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At first, I was a bit skeptical this was as big of a win for Warner Bros. Carriage fees for cable networks with many live NBA games and a popular studio show ("Inside the NBA") would typically rise. But, after doing a bit of digging, I've come to believe it's a little more of a win for Warner Bros. At first, I was a bit skeptical this was as big of a win for Warner Bros. But, after doing a bit of digging, I've come to believe it's a little more of a win for Warner Bros.
Persons: Alex Sherman, David Zaslav, I'd, Ernie Johnson, Charles Barkley, Kenny Smith, Shaquille O'Neal, , Turner, Ian Eagle, Nate Burleson, Watt, Noah Eagle, Greg Olsen, Jamie Erdahl, Steve Wyche, Laura Rutledge, Mina Kimes, NBC's Devin McCourty, Jason McCourty, I'm, Olsen, Fox, Tom Brady, They're, Comcast's NBCUniversal, they're, Bob Baffert, Contessa Brewer, Baffert, Barnes, Whoopi Goldberg, George Chung, Goldberg, CNBC's Jess Golden, Michael Ozanian, Egon Durban, Michael Meldman, Armour, CNBC's Golden, Gabrielle Fonrouge, Steve Cohen, Juan Soto, Soto, Roger Goodell, Jay, Kendrick Lamar, Z, Sean, Diddy, Combs, Z's, Goodell, David Grogan Organizations: CNBC, Comcast, Warner Bros, Discovery, TNT, NBA, Warner Bros ., Turner Sports, NASCAR, NHL, MLB, sublicensing College Football, ESPN, Max, Netflix, CBS, Kansas City Chiefs, Pittsburgh Steelers, Baltimore Ravens, Houston Texans, NBC Sports, NFL, The New, Fox, Paramount, Kentucky Derby, Medina, Churchill Downs, CNBC Sport, Women's Sports Network, ABC, NBC, Philadelphia Eagles, Buffalo Bills, Miami Dolphins, Ares Management, Las Vegas Raiders, Silver, New York Red Bulls MLS, Illustrated, SI, Authentic Brands, New York Mets, The New York Post, Mets, New York Yankees, Major League Baseball, CNN, Front Office, NCAA, College Football, CFP, Alabama, SEC, Super, Allen & Company Sun Valley Conference Locations: J.J, The New York, Churchill, Baffert, Spain, Portugal, Morocco, Saudi Arabia, Sun Valley , Idaho
The Trump administration promised to reduce the US deficit to 3%. How Trump approaches his tax cut plans will matter, a Pimco economist wrote in the Financial Times. Washington's ballooning debt has prompted a lot of fear among economists and market experts, but there are ways Donald Trump's incoming administration can mitigate the impact. Doing so could yield $100 billion to $400 billion in national savings over the coming decade. Meanwhile, she cited that addressing inefficiencies in healthcare and defense could save Washington $400 billion to $500 billion annually.
Persons: Trump, Donald, Tiffany Wilding, doesn't, Wilding, Joe Biden's, Elon Musk, Vivek Ramaswamy — Organizations: Financial Times, Trump, Congressional, Washington, Government, Republican Locations: Washington, Republican Congress
BEIJING, CHINA - NOVEMBER 9: Chinese President Xi Jinping attends a meeting with Indonesian President Prabowo Subianto (not pictured) at the Great Hall of the People on November 9, 2024 in Beijing, China. China affirmed its recent policy shifts and stressed plans to boost growth in a high-level economic planning meeting that wrapped up Thursday, according to a daily evening news broadcast on state-run CCTV. It added that the meeting also affirmed plans for China to moderately loosen monetary policy. That readout's use of "moderately loose" monetary policy had not appeared since the depths of the global financial crisis in 2008. China typically announces the full-year growth target and fiscal deficit at an annual parliamentary meeting in March.
Persons: Xi Jinping, Prabowo Subianto, Donald Trump Organizations: of, Communist Party, U.S, House, Xinhua, National People's Congress Locations: BEIJING, CHINA, Beijing, China
Learn moreThe 2024 Billboard Music Awards, or BBMAs, have arrived to celebrate the year's best music according to the venerable Billboard charts. We'll show you where to watch the Billboard Music Awards, including live streaming options if you don't have cable. The Billboard Music Awards are back on broadcast TV after a brief 2023 digital-only edition. Where to watch the Billboard Music Awards in the USThe 2024 Billboard Music Awards will air on FOX in the United States. Enjoy the Billboard Music Awards!
Persons: They've, Michelle Buteau, Taylor Swift, Zach Bryan, Sabrina Carpenter, Drake, Morgan Wallen, Swift, Chappell Roan, Luke Combs, Billie Eilish, Roll, We'll, Fubo, ExpressVPN Organizations: Business, Billboard, FOX, NBC, Coldplay, Linkin Park, DirecTV, Bravo, DirecTV Stream, ABC, CBS, ESPN, NBA, NHL, MLB, Paramount, Paramount Plus, NFL, Nickelodeon, Comedy Central, BET, MTV, Showtime Locations: United States, USA
The chipmaker's stock jumped after Broadcom CEO Hock Tan said the company is developing custom AI chips with three large cloud customers. For the year, the company said AI revenue jumped 220% to $12.2 billion. Some of that growth is from ethernet networking parts, which are used to tie together thousands of AI chips. "We see an opportunity over the next three years in AI," Tan told investors on the earnings call. Tan said Broadcom is currently developing AI chips with three very large customers, and he expects each of them them to deploy 1 million AI chips in networked clusters by 2027.
Persons: Hock Tan, Tan, XPUs Organizations: Broadcom, VMware
The "Dogs of the Dow" — a strategy popularized by investor Michael O'Higgins in the early 1990s — comprises of the 10 members of the Dow Jones Industrial Average with the highest dividend yields. By buying these names, investors bet on receiving a steady steam of cash payouts, in addition to their stock prices appreciating. These stocks also tend to be of higher quality given their inclusion in the 30-stock Dow. "The idea here is that just because they're 'Dogs of the Dow' — some of them really are dogs — and you have to be careful and selective as a stock picker," he told CNBC in an interview. Similarly, had Nvidia not replaced Intel in the blue-chip index last month, Intel would have also made 2025's "Dogs of the Dow" list, Simpson added.
Persons: Michael O'Higgins, Kevin Simpson, Simpson, Gamble, Dow —, Dow Jones, Sherwin, Williams, Goldman Sachs, , Jesse Pound Organizations: Dow Jones, Dow, Verizon Communications, Chevron, Business Machines, Cisco Systems, Wealth, CNBC, McDonald's, Procter, Gamble, Verizon, Walgreens Boots Alliance, Walgreens, Amazon, Dow Inc, Nvidia, Intel, IBM Locations: Amgen
Meta donates $1 million to Trump's inaugural fund: Reuters
  + stars: | 2024-12-12 | by ( ) www.cnbc.com   time to read: +1 min
Meta CEO Mark Zuckerberg makes a keynote speech during the Meta Connect annual event, at the company's headquarters in Menlo Park, California, U.S. September 25, 2024. Meta Platforms has donated $1 million to President-elect Donald Trump's inaugural fund, a company spokesperson told Reuters in an emailed response. The Wall Street Journal, which first reported the news, said the donation was a departure from past practice by CEO Mark Zuckerberg and Meta. Trump and Zuckerberg's Meta have had strained relations in the aftermath of the 2020 presidential election. Meta suspended Trump's Facebook and Instagram accounts for about two years following the January 2021 Capitol riots.
Persons: Mark Zuckerberg, Donald Trump's, Zuckerberg, Donald Trump, Joe Biden, Biden, Kamala Harris, Trump, Meta Organizations: Meta, Reuters, Street, Democratic, New York Times, Trump . Trump, Zuckerberg's, Facebook Locations: Menlo Park , California, U.S
These days, only about 62% of high school seniors in the U.S. immediately go on to college, down from 68% in 2010, government data shows. Ballooning costs have played a large role in a changing mindset, according to Candi Clouse, a vice president at Implan. That has left some colleges and universities in a severe financial distress, according Implan's Clouse. On average, each college or university that shuts down affects 265 jobs and $14 million in labor income, according to Implan's calculations. In the years since, there has been a wave of schools declaring "financial exigency," according to the Fed.
Persons: Andersen Ross, Candi Clouse, Implan's Clouse, Clouse Organizations: Andersen Ross Photography Inc, Getty, Federal Locations: U.S, Implan
We've compiled everything you need to know about how to buy Phish tickets so that you don't need to worry about missing out on any of the fun. Below, we've broken down everything you need to know about buying Phish tickets, including a schedule and comparison between original and resale ticket prices. If it's your first time buying through Vivid Seats, you can get $20 off an order of $200 or more using the code INSIDER20. How much are Phish tickets? Phish ticket prices vary depending on the date.
Persons: We've, , Trey Anastasio, Mike Gordon, Jon Fishman, Page McConnell — Organizations: Business, Madison, Phish, Ticketmaster, Vivid Locations: New York, Las Vegas, Manhattan
Courtesy of Chloé Skye WeiserWinter is a great excuse to visit nearby towns for a change of scenery. Courtesy of Chloé Skye WeiserCreating and keeping rituals helps cultivate a feeling of coziness. Vinterbadning, or winterbathing, is a tradition where Danes alternate dips in cold water with stints in the sauna. I first learned about it on Archipelago, a podcast hosted by James Clasper, a fellow expat in Denmark. Courtesy of Chloé Skye Weiser
Persons: I've, Year's, Skye Weiser, Danes, it's, we've, James Clasper Organizations: Danish Celiac Association, Dansk, Association, Odense — Locations: Odense, Danish, Funen, Denmark, Vejle, Copenhagen
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJP Morgan: market disappointment likely as China's CEWC expected to fall short on policy substanceJames Sullivan of JP Morgan discusses strategies for navigating China's markets amid 'air pocket' before next year's politburo meeting in China.
Persons: JP Morgan, James Sullivan Locations: China
There are some Christmas traditions in England that might confuse people from the US. Christmas pudding, a popular holiday dessert in the UK, is probably unfamiliar to most Americans. Richard Stonehouse/ Getty ImagesIn the UK, you're likely to hear "Happy Christmas" instead of "Merry Christmas," and "Father Christmas" instead of "Santa Claus." Gideon Mendel/Corbis/Getty ImagesOne of the more confusing British holiday traditions (for Americans at least) is pantomime, which are over-the-top musical comedies based on famous fairy tales. Daniel Kaesler / EyeEm / Getty ImagesAnother difference between US and UK Christmas customs comes after all of the festivities have ended.
Persons: Richard Stonehouse, Gideon Mendel, Corbis, John Lewis, Sainsbury, they're, it's, Queen Elizabeth II, King Charles III, Jonathan Brady, King George V, Daniel Kaesler, Jesus, Read Organizations: BBC America, Tesco, Pops, BBC, Buckingham Palace Locations: England, United States, United Kingdom, Santa Claus, British, Singapore, South Africa, Buckingham
‘Nosferatu’s not-so-subtle art of sartorial seduction
  + stars: | 2024-12-11 | by ( Leah Dolan | ) edition.cnn.com   time to read: +7 min
In director Robert Eggers’ latest film, “Nosferatu,” the year is 1838, and the ancient Translyvanian vampire has been tainting Ellen’s dreams with psychosexual nightmares since she was a child. “There’s a lot of time spent in nightgowns,” Muir said. Floating and paper-thin, Ellen’s nightgowns are built to appear sensual — we often see them so sweat-soaked they’re transparent. Aidan Monaghan/Focus Features"There's a lot of time spent in nightgowns," said Muir of the vampire film. “Robert (Eggers), whether intentional or not, is a hugely feminist writer,” said Muir.
Persons: CNN —, ” whimpers Ellen, Lily, Rose Depp, Count Orlok’s, Robert Eggers ’, , Murnau, Bram Stoker’s, ” —, Ellen, Count, Eggers, , Bill Skarsgard, Aidan Monaghan, Linda Muir, Eggers ’, ” Muir, Muir, paisley, Simone Rocha Fall, ’ ”, Depp, Emma Corrin, Anna Harding, it’s, isn’t, Rose, Sievers, Ralph Ineson, “ Robert, Robert Eggers, Joséphine Bonaparte, “ You’re Organizations: CNN, Ellen’s Locations: nightgowns
China's exports grew 6.7% in November, hitting $312 billion, despite economic challenges. The growth reverses last year's decline, driven by strong global demand and frontloaded orders. It's been a difficult year for China's economy, but the country is still expected to hit its GDP growth target, thanks to strong global demand for its exports. AdvertisementIn November, China's exports grew 6.7% from a year ago to $312 billion — the highest level since September 2022, per official data released on Tuesday. However, given that China's exports in November were strong due to stockpiling, its upside could be short-lived — especially as global demand slows.
Persons: It's, Donald Trump's, Lynn Song, Trump, Trump's, Ting Lu, Lu Organizations: Trump, BofA Securities, ING, Beijing, , Economic Work, Xinhua, Markets Locations: Beijing, China, Xinhua
The news The added Apple Intelligence features — including the infusion of the OpenAI chatbot and new image-generating and editing tools — became available to the public Wednesday in the latest version of the company's mobile operating system, iOS 18.2. To be sure, Apple Intelligence is only available on newer Apple devices, specifically the iPhone 15 Pro and this year's iPhone 16 models. Certain Macs and iPads will have access to the newest AI features as well. "Overall, a staggered rollout of iOS18.2/3/4 Apple Intelligence features makes [iPhone 16/17] cycle different from prior cycles," said the Citi analysts, who reiterated their buy rating on the stock. AI adoption also could boost Apple's high-margin services business if users are willing to pay monthly fees to access additional Apple Intelligence features down the line.
Persons: Siri —, Apple, Siri, Apple Intelligence —, Tim Cook, , It's, Jim Cramer, Jeff Marks, Jim, Jim Cramer's, Jaque Silva Organizations: Apple, Apple Intelligence, Conference, Citi, Tuesday, CNBC, Nurphoto, Getty
Elon Musk and Vivek Ramaswamy, co-heads of DOGE, have expressed admiration for Milei's policies. When Milei took over in December 2023, Argentina's inflation stood at 25.5%, while economic activity had fallen 4.5% year over year. AdvertisementArgentina's inflation rate dropped to 2.7% this October — the lowest level in three years, according to the predicting market website Kalshi. AdvertisementHowever, Facundo Nejamkis, director of Opina Argentina, a political consultancy firm, told Reuters that Milei's cuts have ignited a "major" recession. AdvertisementIn the first five months of 2024, Argentina's government achieved a primary fiscal surplus of 1.1% of GDP — its first in 12 years.
Persons: Javier Milei, Elon Musk, Vivek Ramaswamy, Milei, Donald Trump, Musk, Ramaswamy, Ignacio Labaqui, Facundo Nejamkis, Maria Victoria Murillo, Juan Cruz Díaz, Cruz Díaz Organizations: Elon, firebrand, Medley Global, Reuters, BBVA, Institute of Latin American Studies, Columbia University, Argentine, Global, BBVA Research, Cefeidas Group, Ramaswamy Locations: Argentina
WASHINGTON — Rep. Bennie Thompson, who chaired the now-defunct House Jan. 6 committee, pushed back Tuesday against President-elect Donald Trump's suggestion that the panel's former members should be imprisoned. The suggestion is "absolutely wrong," the Mississippi Democrat told reporters on Capitol Hill, saying that the committee did nothing "that violates the law." "Just because you disagree with the work of the committee," Thompson said, it's no reason "to threaten those members of the committee with jail, so obviously that’s his opinion." House Democratic Caucus Rep. Pete Aguilar, D-Calif., who also served on the Jan. committee, said Tuesday that he and the other committee members did their job and "upheld the rule of law." "Donald Trump’s suggestion that members of Congress who later investigated his illegal and unconstitutional actions should be jailed is a continuation of his assault on the rule of law and the foundations of our republic."
Persons: Bennie Thompson, Donald Trump's, Thompson, Pete Aguilar, Trump, Cheney, that’s, Kristen Welker, I’m, Kamala Harris, Donald Trump’s Organizations: WASHINGTON —, Mississippi Democrat, Capitol, House Democratic, Rep, United States Capitol, Press
The 10 best-dressed people of 2024
  + stars: | 2024-12-10 | by ( Mykenna Maniece | ) www.businessinsider.com   time to read: +1 min
Cynthia Erivo nailed her "Wicked" press tour looks. Cynthia Erivo's press tour looks for "Wicked" were some of the year's best. But what elevates Erivo's press tour looks from her counterparts? "When you're giving a nod to a theme, it can simply be the color, like Cynthia Erivo wore green. So, I think it's less is more, and just taking one element and not making it a whole thing," he said.
Persons: Cynthia Erivo, Cynthia Erivo's, Rogel Blanquet, Stringer, Tim P, Whitby, Gilbert Flores, who's, Woolf, Thom Browne, Louis Vuitton, Erivo, Vuitton, it's Organizations: London, Vogue Locations: Mexico City
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
The NBA Cup, formerly known as the In-Season Tournament, begins knock-out stage play on Tuesday. NBA ratings are down 17% so far this season, but NBA Cup games have outperformed the general trend. AdvertisementDespite early-season ratings declines, there's been a bright spot: fans seem especially interested in the NBA Cup. "But we're definitely seeing some strength, especially when we have top matchups on — and certainly with the NBA Cup games." The NBA hopes that knock-out round games will draw stronger viewership than group-play games, like they did last year.
Persons: IBM's Jonathan Adashek Cord, NBA execs, Evan Wasch, there's, it's, Wasch, Jenny Whitlock, Tyrese Haliburton, LeBron James, what's, Whitlock Organizations: NBA, League, Business, Nielsen, Disney's ESPN, Comcast's NBC, BI, NFL, Indiana Pacers Locations: Las Vegas, New York, Atlanta, Orlando, Milwaukee, Seattle, Vegas, Sin
Finding Hidden Gems
  + stars: | 2024-12-10 | by ( Frank Holland | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFinding Hidden GemsThis year's major run for stocks has made it particularly hard for value investors to find attractive new opportunities. We speak to famed value investor John Rogers about the sectors he believes have the most upside potential in the year ahead.
Persons: John Rogers
Nina Unlay fulfilled her dream of working in London when she landed a reporter job in 2019. After only 10 months, she got on a flight back home to Manila and fell in love soon after. AdvertisementWhen I landed a job in my dream city, I thought the hard part was over. Also, after having studied in London, I knew that this was enough for me to get by. My fiancé is a Filipino-American who was born in Virginia and moved to the Philippines when he was 5.
Persons: Nina Unlay, she'll, , Unlay, who'd, I've, Kiko Martinez Four, it's Organizations: EU, Broadway, Economist Intelligence Unit, Metro Manila, London Locations: London, Manila, Philippines, Philippine, Victoria, East, North London, Hackney, Vancouver, Toronto, New York, Metro Manila, Filipino, American, Virginia
There are too many people and a limited water supply due to a decreasing number of lakes. I've never struggled with water supply in the past: I have access to a well, rainwater harvesting, and facilities to store water from the public supply. But this year, I noticed the public water supply was running out more frequently, so even I had to buy water a few times. There are opportunities in tech and other industries serving that community, such as schools, public transport, and cooking. It's going to take a long while for anything to change, so I still think Bengaluru will continue to be "India's Silicon Valley."
Persons: Vikram Chandrashekar, Chandrashekar, It's, I've, I'm, they're, that's Organizations: Indian Institute of Science, Raman Research, Infosys, Wipro, Texas Instruments, Oracle, Jobs Locations: Bengaluru, India, Valley, J.P, Nagar, Silicon Valley, there's, Hyderabad, Mumbai, Mysore, Mangalore, Silicon
Investors are in the final stretch of 2024, and many are moving money from the year's big winners into the biggest losers. The 25 biggest laggards in the index year to date had a much better day. "Investors were selling winners and buying losers to quite an extreme degree." "American Airlines [is] closer to a have than a have-not," analyst David Vernon wrote in a note. AAL's ability to more easily pay down its debts enhances the company's outlook," Vernon wrote.
Persons: Russell, Wolfspeed, Lucid, it's, NVDA, Wolfe, Rob Ginsberg, Bernstein, David Vernon, Vernon, remunerations Organizations: Investment Group, Nvidia, Wolfe Research, Airlines, Citi Locations: China, Wall
Some Spotify users this year lambasted the music streaming app's popular year-end round-up, Wrapped. When Spotify dropped its viral year-end musical round-up Wrapped earlier this month, the disappointment online was palpable. Advertisement"I'm not usually one to complain but this was one of the most boring Spotify Wrapped recaps I've been a part of and I've been a member since 2017," Business Insider reported a Reddit user said. AdvertisementWhile some users called it a flop, a Spotify spokesperson told Business Insider it was the biggest year yet for the music streaming app's year-end round-up. "In the first 12 hours this year's Wrapped was the biggest we've seen, up over 26% compared to day one in 2023," the Spotify spokesperson told BI.
Persons: I've, Sydney Brown, Glenn McDonald, McDonald, Myers, Briggs Organizations: Spotify, The New York Times, Spotify hasn't
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