of Homeland Security, University of Pennsylvania, Center for Air, Space, University of Mississippi School of Law, Electronic Communications, New York Gov, federal, UAS Authority Security, Republican Rep, FAA, Department of Homeland Security, USC Locations: Pennsylvania, New Jersey, Bedminster, New York, Connecticut, Mark Green of Tennessee

☆ Is it a bird, a plane, or something more mysterious? Sightings in New Jersey's skies have raised questions and intrigue.
▼ + stars: | 2024-12-17 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

Have you ever watched a Hallmark movie (it's ok to admit it) and wondered: Where did they film this thing? AdvertisementIn today's big story, we're looking at how the uproar over mysterious drones has people doing some investigating of their own . The good news: Officials have stressed drones aren't the work of a foreign adversary or a public threat. Videos captured with Ring doorbells of potential drone sightings are being widely shared , writes BI's Ana Altcheck. AdvertisementIf you do decide to do a bit of sky gazing, it's important to remember there are plenty of things up there that aren't mysterious.

Persons: Spectee, Claus, Donald Trump, Jake Epstein, Nicolas Economou, BI's Ana Altcheck, they're, Katie Notopoulos, I've, BI's Taylor, Anna Moneymaker, Donald Trump's, Liz Young Thomas, Maria Ivanova, Getty, Tyler Le, Raaz Herzberg, Klarna, Slack, Javier Jaén, Dan DeFrancesco, Grace Lett, Ella Hopkins, Amanda Yen, Milan Sehmbi Organizations: Business, Reuters Connect, Getty, Federal Aviation Administration, Research, BI, Google, Wiz's, Bluesky, Nvidia, WNBA, Amazon Prime Locations: Victoria, British Columbia, East, Bedminster, N.J, Anna, Sweden, doomscrolling, New York, Chicago, London

☆ My husband and I moved to a small Italian town with $1 homes. We were anxious it would be a lifeless place but were pleasantly surprised.
▼ + stars: | 2024-12-17 | by ( ) www.businessinsider.com time to read: +5 min

My husband and I moved from Hamburg, Germany to a small Italian town in August. The town offers homes for 1 euro and we were worried about the poor reputation these places have. We were coming from Hamburg, Germany, which has a population of 2 million and were nervous about what life would be like and being lonely in one of these small Italian towns. We were pleasantly surprised by how lively our town wasWe moved to Sant'Elia a Pianisi in August when the town is lively with events. Sant'Elia is a small town in a small region of Italy, but we have found everything we could have ever wanted from this community.

Persons: Callie Riemann, Sant'Elia Organizations: Facebook Group Locations: Hamburg, Germany, Italy, squashes, Campobasso, Sant'Elia

☆ Frontier's all-you-can-fly pass is on sale again. I tested it out and found the spontaneity isn't for everyone.
▼ + stars: | 2024-12-17 | by ( Taylor Rains | ) www.businessinsider.com time to read: +9 min

Frontier Airlines' annual all-you-can-fly flight pass called "GoWild!" The "unlimited" flight pass has its limitationsOne of the biggest concerns about GoWild is actually getting anywhere at all. Finding GoWild seats is a lot of tedious guess-and-checkThe process of searching and booking GoWild seats is a cumbersome task. While I had a good experience, there are still a lot of limitations to the "unlimited" flight pass, and the costs can add up. Taylor Rains/Business InsiderSpontaneous digital nomads or freelancers would likely get the most out of the pass.

Persons: Frontier Miles, hadn't, Taylor Rains, it's, GoWild, There's Organizations: Frontier Airlines, Frontier, Amtrak, LaGuardia . Frontier, Wall Street, Austin, Vegas, Stewart International Locations: Mexico, Caribbean, Austin, Las Vegas, Orlando, Miami, Philadelphia, Connecticut, Vegas, Texas, Hartford, LaGuardia, Cancun, Nebraska, Florida, New York, New York City, GoWild

☆ My party of 2 spent $165 to go to one of Dolly Parton's famous dinner shows, and it blew us away
▼ + stars: | 2024-12-17 | by ( Carly Caramanna | ) www.businessinsider.com time to read: +1 min

I attended one of Dolly Parton's famous dinner shows, Hatfield & McCoy Dinner Feud. My party of two spent $165 on the multicourse, two-hour dining experience. AdvertisementDuring a recent visit to Pigeon Forge, Tennessee, I checked out Dolly Parton's Hatfield & McCoy Dinner Feud show. I'd been to her nearby Dollywood theme park many times while in the area — and Parton's other dinner shows — but this was my first time visiting this particular venue. AdvertisementHatfield & McCoy Dinner Feud is loosely based on the real-life feuding families from the 19th century.

Persons: Dolly Parton's, Dolly Parton's Hatfield, I'd Organizations: Hatfield Locations: Pigeon Forge , Tennessee

☆ Masa Son is promising a massive investment in Trump’s America. Don’t hold your breath
▼ + stars: | 2024-12-17 | by ( Allison Morrow | David Goldman | ) edition.cnn.com time to read: +5 min

The planned investment will come from Son’s SoftBank Group, which, despite its name, is not a bank — more of a sprawling global tech investing company. Before Trump began his first term, the Japanese conglomerate committed to a $50 billion investment with grand promises of creating 50,000 new jobs. Included in that investment: a satellite startup called OneWeb, which at the time was seen as a competitor to Elon Musk’s Starlink. Bottom line: Son’s investment strategy may not always be on point, but Monday’s announcement was not a typical investment. Son is just the latest in a parade of billionaires who’ve been vying for Trump’s attention and affection.

Persons: CNN Business ’, Donald Trump, Masayoshi Son, Trump, isn’t, Foxconn, Elon Musk’s, SoftBank, OneWeb, Barack Obama, Intel’s, Brian Krzanich, Softbank, who’ve, Jeff Bezos, Mark Zuckerberg, Sam Altman, Kayla Tausche Organizations: CNN Business, New York CNN, Mar, SoftBank, Trump, Microsoft, Elon Musk’s Starlink, Vision Fund, CNN, Caterpillar, NBC, Yahoo, Fund, Amazon Locations: New York, Wisconsin, French, Arizona

☆ Justin Trudeau is facing a political crisis made worse by Donald Trump. Can he survive as Canada’s leader?
▼ + stars: | 2024-12-17 | by ( Lex Harvey | ) edition.cnn.com time to read: +8 min

CNN —Canadian Prime Minister Justin Trudeau soared to victory in 2015 on the promise of change and “sunny ways” for the country. Canadian Prime Minister Justin Trudeau and Finance Minister Chrystia Freeland arrive for a meeting with Ukraine's President Volodymyr Zelenskiy in Kyiv, Ukraine on June 10, 2023. On Monday, Finance Minister Freeland quit her post hours before she was due to deliver an annual fiscal update. Trudeau has so far been adamant that he will stay on as prime minister and has yet to directly acknowledge Freeland’s exit. “The Great State of Canada is stunned as the Finance Minister resigns, or was fired, from her position by Governor Justin Trudeau,” Trump said on his social media platform Truth Social.

Persons: Justin Trudeau, Donald Trump’s, Trudeau, Chrystia Freeland –, –, Who, Pierre Trudeau, Trump, “ You’re, Justin, ”, David Coletto, Coletto, Chrystia Freeland, Volodymyr Zelenskiy, Freeland, ” Freeland, “, Tari Ajadi, McGill University –, Donald Trump, Nicholas Kamm, Tyler Chamberlin, ” Coletto, ” Ajadi, Canada’s, Pierre Poilievre’s, Ajadi, Chamberlin, ” Trump, Trudeau’s, Pierre Organizations: CNN, Canadian, Canada, Liberal, Abacus Data, Trump, Finance, Presidential Press Service, Trump ., The Financial Times, Reuters, Globe and, US, McGill University, Canada's, NATO, Getty, University of Ottawa’s Telfer School of Management, CBC News, Conservative Party Locations: Kyiv, Ukraine, Canada, Trump . Canada, “, United States, Mexico, Watford, England, State, Ottawa

☆ 'Most clients are probably out of balance': BlackRock's stock chief says investors should consider this portfolio change in 2025
▼ + stars: | 2024-12-17 | by ( Christine Ji | ) www.businessinsider.com time to read: +5 min

Buying an S&P 500 index fund has long been considered an easy way to gain broad market exposure and diversification. In the past, the largest sector in the S&P 500 has typically made up less than 20% of the index. As a result, when investors buy the S&P 500 index, they become overexposed to growth by default. That's where value investing comes in, he said, as value stocks provide diversification on both fronts. Growth stocks are mainly found in the technology, consumer discretionary, and communication services sectors," Jesch wrote in a recent note.

Persons: Tony DeSpirito, DeSpirito, that's, they've, it's, aren't, Björn Jesch, they'll, Jesch, Rowe Organizations: BlackRock, Big Tech, DWS, Nvidia, Investors Locations: BlackRock

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. In the S & P 500 and Nasdaq Composite , each stock is assigned a weighting based on its market valuation. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Yun Li, Dow, it's, There's, Sellers, Elliott, Jefferies, didn't, Ingersoll Rand, – Ingersoll Rand, Mills, Jerome Powell, Jim Cramer's, Jim Organizations: CNBC, Dow Jones, Nasdaq, Microsoft, Apple, Depot, Broadcom, Jefferies, Honeywell, Elliott Management, Club, DuPont, United Technologies, GE, United, Fed, Jim Cramer's Charitable Locations: U.S, BlackRock

☆ Grubhub to pay $25 million in FTC settlement over harmful practices against diners, workers
▼ + stars: | 2024-12-17 | by ( Kristian Burt | In | ) www.cnbc.com time to read: +3 min

Grubhub will pay $25 million to settle a lawsuit from the Federal Trade Commission and Illinois Attorney General Kwame Raoul over alleged unlawful practices that harmed diners, workers and small businesses, the FTC announced on Tuesday. The complaint claims that Grubhub deceived diners about delivery costs and blocked access to their accounts. Grubhub has had as many as 325,000 unaffiliated restaurants on its platform, more than half of all of the available restaurants on Grubhub, according to the complaint. The company allegedly listed unaffiliated restaurants to drive growth, but diners often had to pay more in delivery fees from those restaurants which, in turn, damaged their reputations. The complaint further alleged that Grubhub would often avoid removing unaffiliated restaurants off the platform when requested, instead trying to sell them paid partnerships.

Persons: Grubhub, Kwame Raoul, Lina Khan, we're Organizations: Federal Trade Commission, Illinois, FTC, CNBC Locations: Grubhub

☆ My girlfriend and I were long-distance for over a year. When we moved in together, we picked a city that was new to both of us.
▼ + stars: | 2024-12-17 | by ( Adam England | ) www.businessinsider.com time to read: +4 min

My girlfriend and I dated for a year and a half before we decided we wanted to live together. While thinking of where we wanted to live, we decided on Manchester, a city new to both of us. While dating, my girlfriend and I lived in different cities. I'd lived in a few different cities and liked the idea of moving somewhere else for the longer term. AdvertisementWe love exploring our new city togetherIt's been exciting to explore the city together, too.

Persons: I'd, I've, we're, we've, it's Locations: Manchester, London, Southampton, Cardiff, Bath

☆ The 15 most and least expensive cities in the US
▼ + stars: | 2024-12-17 | by ( Madison Hoff | ) www.businessinsider.com time to read: +2 min

Ten of the 15 most expensive metros based on regional price parity data for 2023 were in California. The most expensive US metros are commonly found in California, while many of the least expensive ones can be found in the South. That means prices were 13% more expensive than the national average, making it one of the metros with the highest regional price parities. California was 12.6% more expensive than the national average in 2023, making it the state with the highest regional price parity. Pine Bluff, Arkansas, was around 20% less expensive than the national average, making it the metro with the lowest regional price parity in 2023.

Persons: Vipin Arora, Paso Robles, It's Organizations: California metros, Golden State metros, parities Locations: California . Miami, New York, California, Arkansas, Seattle, San Luis Obispo, San Francisco, Oakland, Berkeley, Seattle , New York, Miami, Boston, Honolulu, Pine Bluff , Arkansas

☆ TikTok's CEO met with Trump as the fight to delay ban heads to Supreme Court
▼ + stars: | 2024-12-17 | by ( Kelsey Vlamis | Aditi Bharade | ) www.businessinsider.com time to read: +3 min

Trump has said he is opposed to the TikTok ban and that he has a "warm spot" for the app. TikTok CEO Shou Chew met with President-elect Donald Trump at Mar-a-Lago on Monday, a person familiar with the meeting told Business Insider. Trump has spoken out against the TikTok ban, which was passed by Congress and signed by President Joe Biden earlier this year. "We'll take a look at TikTok," Trump said at a press conference earlier on Monday. AdvertisementIn his first term, Trump tried to get the app banned in the US.

Persons: Shou Chew, Trump, TikTok, Donald Trump, Joe Biden, Shou, —, Sen, Marco Rubio, Brendan Carr, Jacob Helberg, John Ratcliffe, Doug Burgum, Kristi Noem Organizations: Mar, Business, Congress, America, Federal Communications Locations: Marco Rubio of Florida, U.S, North Dakota, South Dakota

Exactly one week after his star-studded party, the tensions bubbling under the surface boiled over when Ventura sued Combs. "Mr. Combs never sexually assaulted or trafficked anyone — man, woman, adult or minor," lawyers for Combs told BI. October 14, 2024 The first tranche of lawsuits that Buzbee pledged to bring against Combs is filed in New York. November 4, 2024 Combs — who has remained behind bars at Brooklyn's notorious Metropolitan Detention Center since his arrest — celebrates his 55th birthday. Soon after Ventura filed her lawsuit, Combs stepped down as chair of Revolt, the cable network and media company he cofounded.

Persons: Lavo, Janet Jackson, Idris Elba, Naomi Campbell, Sean, Diddy, Combs, Cartier, Cassie Ventura, Ventura, he's, Kenny Hull, Mr, WireImage Combs, Sam Bankman, Arun Subramanian, Marc Agnifilo, James Devaney, Tony Buzbee, Buzbee, John Doe, Jane Doe, Sean Combs, —, Jay, Shawn Carter, Carter, Camron, who's, Mills Sadat Dowlat, Dowlatshahi, Sean John, He's, Evan Agostini, He'd, Forbes, Macy's, he'd, Clayton Durant, tony Holmby, Subramanian, Diddy's, they've Organizations: CNN, luxe, Brooklyn Metropolitan Detention, Boy Records, Prosecutors, Diageo, Metropolitan Detention Center, Roc Nation, Jay, Mr, NBC News, Saks Fifth, Forbes, Global Brands Group, Global Brands, Nation School Locations: London, Los Angeles, Lavo, Brooklyn, Salisbury, Miami, Florida, Manhattan, Texas, Adria, New York, Brooklyn's, Roc, Macy's, Long

☆ AppLovin has rocketed to a $100 billion valuation. Some industry insiders are skeptical its run can last.
▼ + stars: | 2024-12-17 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +11 min

Wall Street has fallen in love with the mobile adtech and gaming company AppLovin. AppLovin's recent push into e-commerce sent its market valuation over the $100 billion milestone. Shares in the mobile ads and gaming company AppLovin have been running wild — and advertising industry insiders have a lot of questions. Jeromy Sonne, the founder of marketing AI technology company Simbiant, has been monitoring the early AppLovin e-commerce results. Advertisement"If Adam was in control, Snap could be a $100 billion business — a $200 billion, $300 billion company — and AppLovin would be stronger too," Merutka said, referring to AppLovin CEO Adam Foroughi.

Persons: AppLovin, It's, Piper Sandler, it's, Adam Foroughi, John Roque, Russell, Tim Nollen, Nollen, Cody Pfloker, Pfloker, Will Holtz, Holtz, Jeromy Sonne, he'd, hadn't, AI's Holtz, Thomson, Alex Merutka, Adam, Merutka, AppLovin execs, Foroughi Organizations: Nasdaq, Meta, Macquarie Equity, Google, AppLovin, Zynga, Thomson Reuters, Bloomberg, Nasdaq Investor Locations: AppLovin, Alto, Farmville

☆ Electoral College: How it’s changed this year
▼ + stars: | 2024-12-17 | by ( Zachary B. Wolf | Ethan Cohen | ) edition.cnn.com time to read: +7 min

That archaic process, known as the Electoral College, has endured multiple repeal efforts and one very serious attempt to undermine it in 2020. But the Electoral College survives. What is the Electoral College timeline? For 2024, the deadline was December 11, which was six days before the Electoral College meets. The Electoral College meeting occurs on the Tuesday after the second Wednesday in December, which is December 17 this year.

Persons: CNN —, it’s, Donald Trump, Kamala Harris, ►, Trump, we’re, ”, Trump’s, Mike Pence, Harris, Pence, Al Gore Organizations: CNN, Electoral College, Electoral, Democratic, ► Governors, National Archives, ► Electors, House Locations: Washington ,

☆ KFile: Pete Hegseth spread baseless conspiracy theories that January 6 attack was carried out by leftist groups
▼ + stars: | 2024-12-17 | by ( Andrew Kaczynski | Winter Hawk | ) edition.cnn.com time to read: +9 min

CNN —President-elect Donald Trump’s pick for secretary of defense, Pete Hegseth, justified the January 6, 2021, US Capitol attack and spread baseless conspiracy theories claiming the initial break-in was a false flag operation carried out by leftist groups disguised as Trump supporters. Hegseth alleged that he had seen evidence firsthand that Antifa members disguised themselves as Trump supporters at the riot. His statements echo widely debunked conspiracy theories propagated by some in conservative circles after the Capitol attack. As previously reported by CNN, the conspiracy about Antifa and the Capitol was promoted by a large roster of right-wing people and entities. Pete Hegseth pushed false flag claims about January 6 riot and justified Capitol violence Hegseth justified the January 6, 2021 Capitol attack and spread baseless conspiracy theories about the initial break-in on a podcast.

Persons: Donald Trump’s, Pete Hegseth, Hegseth, Hegseth’s, he’s, Newt Gingrich, ” Hegseth, “, Donald Trump, Antifa, Trump’s, Rudy Giuliani, Mo Brooks, Matt Gaetz, Trump, JD Vance, ” Shorty, Gingrich, I’ve, They’ve, they’ve, – Hunter Biden, it’s, Kevin McCullough’s, Bill Barr, It’s, ”, ‘ Organizations: CNN, Trump, Capitol, Fox News, New York, FBI, America News Network, Republican, Pentagon, Army - Navy, Warriors, Department of Justice, Dominion Voting Systems, Democratic

CNN —Hamas has become the latest party to the Gaza hostage and ceasefire negotiations to voice optimism about the prospects of reaching a deal, amid a flurry of diplomatic activity in the region. While officials caution that a deal is neither sealed nor guaranteed, the upbeat language and recent diplomatic activity point to significant momentum toward reaching a deal. An Israeli source familiar with the matter told CNN that a deal was still potentially weeks away. Hamas also cautioned that hurdles remain, suggesting that Israel was “imposing new conditions” in the negotiations. “What is brewing now, perhaps, is a major Egyptian-Qatari effort to reach a deal in stages.”“Public anger against Hamas is erupting throughout Gaza,” he said.

Persons: ”, Israel, Joe Biden, –, Jake Sullivan, “, ” Sullivan, Benjamin Netanyahu, Brett McGurk, Biden, McGurk, Sullivan, Yahya Sinwar, Donald Trump, nudging Netanyahu, Einav, Matan Zangauker, Mahmoud Illean, Gershon Baskin, Baskin Organizations: CNN, Hamas, Gaza, Qatari, Islamic Resistance Movement Hamas, Shin, Biden, Doha, US National, Israeli, Israel Locations: Israeli, Doha, Gaza, Egypt, Israel, Qatar, Tel Aviv, Egyptian

☆ Americans will likely get one more interest rate cut this week before the year closes out
▼ + stars: | 2024-12-17 | by ( Ayelet Sheffey | Madison Hoff | ) www.businessinsider.com time to read: +4 min

The Federal Reserve is expected to cut interest rates this week by 25 basis points. The final interest-rate decision of the year is coming this week, and it's likely to give Americans some more financial relief. AdvertisementOn Wednesday, the Federal Open Market Committee is expected to announce another interest-rate cut. The consumer price index's year-over-year growth rate rose from 2.4% in September to 2.6% in October before climbing to 2.7% in November. "The labor market is better, and the downside risks appear to be less in the labor market, growth is definitely stronger than we thought, and inflation is coming a little higher," Powell said.

Persons: Trump, Jerome Powell, Powell, Julia Pollak, Pollak, Cory Stahle, Stahle, Donald Trump, Gregory Daco, Daco Organizations: Federal, FedWatch, Federal Reserve, CPI, The New York Times, Conference, Trump, Fed Locations: China, Canada, Mexico

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