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☆ Billionaire Gautam Adani indicted in New York on bribery charges
▼ + stars: | 2024-11-20 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +3 min

New York CNN —Indian billionaire Gautam Adani and other executives were indicted in New York for roles in a multi-billion-dollar fraud scheme, the US Department of Justice said Wednesday. Authorities said Adani and seven other senior business executives, including his nephew Sagar Adani, promised more than $250 million in bribes to Indian government officials to secure solar energy contracts. Worth more than $85 billion, Adani is Asia’s second-richest person behind countryman Mukesh Ambani, according to Bloomberg’s Billionaires Index. The solar energy supply contracts were projected to raise more than $2 billion in profits after tax over an approximately 20-year period. The defendants frequently met and discussed the bribery scheme, including evidence on several phones.

Persons: Gautam Adani, Adani, Sagar Adani, ”, Lisa Miller, Worth, Mukesh Ambani, Cyril Cabanes, Adani Green, Jeff Bezos –, Hindenburg, Narendra Modi, CNN’s Diksha Madhok Organizations: New, New York CNN, US Department of Justice, Authorities, Adani Group, Indian, DOJ, Securities and Exchange Commission, Adani Green Energy Ltd, Power, SEC, Hindenburg, Bloomberg, Adani Enterprises, CNN Locations: New York

☆ Marc Rowan is the visionary behind Apollo's private-credit boom. Here's what happens if he leaves for the Trump White House.
▼ + stars: | 2024-11-20 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +5 min

AdvertisementApollo CEO Marc Rowan has transformed Apollo since he took over as CEO in 2021. Since Marc Rowan took over Apollo Global Management in 2021, he's transformed the firm — sending the stock skyrocketing. Representatives for Apollo didn't return a request for comment on Rowan's plans or the firm's succession plans. Rowan is Apollo's second CEO since the firm was founded in 1990. In a presentation to investors in October, Rowan unveiled plans to double down on the firm's lending business.

Persons: Marc Rowan, Donald Trump, he's, Chris Kotowski, Oppenheimer, Rowan, Kotowkski, Marc, Kotowski, Scott Kleinman, Jim Zelter, Grant Kvalheim, Apollo didn't, Leon Black, Jeffrey Epstein, Apollo, Black, Epstein, Josh Harris, Harris, Athene, Kleinman, Zelter, Trump, it's Organizations: Apollo Global Management, Trump White House, APO, Washington, Apollo, Citigroup, Athene, Trump Locations: Athene USA

☆ Pictet Chief Asia Strategist: Chinese companies are 'much better prepared' for Trump 2.0 tariffs
▼ + stars: | 2024-11-20 | 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 EmailPictet Chief Asia Strategist: Chinese companies are 'much better prepared' for Trump 2.0 tariffsDong Chen of Pictet argues that Chinese companies are better prepared to circumvent potential Trump 2.0 tariffs. Trump's win also strengthens the USD, resulting in postponed rate cuts by southeast Asian central banks.

Persons: Dong Chen, Pictet Organizations: Pictet, Trump Locations: Asia

☆ Catastrophic damage closed swaths of the Appalachian Trail. Now thousands are working to restore it
▼ + stars: | 2024-11-20 | by ( Graham Hurley | ) edition.cnn.com time to read: +12 min

The Appalachian Trail extends for almost 2,200 miles across 14 states – from Springer Mountain in Georgia to Mount Katahdin in Maine. Portions of the trail in North Carolina’s Pisgah National Forest suffered the most severe damage and remain closed. Towns and businesses need the trail’s trafficThe Appalachian Trail is more than a footpath for many people. Every year thousands of people attempt to hike the entire trail or “thru-hike” it, and about 3 million people visit portions of the trail, according to the Appalachian Trail Conservancy. The total cost of the repairs along the trail remains unclear while officials continue assessing the full extent of the wreckage, the Appalachian Trail Conservancy said.

Persons: Terry Wise, Hurricane Helene, ”, Wise, Helene, –, “, Michelle Mitchell, Franklin Tate, They’ll, Tate, ” Wise, It’s, ’ ” Wise, Johnny’s, We’re, Ed Clark, ” Clark, Roy Cooper’s, Paul Curtin, Curtin, Crews, ” Curtin, Mitchell, Terra Caballero, Caballero, ” Caballero, Billoy, Shutterstock Craig Stivers, Stivers, Erwin, ” Stivers Organizations: CNN, Volunteers, US Forest Service, National Park Service, Forest Service, Forest, Cherokee, North Carolina . North Carolina Forest Service, Appalachian, Conservancy, Forest . United States Forest Service, North Carolina Gov, Carolina Mountain Club, Asheville . United States Forest Service, US Department of Transportation, Officials, conservancy, Unicoi Locations: Erwin , Tennessee, East, Springer, Georgia, Katahdin, Maine, Georgia , North Carolina , Tennessee, Virginia, Southern, North, Pisgah, Tennessee, North Carolina, Hurricane, North Carolina . North, Towns, Appalachian, Erwin, Hot Springs , North Carolina, The, Asheville, Forest, Bent, Asheville ., South Carolina , Tennessee, Florida, Hurricane Milton

☆ Savings, CD and Checking Account Interest Rates Today: Earn up to 5% APY
▼ + stars: | 2024-11-20 | by ( Business Insider | ) www.businessinsider.com time to read: +7 min

Featured High Interest Checking Account Offers Compare checking accounts that offer high APYs, rewards on debit card purchases, or both. UFB Direct Freedom Checking with Portfolio Savings: Earn 2.00% APY on your checking account. High-Yield Savings AccountsThe best high-yield savings accounts provide the security of a savings account with the added bonus of a high APY. A checking account is like a hub for your money: If your paycheck is direct deposited, it's typically to a checking account. 2-Year CDsThe best 2-year CD rates will be slightly lower than 1-year and no-penalty CD rates.

Persons: APYs, —, Cash, we've Organizations: Federal Reserve, Cash Locations: —

☆ What Trump's return to the White House could mean for global bond yields
▼ + stars: | 2024-11-20 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +6 min

Bloomberg | Bloomberg | Getty ImagesDonald Trump's U.S. election victory has ratcheted up concerns about higher prices, prompting strategists to rethink the outlook for global bond yields and currencies. Trump's return to the White House is seen as likely to throw a wrench in the Federal Reserve's rate-cutting cycle, potentially keeping an upward bias on Treasury yields. Bond yields tend to rise when market participants expect higher prices or a growing budget deficit. "Trump's election advances both possibilities as a trade war and increased fiscal spending work at cross purposes," he added. Germany's 10-year bond yield, the benchmark for the euro zone, stood at 2.337% on Wednesday, marginally lower for the session.

Persons: Donald Trump, Donald Trump's, Alim Remtulla, Remtulla, Kamala Harris, there's, Trump, There's, Shannon Kirwin, Kirwin, Sameer Goel, CNBC's, doesn't, Goel, MUFG Organizations: Bloomberg, Getty, EFG, Fed, CNBC, Treasury, Democratic, New York Stock Exchange, China News Service, Morningstar, European Union, Deutsche Bank, Trump, U.S, U.S ., Singapore, Malaysian, South Korean, ING Locations: Greensboro , North Carolina, Europe, United States, New York City, U.S, Mexico, Asia, China

☆ Three global stocks stocks to own in 2025, according to Barclays
▼ + stars: | 2024-11-20 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

The outlook for equity markets looks "decent" going into 2025, according to Barclays, as central banks cut interest rates and the global economy remains resilient. The bank named "overweight-rated stocks in which our analysts have high conviction in 2025 and see value in owning on an individual basis." Here are three of Barclays' top picks, which it gives over 35% upside potential: Shell Barclays is bullish on Shell and has a target price of £36 ($45.60) on the stock, giving it around 40% upside potential. They are currently trading around a three-times discount to their five-year average, Barclays' analysts said. Barclays has a target price of 160 euros ($169.50) on the Amsterdam-listed stock, giving it 44% potential upside.

Persons: BeSi, — CNBC's Michael Bloom Organizations: Barclays, Shell Barclays, Shell, London Stock Exchange, AstraZeneca, London, Stockholm Stock Exchanges, BE Semiconductor, BE Semiconductor Industries, Euronext Locations: U.S, —, Euronext Amsterdam, Amsterdam

☆ European Central Banks warns of trade tension risks to euro zone financial stability
▼ + stars: | 2024-11-20 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

Rising global trade tensions present a risk to the euro area economy, the bloc's central bank found in its biannual Financial Stability Review out on Wednesday. The European Central Bank also said weak growth was now a bigger threat than high inflation in the 20-nation euro zone. The latest figures recorded euro zone economic growth at a two-year high of 0.4% in the third quarter, while headline inflation hit 2% in October. "Rising global trade tensions and a possible further strengthening of protectionist tendencies across the world raise concerns about the potential adverse impact on global growth, inflation and asset prices," the Financial Stability Review said. Economists say the knock-on impact of implementing these measures could drag on the euro, if a slowdown in exports spurs the ECB to cut interest rates further and faster.

Persons: Donald Trump's Organizations: European Central Bank, ECB, U.S Locations: U.S, China

At 34, he was the city’s youngest ever mayor, and he campaigned on a promise of self-determination for the predominantly Black city. It’s an ongoing factor in Mississippi politics,” said Leslie McLemore, a former Jackson State University political science professor who also once sat on the Jackson City Council. That was on top of years of boil-water notices that eroded residents’ trust in the city’s water supply. In April, a push by conservative legislators to strip local control of the city’s water system failed for the second time in the House. Rogelio V. Solis / AP fileByron D'Andra Orey, a political science professor at Jackson State University, said the bribery scandal could shape the municipal elections.

Persons: JACKSON, —, Chokwe Antar Lumumba, Jackson, Lumumba, Jody Owens, Aaron Banks, Angelique Lee . Lumumba, Owens, Banks, Lee, “ I’m, Virgi Lindsay, Lindsay, ”, Leslie McLemore, ” McLemore, ” Jackson, Lauren Witte, Ronnie Crudup Sr, “, that’s, Jacksonians, “ It’s, ” Kim Meeks, Rogelio V . Solis, Zakiya Summers, Summers, Tate Reeves, Reeves, Bill, “ H.B, Liam Kennedy, Chokwe Lumumba, Tupac Shakur, ” Jacksonians, Rukia Lumumba, Annie Cooper, Jan, Byron D'Andra Orey, CJ Rhodes, Mount Organizations: Miss, City, Republican, Democratic, Jackson State University, Jackson City Council, USA, New Horizon Church, City Council, DA, Rep, U.S . Justice Department, NAACP, Mississippi Army National Guard, Lumumba, Clarion, Ledger, ”, State Capitol, Mount Helm Baptist Locations: Black, Hinds, ”, Mississippi, Jackson, Mississippi’s, Jackson’s Fondren, Hinds County, “, Northwest Jackson, Mount Helm

☆ Central banks now 'focused on the fight for growth,' economist says
▼ + stars: | 2024-11-19 | 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 EmailCentral banks now 'focused on the fight for growth,' economist saysKokou Agbo-Bloua, global head of economics, cross-asset and quant research at Societe Generale, discusses the economic and central banking outlook.

Persons: Kokou Agbo Organizations: Societe Generale

☆ CNBC Daily Open: Tesla helps the Nasdaq snap its losing streak
▼ + stars: | 2024-11-19 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Individual stocks sway indexesOn Monday, the S&P 500 rose 0.4% and the Nadaq Composite added 0.6%, mostly spurred higher by Tesla . Shares of Goldman Sachs and Salesforce fell, causing the Dow Jones Industrial Average to drop 0.1%. Autonomous vehicles on the agendaTesla shares jumped 5.6% after it was reported that President-elect Donald Trump's incoming administration plans to draw up a federal framework that will regulate self-driving vehicles.

Persons: Goldman Sachs, Salesforce, Donald, Howard Marks, Goldman Organizations: CNBC, Tesla, Dow Jones, China's CSI, Nasdaq, BDO, Vice, JPMorgan, UBS Locations: Asia, Pacific, Hong Kong, China China, China

☆ Market veteran Howard Marks cautions that China's economic growth target is a 'Herculean challenge'
▼ + stars: | 2024-11-19 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +2 min

Veteran investor Howard Marks said he was hopeful about China's economy, but cautioned that the country's growth target was a monumental challenge. China has set a growth target of "around 5%" for 2024, though Bank of America and Citigroup, among others, have projected the world's second-largest economy will grow at under 5%. The World Bank has pegged China growth in 2024 at 4.8%, and expects it to decline further to 4.3% next year, despite a recent slate measures to boost the economy. The World Bank cited headwinds such as sluggish Chinese consumer spending, a struggling property market and an ageing population as key concerns for the world's second-largest economy. "You can't produce economic growth through stimulus perpetually.

Persons: Howard Marks, Marks, CNBC's Emily Chan, it's, Donald Trump's, Xi Jinping Organizations: Oaktree Capital Management, Global Financial, Investment Summit, Hong Kong Monetary Authority, Bank of America, Citigroup, Bank, People's Bank of China Locations: China

☆ 'Go for gold' says Goldman Sachs, but other Wall Street banks aren't so sure
▼ + stars: | 2024-11-19 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

Three Wall Street banks have taken differing views on gold's trajectory in 2025, reflecting the complex economic outlook. Goldman Sachs expects the price of the yellow metal to reach $3,000 per ounce by December 2025, saying "Go For Gold" in a note from Nov. 17. The gold price has declined by 7% since late October as the risk of a disputed U.S. election result diminished. While maintaining a positive outlook on gold, UBS warned that its gains — gold had risen 35% this year until November — could slow down. Goldman Sachs pointed to a fivefold increase in central bank gold purchases, driven by concerns about financial sanctions and sovereign debt sustainability.

Persons: Goldman Sachs, Donald Trump's, Goldman, Daan Struyven, Karen Ward, Ward, Arend Kapteyn, Bhanu Baweja, — CNBC's Michael Bloom Organizations: Trump, JPMorgan Asset Management, UBS Locations: U.S, Europe, Middle East, Africa, Switzerland, Russia, Ukraine

☆ Insana: Stock market exuberance after Trump’s win could be overshadowing economic worries
▼ + stars: | 2024-11-19 | by ( Ron Insana | ) www.cnbc.com time to read: +5 min

In the wake of President-elect Donald Trump's Nov. 5th victory, the stock and bond markets have had decidedly different reactions to the news. Initially, the stock market surged, while bonds sold off and drove interest rates higher. The bond market, along with other inflation indicators, have shown some concern about the notion that tax cuts pay for themselves. There have also been worries that the Trump tax cuts, if extended, would add considerably to annual deficits and the sum of the national debt. The stock market is viewed more favorably by many, as was Zeus in "Clash of the Titans."

Persons: Donald Trump's, Biden, Trump, Elon Musk, Vivek Ramaswamy, Ramaswamy, Ron Insana Organizations: Nasdaq, Trump, of Government, Social Security, Congressional, Office, CNBC Locations: U.S, Trump's, China

☆ Financial stocks could see a boost under Trump. These names offer solid dividends
▼ + stars: | 2024-11-19 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

Financial stocks are one corner of the market that's set to reap the benefits under a second Trump administration. The bank currently offers a 2.8% dividend yield, and has posted 10.2% dividend growth in the past year. Regions' dividend yield is at 3.8%, and the bank has grown its dividends by 18.9% in the past year. However, consensus price targets suggest a decline just shy of 1% could be in the cards for Regions Financial. Other financial stocks offering solid dividends include investment bank Goldman Sachs and credit card provider Discover Financial Services .

Persons: Trump, Donald Trump, Morgan Stanley, Wells, Mike Mayo, Mayo, Matt O'Connor, Bank of New York Mellon, Robin Vince, Brian Bedell, Goldman Sachs Organizations: Bank, P Bank ETF, Regional Banking, CNBC Pro, Financial, Deutsche Bank, Regions Financial, Bank of New York, Bank of New York Mellon, Discover Financial Services Locations: —

☆ 'Top quality asset': Strategist names his top stock to buy in India right now
▼ + stars: | 2024-11-19 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +2 min

Indian markets have been under pressure in recent weeks, but strategist Matt Orton remains bullish on the country, revealing "one of his favorite" stocks right now. ICIC Bank One stock that stands out to Orton is private bank and financial services player ICICI Bank . "ICICI Bank is one of my favorite picks because it's just a top-quality asset. ICICIBANK-IN YTD mountain Year-to-date shares in ICICI Bank Orton said ICICI is among the three "domestic systemically important banks," or those considered " too big to fail " banks by the Reserve Bank of India. According to FactSet data, of 44 analysts covering the stock, 41 give it a buy or overweight rating, while the remaining three have a hold call.

Persons: Matt Orton, Raymond James, CNBC's, Orton, it's, ICICI Bank Orton, Jefferies Organizations: Raymond James Investment Management, Bombay Stock Exchange, ICICI Bank, India's, Bombay Stock Exchanges, ICICI, Reserve Bank of India Locations: bullish, India, U.S, Mumbai

☆ Geopolitics are finally starting to play a role in stock market action
▼ + stars: | 2024-11-19 | by ( Bob Pisani | ) www.cnbc.com time to read: +3 min

The S & P 500 has been drifting lower for a week. Pity the Wall Street strategists Pity the poor Wall Street strategists who are now writing their 2025 outlooks. That is about 10% above the current S & P 500 level. What is the current average yearly return of the S & P 500? The S & P 500 is up 0.3% since the close on Election Day.

Persons: Donald Trump's, Brian Belski, Morgan Stanley, Mike Wilson, Goldman Sachs, David Kostin Organizations: Bulls, Street, BMO Capital, UBS, ISI, Trump Locations: Russia, Ukraine, Iran

☆ China's top financial officials set to speak at Hong Kong summit
▼ + stars: | 2024-11-19 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +2 min

GUANGZHOU, CHINA - APRIL 6: Chinese Vice Premier He Lifeng prepares for a meeting with U.S. Treasury Secretary Janet Yellen on April 6, 2024 in Guangzhou, China. Chinese Vice Premier He Lifeng and several other top financial policymakers are scheduled to speak Tuesday at a global financiers summit in Hong Kong. Hosted annually by the Hong Kong Monetary Authority, the third Global Financial Leaders Investment Summit will hold its main events throughout the day, after hosting guests at a welcome dinner on Monday evening. He, who oversees a top-level economic and financial policy-making body, would be delivering an opening keynote speech at the summit, according to South China Morning Post. Li Yunze, minister of China's National Financial Regulatory Administration, along with with Wu Qing, Chairman of China Securities Regulatory Commission and Zhu Hexin, deputy governor of People's Bank of China, are scheduled to discuss mainland China's financial developments in a panel, according to HKMA's agenda of the summit.

Persons: Lifeng, Janet Yellen, Li Yunze, Wu Qing, Zhu Hexin, Daniel Pinto, Morgan Stanley, Ted Pick, Jane Fraser, Goldman Sachs, David Solomon Organizations: U.S, Treasury, Hong Kong Monetary Authority, Global Financial, Investment, China Morning, Financial Regulatory Administration, China Securities Regulatory Commission, People's Bank of China, JPMorgan Chase, Citigroup Locations: GUANGZHOU, CHINA, Guangzhou, China, Hong Kong, Beijing

☆ Visa and Mastercard execs grilled by senators on 'duopoly,' high swipe fees
▼ + stars: | 2024-11-19 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com time to read: +4 min

Interchange fees, also known as swipe fees, are paid from a merchant's bank account to the cardholder's bank, whenever a customer uses a credit card in a retail purchase. "In 2023 alone, Visa and Mastercard charged merchants more than $100 billion in credit card fees, mostly in the form of interchange fees," Durbin told the committee. Visa and Mastercard, however, stand by their swipe fees. But the current high credit card swipe fees for retailers translate to higher prices for consumers, the National Retail Federation told the committee in a letter ahead of the hearing. "Last year, the average American spent $1,100 in swipe fees, more than they spent on pets, coffee or alcohol."

Persons: Bill Sheedy, Linda Kirkpatrick, Democratic Illinois Sen, Dick Durbin, Durbin, Republican Kansas Sen, Roger Marshall, Ryan McInerney, Sheedy, Americas Linda Kirkpatrick, Dodd, Frank, Roger Alford, General Merrick Garland Organizations: Visa, Americas, Mastercard, Committee, Democratic Illinois, Republican Kansas, Credit, National Retail Federation, Notre Dame University Locations: Washington ,

☆ CNBC Daily Open: It’s not unexpected markets are back to preelection levels
▼ + stars: | 2024-11-18 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Source: NYSEThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Last Monday, the S&P closed above 6,000 and the Dow finished the day above 44,000 for the first time. When markets closed on Friday, the S&P lost 2.1% and the Dow had fallen 1.2% for the week — both ending the week below their milestones. Those were the worries weighing on markets last week, which brought the S&P back to its level in mid-October, noted CNBC's Michael Santoli.

Persons: Dow, Trump, Robert F, Kennedy Jr, Trump's, Michael Santoli, Kristy Akullian, Akullian, —, Brian Evans, Alex Harring Organizations: HK, New York Stock Exchange, CNBC, Dow, Trump, Nasdaq, U.S . Department of Health, Human Services, BlackRock Locations: satiation, surfeit, Americas, BlackRock

☆ The outlook for gold — as the granddaddy of gold ETFs turns 20
▼ + stars: | 2024-11-18 | by ( Bob Pisani | ) www.cnbc.com time to read: +8 min

The grandaddy of gold ETFs turns 20. Today, for the first time, thanks to the World Gold Council and State Street, you are able to buy gold just like it's a stock." They could own gold mining stocks, but there was an imperfect relationship between gold and gold miners. When the gold ETF was intrduced 20 years ago, there was a very small investor base for gold. In 2014, Van Eck launched the VanEck Merk Gold ETF (OUNZ), which provides the option to redeem shares for physical gold , including gold coins and bars.

Persons: I've, George Milling, Stanley, GLD, Van Eck, George Milling Stanley, We've Organizations: New York Stock Exchange, World Gold Council, State, Investors, U.S . Equity, State Street Global Advisors, United States Oil Fund, Street Global Advisors, Street Global, World Gold, U.S ., Trump, Trust, Street, MiniShares, NYSE, SEC, Edge Locations: United States, London, India, China, Turkey

☆ Number of older adults who lost $100,000 or more to fraud has tripled since 2020, FTC says
▼ + stars: | 2024-11-18 | by ( Greg Iacurci | ) www.cnbc.com time to read: +3 min

In 2023, about 4,600 adults age 60 and older reported being defrauded of a six-figure sum, according to a report the FTC issued in October. Such thefts can be especially devastating to older adults, who have less opportunity to earn back what they've lost, greatly impacting their quality of life in old age, experts said. Common scams targeting older AmericansConsumers overall lost $10 billion to scams in 2023, a record high, according to the FTC. Older adults were 60% more likely than younger ones to report losses exceeding $100,000 last year, according to the FTC. Criminals commonly stole such vast sums from older adults via romance scams, investment frauds and imposter scams, the FTC said.

Persons: Karl, Josef Hildenbrand, That's, they've, John Breyault, Breyault, Crypto Organizations: Getty, Federal Trade Commission, National Consumers League, FTC, Finance, A.I, underreporting, Gallup, Microsoft, Publishers Clearing, Social Security Administration, Federal Bureau of Investigation, FBI

☆ Paul Teal death: ‘One Tree Hill’ actor dead at age 35
▼ + stars: | 2024-11-18 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +2 min

CNN —Paul Teal, a film and TV actor known best for his role in the CW’s teen soap ‘One Tree Hill,’ has died, according to a statement from his agent Susan Tolar Walters. Teal died on Friday “after a courageous battle with cancer,” Walters’ statement, provided to CNN on Monday, said. Teal is best known for appearing on Season 7 of the hit teen romance series “One Tree Hill” in 2010. Teal’s “One Tree Hill” co-star Bethany Joy Lenz remembered him as “the kind of guy who lit up a room without trying” in a statement posted to her Instagram page. Lenz said she first met Teal while they worked on the musical production of “The Notebook” that she produced in 2006, wherein Teal starred as the lead character Noah Calhoun, before they reconnected on the “One Tree Hill” set in 2010.

Persons: CNN — Paul Teal, ’, Susan Tolar Walters, Teal, ” Walters, “, Teal’s, Emilia Torello, ”, Paul Teal, Ben Affleck, Ana de Armas, Bethany Joy Lenz, Lenz, Noah Calhoun, Paul, “ Lilly, Durmot Mulroney, Malin Akerman, Brittany Snow Organizations: CNN

☆ I made it to managing director after 17 years in banking, then I quit. I didn't want to work myself into the ground well into my 60s.
▼ + stars: | 2024-11-18 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +5 min

Sim left banking in 2017 and is now a published author, professional speaker, and career coach. This as-told-to essay is based on a conversation with Eric Sim, 54, a former banker turned professional speaker and executive coach. When I picked banking as a career, I had very little idea of what the job would actually involve. I can play the game, but I don't enjoy the gameSim left UBS in 2017 and is now a professional speaker and executive coach. Through my work as a speaker and lecturer, I have been able to share my know-how in banking and career planning with more people.

Persons: Eric Sim, Sim, I'd, Goldman Sachs, Morgan Stanley —, I've, I'm Organizations: DBS Bank, DBS, Lancaster University, Standard Chartered, Citibank, UBS, Banking Locations: Singapore, London, Shanghai, Hong Kong, secondments, China, Asia

☆ CNBC Daily Open: From postelection rally to preelection levels
▼ + stars: | 2024-11-18 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Spencer Platt | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Last Monday, the S&P closed above 6,000 and the Dow finished the day above 44,000 for the first time. The so-called "Trump trade" — shares of banks, small-cap companies and energy, for example — were behind much of the indexes' gains. It was only the start of the week, but little did we know we were beginning at the peak.

Persons: SPX, Spencer Platt, Dow, Trump, Robert F, Kennedy Jr, Trump's, Kristy Akullian, Akullian, —, Jeff Cox, Brian Evans, Alex Harring Organizations: New York Stock Exchange, Getty, CNBC, Dow, Trump, Nasdaq, U.S . Department of Health, Human Services, BlackRock Locations: New York City, satiation, surfeit, Americas, BlackRock

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