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☆ Wall Street awaits Nvidia's earning report for clues about the chip giant's future
▼ + stars: | 2024-11-20 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, all eyes are on Nvidia's earnings report after the bell and what it says about the chip giant's future. As the world's top provider of AI chips, demand for Blackwell is a bellwether for the industry's appetite for continued investment in AI. Reports of Blackwell chips overheating spooked the market earlier this week. AdvertisementIt's another cost companies investing in AI chips need to consider in addition to the energy required to fuel them, which has been a headache for tech giants . Barclays trimmed earning estimates next year by as much as 10% for some of the biggest buyers of AI chips, like Meta, Amazon, and Alphabet.

Persons: Jocko, we've, Getty, Tyler Le, It's, Matthew Fox, Blackwell, Jensen Huang, —, BI's Emma Cosgrove, There's, hasn't, Howard Lutnick ANGELA WEISS, Howard Lutnick, Cantor Fitzgerald, Julian Robertson, Tiger hasn't, Goldman, Vivek Bantwal, Goldman Sachs, Rebecca Zisser, Rob Kim, Arturo Holmes, Chelsea Jia Feng, Trump's, Elon, colluding, Gary Wang, Sam Bankman, Gina Raimondo, Antony Blinken, Bill Hwang, Dan DeFrancesco, Grace Lett, Ella Hopkins, Hallam Bullock, Amanda Yen, Milan Sehmbi Organizations: Business, Retired Navy, Nvidia, Blackwell, Barclays, Getty, Trump, New, Tiger Management, Partners, Companies, Alexa, Uber, Ticketmaster, Apple, Google, DOJ, International Network of AI, Archegos Capital Management Locations: New York, Silicon, San Francisco, Chicago, London

The Cantor Fitzgerald CEO has led and been the public face of Trump’s transition. As co-chair of Trump's transition, Lutnick has been an outspoken advocate for Trump’s agenda, including explaining how he plans to use tariffs once in office. Lutnick is the CEO and chairman of financial services titan Cantor Fitzgerald. Adam Gray / Bloomberg via Getty Images fileLutnick has been at Cantor Fitzgerald since the early 1980s when he graduated from Haverford College in Pennsylvania with an economics degree. Lutnick was working at Cantor Fitzgerald when terrorists targeted New York’s World Trade Center towers on Sept. 11, the firm's headquarters.

Persons: Donald Trump, Howard Lutnick, Cantor Fitzgerald, Lutnick, Adam Gray, Trump, Lutnick's, Elon Musk, evincing Organizations: WASHINGTON, Commerce Department, The Commerce Department, Bloomberg, Getty, Haverford College, New, Trade, Punchbowl News, Trump, Treasury, Elon, ‘ Department, Government Locations: United States, New York, Pennsylvania

☆ Meet Wall Street billionaire Howard Lutnick, Donald Trump's nominee for commerce secretary
▼ + stars: | 2024-11-19 | by ( Reed Alexander | Emmalyse Brownstein | ) www.businessinsider.com time to read: +1 min

AdvertisementDonald Trump has tapped Wall Street CEO Howard Lutnick for commerce secretary. Lutnick has spent over three decades running Cantor Fitzgerald, an investment bank in New York. Howard Lutnick, the CEO of Wall Street investment bank Cantor Fitzgerald, has been named the next US secretary of commerce for Donald Trump. AdvertisementThe Wall Street veteran has spent his career at financial-services firm Cantor Fitzgerald, where he has been president and CEO since 1991. Here's a look at Lutnick's rise from "middle-class Long Island" to Wall Street boss and what his new role could mean for the investment bank he heads.

Persons: Donald Trump, Howard Lutnick, Lutnick, Cantor Fitzgerald Organizations: Wall, Commerce Department, Senate, Street, Trump Locations: New York, Wall Street, China

☆ Trump expected to nominate Howard Lutnick for Commerce secretary: reports
▼ + stars: | 2024-11-19 | by ( Geoff Weiss | John L. Dorman | ) www.businessinsider.com time to read: +1 min

AdvertisementTrump is expected to nominate Howard Lutnick for Commerce secretary, according to the WSJ and CNN. Lutnick had previously been viewed as a frontrunner for the position of Treasury secretary. President-elect Donald Trump is expected to tap billionaire finance executive Howard Lutnick as his next Commerce secretary, according to the Wall Street Journal, CNN, and Axios. Commerce secretary will be a pivotal role in the Trump administration, given economic concerns played a key role in fueling Trump's victory. He's known Trump for decades, and has hosted fundraisers for the president-elect and appeared on TV as a surrogate.

Persons: Howard Lutnick, It's, Lutnick, Donald Trump, Linda McMahon, Trump, Cantor Fitzgerald, Elon Musk's Organizations: Trump, Commerce, WSJ, CNN, Wall Street Journal, WWE, World Trade Locations: New York, Commerce

☆ How Trump's rich Cabinet members could save millions thanks to a little-known tax break
▼ + stars: | 2024-11-19 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +5 min

AdvertisementTwo of the reported candidates for Treasury Secretary made their fortunes on Wall Street, including billionaire Apollo CEO Marc Rowan. Eligible federal appointees can defer capital gains taxes indefinitely when they sell stock or other assets in order to avoid a conflict of interest. As a top earner in New York, they would normally have to pay more than $3 million in capital gains taxes. The sum that would have been spent on capital gains taxes is now free to compound and grow. The IRS allows investors to defer capital gains taxes in other scenarios that are deemed outside their control.

Persons: Donald Trump's, Trump, Howard Lutnick, Cantor Fitzgerald, Major Trump, Chris Wright, Marc Rowan, Bush, Goldman Sachs, Henry Paulson, George H.W, Bob Willens, You've, Scott Bessent, frontrunners, eyeing Rowan, Kevin Warsh, Morgan Stanley, Warsh, Jane Lauder, Rowan, Ed Renn of Withersworldwide, Penny Pritzker, Mark Parthemer, Willens, Renn Organizations: Commerce, of Energy, Treasury, Executives, Columbia Business School, Federal Reserve, Government, IRS Locations: George H.W . Bush, New York

☆ Howard Lutnick: Trump expected to nominate Cantor Fitzgerald CEO as Commerce secretary
▼ + stars: | 2024-11-19 | by ( Kristen Holmes | Elisabeth Buchwald | ) edition.cnn.com time to read: +2 min

CNN —President-elect Donald Trump is expected to nominate Cantor Fitzgerald CEO Howard Lutnick as secretary of Commerce, a source familiar with the process told CNN. Lutnick had been in a battle with hedge fund manager Scott Bessent over the role of Treasury secretary after throwing his own name into the mix. Lutnick, the CEO of Cantor Fitzgerald, a financial services firm, was tapped by Trump to serve as co-chair of his presidential transition team in August. As a candidate, Trump pledged to impose 60% tariffs on goods from China, as well as 10% tariffs on goods from other countries. Trump announced Kennedy as his pick to serve as Health and Human Service secretary last week.

Persons: Donald Trump, Cantor Fitzgerald, Howard Lutnick, Lutnick, Scott Bessent, he’s, Trump, “, ”, CNN’s Kaitlan Collins, Robert F, Kennedy Jr, Kennedy Organizations: CNN, Commerce, Trump, Human Service, World Trade, Museum Locations: Trump’s, America, China

☆ Federal jobs are known for their stability. Now they could be in jeopardy as Musk pushes for deep spending cuts.
▼ + stars: | 2024-11-19 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

Tech: We're in the middle of a white-collar recession, and tech workers are shouldering much of it . We're in the middle of a white-collar recession, and tech workers . AdvertisementElon Musk's government efficiency commission has been tasked with cutting government spending, raising questions about the future of millions of jobs. Tech jobs are mired in a recession. White collar hiring is in a huge slump, and tech workers are some of the hardest hit .

Persons: Trump hasn't, Tesla, Chelsea Jia Feng, Madison Hoff, Vivek Ramaswamy, Musk, Alice Tecotzky, John L, Dorman, Allison Robbert, Scott Bessent, Cantor Fitzgerald, Howard Lutnick, Marc Rowan, Kevin Warsh, Trump, Goldman Sachs, Morgan Stanley, Natalie Ammari, Uber, Verily, —, Rebecca Zisser, Elon Musk, Bluesky —, Jake Paul's, Netflix's Jake Paul, Mike Tyson, wasn't, Donald Trump's, Satya Nadella, Dan DeFrancesco, Grace Lett, Ella Hopkins, Hallam Bullock, Amanda Yen, Milan Sehmbi Organizations: Business, Google, Trump, Tech, Getty, Elon, Department of Education, Veterans Affairs, Department of Government, Social Security, Medicare, Twitter, Getty Government, Allison, Treasury, BCA Research, Goldman, BI, LinkedIn, Microsoft, China Economic, Security, Walmart Locations: Washington , DC, China, Brazilian, New York, Chicago, London

CNN —Trump transition co-chair Linda McMahon is expected to be named as secretary of the Department of Education, four sources familiar with the matter told CNN. The decision took shape after it became clear that McMahon would be passed over for Commerce secretary. McMahon is also the former CEO of the WWE, which she co-founded with her husband, Vince McMahon. As head of the WWE, McMahon oversaw its transformation from a small wrestling entertainment company into a publicly traded media empire. During Trump’s first campaign for president, McMahon donated more than $7 million to two pro-Trump super PACs, according to Open Secrets.

Persons: CNN —, Linda McMahon, McMahon, Donald Trump, Howard Lutnick, Cantor Fitzgerald, Scott Bessent, Trump’s, Larry Kudlow, Trump, AFPI, Vince McMahon Organizations: CNN, CNN — Trump, Department of Education, Commerce, Commerce Department, Treasury, Small Business Administration, America, Trump, Policy Institute, WWE Locations: Connecticut

The Cantor Fitzgerald CEO has led and been the public face of Trump's transition. As co-chair of Trump's transition, Lutnick has been an outspoken advocate for Trump's agenda, including explaining how he plans to use tariffs once in office. Lutnick is the CEO and chairman of financial services titan Cantor Fitzgerald. Lutnick has been at Cantor Fitzgerald since the early 1980s when he graduated from Haverford College in Pennsylvania with an economics degree. Lutnick was working at Cantor Fitzgerald when terrorists targeted New York's World Trade Center towers on Sept. 11, the firm's headquarters.

Persons: Howard Lutnick, Cantor Fitzgerald, Donald Trump, Lutnick, Trump, Lutnick's, Elon Musk, evincing Organizations: Republican, WASHINGTON, Commerce Department, The Commerce Department, Haverford College, New, Trade, Punchbowl News, Trump, Treasury, Elon, Department of Government Locations: Madison, New York City, U.S, United States, Pennsylvania, New York

☆ Former Australian radio host Alan Jones arrested for alleged indecent assaults
▼ + stars: | 2024-11-18 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +2 min

Police in Australia charged former radio show host Alan Jones with 24 assault and sexual touching offences on Monday, indictments that followed accusations in a newspaper that Jones had assaulted young men for decades. Police allege the offences took place between 2001 and 2019 against 8 victims, some of whom Jones knew professionally or personally. He denied the assault allegations made against him last year by the Sydney Morning Herald newspaper. Jones had hosted radio shows for decades and anchored the popular Sydney breakfast show on radio station 2GB for about 18 years until 2020. After leaving 2GB, he worked at a digital start-up, but had been off the air since the Sydney Morning Herald allegations were made.

Persons: Alan Jones, Jones, Michael Fitzgerald, Scott Morrison, Jacinda Organizations: Police, New South Wales police, Reuters, Sydney Morning Herald, . Police, New Zealand, Wallabies national rugby union Locations: Australia, Sydney, New South Wales, New, Britain, Ireland

☆ Alan Jones: Australia police charge former radio show host with assault
▼ + stars: | 2024-11-18 | by ( Story Reuters | ) edition.cnn.com time to read: +1 min

Sydney, Australia Reuters —Australian police on Monday charged former radio show host Alan Jones with 24 assault and sexual touching offenses, indictments that followed accusations in a newspaper that Jones had assaulted young men for decades. Police allege the offenses took place between 2001 and 2019 against 8 victims, some of whom Jones knew professionally or personally. He denied the assault allegations made against him last year by the Sydney Morning Herald newspaper. A well-known conservative “shock jock,” listeners knew Jones for his sharp questions and equally sharp tongue. After leaving 2GB, he worked at a digital start-up, but had been off the air since the Sydney Morning Herald allegations were made.

Persons: Alan Jones, Jones, Michael Fitzgerald, Scott Morrison, Jacinda Organizations: Australia Reuters — Australian, Police, New South Wales police, Reuters, Sydney Morning Herald, . Police, New Zealand Locations: Sydney, Australia, New South Wales, New

☆ Trump's Treasury Secretary: The best commentary about who the president-elect should nominate
▼ + stars: | 2024-11-18 | by ( Chris Johnston | ) www.businessinsider.com time to read: +6 min

After announcing a swathe of names for his Cabinet, president-elect Donald Trump appears to be conducting auditions for his Treasury Secretary. AdvertisementHere's some of the best commentary we've seen about the race to be the next Treasury Secretary. Blowups somewhere are inevitable, and a Treasury secretary needs the experience to deal with the fallout in a way that reassures markets. There could now be a contest for Treasury Secretary where … the no1 job is reassuring the markets. In return he might be rewarded with the job of treasury secretary.

Persons: Donald Trump, Scott Bessent, Howard Lutnick, Marc Rowan, Kevin Warsh, Cantor Fitzgerald, Trump, Rowan, Apollo, Jay Powell, Warsh, Powell, hasn't, Kyle Bass, Mike Allen, You've, Ian Bremmer, Marco Rubio, Mike Waltz, Biden, Mr Lutnick, Mr Trump, … Mr Lutnick, …, Mr Lutnick's, John Thune, Jeff Stein Organizations: Key Square Capital Management, Apollo Global Management, Federal Reserve, New York Times, The Times, Times, Hayman Capital Management, X, Trump's, Treasury, CNBC, Trump, Fed, White, National Economic Council, Eurasia Group, Bloomberg, The, The Washington Post Locations: X U.S, Eurasia, Washington, United States, The Washington

☆ Dollar sitting pretty, yen bears wary of Bank of Japan hawks
▼ + stars: | 2024-11-18 | by ( ) www.cnbc.com time to read: +3 min

Yen bears were tense in case Bank of Japan Governor Kazuo Ueda used a speech later Monday to flag a possible rate hike in December, in part due to the weakness of the currency. Markets imply around a 55% chance of a quarter-point rate hike to 0.5% when the BOJ meets on Dec. 19. Against a basket of currencies the dollar held at 106.730, having touched a one-year top of 107.07 on Friday. The rally has coincided with a savage swing in 10-year Treasury yields, which have climbed 70 basis points since the start of October, fuelling a 5.4% rise in the U.S. dollar index . Analysts generally assume Trump's touted policies of tariffs, reduced immigration and debt-funded tax cuts will be inflationary, so limiting the scope for further rate cuts by the Federal Reserve.

Persons: Kazuo Ueda, Ueda, Donald Trump's, Katsunobu Kato, Jonas Goltermann, Trump, Howard Lutnick, Cantor Fitzgerald, Scott Bessent Organizations: Bank of Japan, U.S, Japanese Finance, Capital Economics, Trump, Federal Reserve, Central Bankers Locations: U.S, Japan, Canada

☆ Meet the top 4 candidates Trump is considering for Secretary of the Treasury
▼ + stars: | 2024-11-18 | by ( Matthew Loh | ) www.businessinsider.com time to read: +8 min

AdvertisementLast week, Trump was said to be deciding between two leading candidates for Treasury Secretary. Here are the top picks Trump is reportedly now considering for Secretary of the Treasury. Kevin WarshKevin Warsh, center, is rising as one of the candidates for Trump's Treasury Secretary. AdvertisementMarc RowanMarc Rowan isn't said to be actively lobbying for Treasury Secretary, but his aides have reportedly been in touch with the Trump administration. Drew Angerer/Getty ImagesBessent, 62, was one of the original frontrunners for Trump's Treasury Secretary.

Persons: Trump, Kevin Warsh, Marc Rowan, Donald Trump, Robert F, Kennedy Jr, Florida Sen, Marco Rubio, Janet Yellen, he's, it's, Kevin Warsh Kevin Warsh, Tasos Katopodis, Warsh, Morgan Stanley, George W . Bush, Axios, Jerome Powell, Marc Rowan Marc Rowan isn't, PETER, Getty Images Rowan, Rowan, Rowan isn't, Howard Lutnick Howard Lutnick, ANGELA WEISS, Cantor Fitzgerald, Lutnick, Linda McMahon, He's, Vance, Elon Musk, Musk, Scott Bessent Scott Bessent, Drew Angerer, Bessent, George Soros, Soros, Breitbart, Kamala Harris, Joe Biden's, MAGA Organizations: Treasury, White, Department of Health, Human Services, State Department, Trump, Street, New York Times, Trump's, Federal Reserve Board, Getty Images, Apollo Global Management, Apollo, Times, Bloomberg, Madison, Garden, AFP Lutnick, WWE, Hamptons, Apple, World Trade, Key, Capital Management, Reuters Locations: Florida, America, Lago

☆ Gen Z, millennial retail investors are tapping into ETFs, report finds. Here are things to watch out for, expert say
▼ + stars: | 2024-11-18 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +3 min

The survey polled 2,000 U.S. retail ETF investors in March. "The continued growth of retail investors investing in ETFs is certainly not going away," she said. watch nowMeanwhile, associated fees with ETFs tend to be much lower compared to mutual funds and other index funds. Index ETFs have a 0.44% average annual fee, half the 0.88% fee for index mutual funds, according to Morningstar. Similarly, active ETFs carry a 0.63% average fee, versus 1.02% for actively managed mutual funds, Morningstar data shows.

Persons: Oscar Wong, John Healy, Healy, He's, Young, Zers, Gen, Alison Hennessy, Hennessy, Tommy Lucas, Moisand Fitzgerald Tamayo, Lucas Organizations: Nasdaq, millennials, Morningstar Locations: New York City, U.S, Orlando , Florida

☆ The crypto industry plowed tens of millions into the election. Now, it’s looking for a return on that investment
▼ + stars: | 2024-11-17 | by ( Fredreka Schouten | ) edition.cnn.com time to read: +10 min

Crypto super PACs spent heavily on Republicans as well as key Democrats, including two who won open seats in the US Senate, Elissa Slotkin in Michigan and Ruben Gallego in Arizona. How Washington regulates the industry has enormous consequences for this burgeoning sector, along with the 52 million Americans who now hold digital assets. “The strategy is to have as many conversations with as many people in the Trump orbit as possible so that everyone has an understanding of what the crypto industry is most interested in,” she said. They also helped finance Fairshake, a crypto industry super PAC launched last year that was active in congressional contests. An industry super PAC spent $40 million to back to Republican Senate candidate Bernie Moreno in Ohio, who ousted three-term Democratic Sen. Sherrod Brown.

Persons: Donald Trump, Gary Gensler, Biden, Crypto, Elissa Slotkin, Ruben Gallego, Sam Bankman, “ Crypto, ” Kristin Smith, we’ll, that’s, ” Smith, ”, Smith, Dan Gallagher, Paul Atkins, Atkins, Gallagher, Bitcoin, Trump, –, It’s, Barron, Steve Witkoff, multibillionaire Elon Musk, Cantor Fitzgerald Howard Lutnick, Carlos Barria, Reuters Howard Lutnick, Cantor Fitzgerald, Marc Andreessen, Ben Horowitz –, Sergio Gor, Andreessen, “, Tyler, Cameron Winklevoss, Musk, Katie Porter, Massachusetts Sen, Elizabeth Warren, Porter, Adam Schiff, Bernie Moreno, Democratic Sen, Sherrod Brown, Brown, Moreno, Colin McLaren, ” Robert Weissman, Andreessen Horowitz, Kara Calvert, CNN’s David Wright Organizations: CNN, Trump, Securities, Exchange Commission, Industry, Crypto, Blockchain Association, SEC, Token Alliance, Liberty, Liberty Financial, of Government, Republican, Reuters, Venture, Biden, PAC, Democratic Rep, Democratic, Banking Committee, Commodities Futures Trading Commission, Cedar Innovation Foundation, Consumer, Public Citizen Locations: Washington, Michigan, Arizona, Madison, New York City, U.S, America, Bitcoin, Massachusetts, California, Ohio

☆ Elon Musk endorses Trump's transition co-chair Howard Lutnick for Treasury secretary
▼ + stars: | 2024-11-16 | by ( Celia Fernandez | ) www.cnbc.com time to read: +1 min

Elon Musk at the tenth Breakthrough Prize ceremony held at the Academy Museum of Motion Pictures on April 13, 2024 in Los Angeles, California. On Saturday, Elon Musk shared who he is endorsing for Treasury secretary on X, a cabinet position President-elect Donald Trump has yet to announce his preference to fill. Musk wrote that Howard Lutnick, Trump-Vance transition co-chair and CEO and chairman of Cantor Fitzgerald, BGC Group and Newmark Group chairman, will "actually enact change." Lutnick and Key Square Group founder and CEO Scott Bessent are reportedly top picks to run the Treasury Department. Musk, CEO of Tesla and SpaceX, also included his thoughts on Bessent in his post on X.

Persons: Elon Musk, Donald Trump, Musk, Howard Lutnick, Vance, Cantor Fitzgerald, Scott Bessent Organizations: Academy Museum of Motion Pictures, Trump, Newmark Group, Key Square Group, Treasury Department . Musk, SpaceX Locations: Los Angeles , California

☆ Elon Musk throws his weight behind Howard Lutnick over Scott Bessent for Treasury secretary
▼ + stars: | 2024-11-16 | by ( John L. Dorman | ) www.businessinsider.com time to read: +2 min

Musk wrote on X that Cantor Fitzgerald chief executive Howard Lutnick would "actually enact change." Lutnick and Key Square Group founder Scott Bessent are leading contenders for the role. Elon Musk on Saturday said that Cantor Fitzgerald CEO Howard Lutnick would "actually enact change" should he be tapped as President-elect Donald Trump's Treasury secretary. Advertisement"My view fwiw is that Bessent is a business-as-usual choice, whereas @howardlutnick will actually enact change," Musk wrote. My view fwiw is that Bessent is a business-as-usual choice, whereas @howardlutnick will actually enact change.

Persons: Elon Musk, Musk, Cantor Fitzgerald, Howard Lutnick, Scott Bessent, Donald Trump's, Trump, Bessent, Republican Sen, Lindsey Graham of, Semafor, Graham, igGLZOJ8wz — Elon Organizations: Elon, Key Square, Group, Republican, Street Journal Locations: Lindsey Graham of South Carolina, South Carolina

We had no income tax, and all we had was tariffs.”That’s why some Wall Street titans are trying to push for Bessent. Kyle Bass, a billionaire hedge fund investor at Hayman Capital Management, said Lutnick doesn’t have the composition to lead the Treasury. “Scott Bessent is eminently more qualified than Howard Lutnick to run the U.S. Treasury,” Bass posted on X Wednesday. A full week after appearing to decide on nominating Bessent, Trump interviewed him again at Mar-a-Lago. A key Cabinet player, the Treasury secretary advises the president on economic and fiscal matters, including spending and taxes.

Persons: Donald Trump, Elon Musk, Trump, Howard Lutnick, Cantor Fitzgerald, Scott Bessent, ” Musk, —, Bessent, ”, Kyle Bass, Lutnick doesn’t, “ Scott Bessent, ” Bass, “ Scott, I’ve, Bass, Dan Loeb, Scott Lincicome, Lutnick, “, Cheney, Lutnick —, Dick Cheney’s, George W, Tennessee Sen, Bill Hagerty, Larry Kudlow, Kudlow, Steven Mnuchin, Mnuchin Organizations: CNN, Trump, “, Wall, Fox News, titans, Hayman Capital Management, Treasury, U.S . Treasury, Cato Institute, Federal Reserve, Peterson Institute for International Economics, National Economic Council, America, Policy Institute, Fox Business, Bessent, Mar, Republicans, Treasury Department Locations: America, United States

☆ Space stocks saw big gains this week in part due to 'Trump-Elon trade' rally, analysts say
▼ + stars: | 2024-11-15 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +2 min

This past week saw several pure-play space stocks rally, with leaders up as much as 20% or more, in part driven by what sector analysts said is a "Trump-Elon trade," a nod to the relationship between President-elect Donald Trump and SpaceX CEO Elon Musk. Just this week saw Rocket Lab up 41%, Intuitive Machines up 28%, Spire Global up 26%, Planet Labs up 16%, Redwire up 15% and AST SpaceMobile up 10%. But there's a broader market sentiment that's driving these stocks too, said Cantor Fitzgerald analyst Andres Sheppard, who has buy ratings on Rocket Lab, Redwire and Intuitive Machines. "I think there's definitely a risk-on, post-Trump-win rally that's being reflected in this industry," Sheppard told CNBC. Back out even further to take a year-to-date perspective, and this week's top-performing space stocks have broken out of a post-SPAC malaise to triple or even quadruple in 2024.

Persons: Donald Trump, Elon Musk, Andrew Chanin, Cantor Fitzgerald, Andres Sheppard, Sheppard, inbounds, We're Organizations: Trump, Elon, SpaceX, CNBC, Planet Labs Locations: U.S

☆ Some of Trump's key cabinet picks provide clues to how his administration will approach the business world
▼ + stars: | 2024-11-14 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +4 min

Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementPresident-elect Donald Trump is quickly fleshing out his cabinet, giving a sense of what his second administration will look like. Now he's Trump's nominee for defense secretary. AdvertisementTreasury secretary — TBD: Trump's pick for his top economic advisor is being closely watched considering the key role the economy played in the election.

Persons: —, Donald Trump, Trump, JD Vance, Let's, — Matt Gaetz, Kevin McCarthy, Gaetz, he's, he'd, Mike Johnson, He's, State — Marco Rubio, Rubio, Pete Hegseth, Slaven Vlasic, Hegseth, Hegseth's, Scott Bessent, Howard Lutnick, Cantor Fitzgerald, Bessent, Lutnick, Dan DeFrancesco, Grace Lett, Ella Hopkins, Hallam Bullock, Amanda Yen, Milan Sehmbi Organizations: Business, Service, Trump, Republicans, Senate, Department, Justice, State, Fox News, Getty, Defense, Army Locations: Florida, Silicon, China, Taiwan, Ukraine, Russia, Poland, Israel, New York, Chicago, London

☆ I'm a chef with over 15 years of experience. Everyone should know this recipe for twice-baked potatoes.
▼ + stars: | 2024-11-14 | by ( Alissa Fitzgerald | ) www.businessinsider.com time to read: +5 min

As an experienced chef and cooking instructor, I love this take on twice-baked potatoes. Here's my go-to recipe for twice-baked potatoes with mascarpone and chives. Alissa FitzgeraldRusset potatoes mash beautifully and retain a great shape when the insides are scooped out thanks to their thicker skin. Additionally, this recipe uses medium-sized potatoes since cutting these beauties in half isn't as visually appealing as stuffing them whole. Alissa FitzgeraldThe filling for these twice-baked potatoes has two notable tweaks from many classic recipes — there's no added milk, and it calls for mascarpone instead of sour cream.

Persons: —, I've, uncle's, Alissa Fitzgerald, mascarpone, pepe Organizations: mascarpone, Service Locations: Gaziantep, Turkey

As bitcoin shoots to new heights, some stocks that trade closely with the digital currency could also see their fortunes rise. Against that backdrop, CNBC Pro screened for stocks that have the highest positive correlation with bitcoin over the past 60 days, meaning they could rise in tandem. Fellow crypto miner Riot Platforms was also on the list with an 81% correlation to bitcoin. Lesser-known names that could see a boost on further bitcoin appreciation include crypto miners Bitdeer Technologies and Hut 8 . Bitdeer has a 67% correlation to the digital currency, while Hut 8's correlation coefficient is nearly 0.7.

Persons: Bitcoin, Donald Trump, Trump, bitcoin, Mark McLaughlin, Cryptocurrency, Mara Holdings, Cantor Fitzgerald, Mara, Brett Knoblauch, MARA, Bitdeer Organizations: cryptocurrencies, CNBC Pro, New York Stock Exchange, Nasdaq, Bank of America, Bitdeer Technologies

☆ Elon Musk may already be overstaying his welcome in Trump’s orbit
▼ + stars: | 2024-11-13 | by ( Dasha Burns | David Ingram | ) www.cnbc.com time to read: +6 min

In a statement, Trump-Vance transition spokeswoman Karoline Leavitt said, "Elon Musk and President Trump are great friends and brilliant leaders working together to Make America Great Again. Elon Musk is a once in a generation business leader and our federal bureaucracy will certainly benefit from his ideas and efficiency." An adviser to Trump said that Elon Musk would join Trump in a meeting Wednesday with Republican lawmakers ahead of leadership elections. In posts on X in the past week, Musk has pushed various policy ideas including deporting immigrants and slashing government spending. On Sunday, one of Trump's grandchildren, Kai Trump, posted a photo on X of herself with Musk, writing that Musk was "achieving uncle status."

Persons: Elon Musk, Donald Trump, Vivek Ramaswamy, Musk, who've, they're, he's, Trump, Vance, Karoline Leavitt, Volodymyr Zelenskyy, Elon, pester Trump, Elon doesn't, Cantor Fitzgerald, Howard Lutnick, Kai Trump Organizations: Trump, Tech, SpaceX, Department of Government, America PAC, Mar, Ukrainian, Republican, PAC, West Palm Beach Locations: Butler , Pennsylvania, U.S, Beach , Florida, Pennsylvania, West Palm Beach, Mar, West Palm, Austin , Texas

☆ Katherine Schwarzenegger Pratt and Chris Pratt welcome baby boy
▼ + stars: | 2024-11-12 | by ( Alex Portée | ) www.nbcnews.com time to read: +2 min

Katherine Schwarzenegger Pratt and Chris Pratt welcomed their third child together, a baby boy named Ford Fitzgerald Schwarzenegger Pratt, on Friday“We are overjoyed to announce the birth of our son, Ford Fitzgerald Schwarzenegger Pratt. When Schwarzenegger Pratt and Pratt married in 2019, the couple had already begun building a family with Pratt’s son, Jack, from his previous marriage to Anna Faris. One year after they were married, Pratt proudly announced the birth of his and Schwarzenegger Pratt’s first child together. “Lyla Maria Schwarzenegger Pratt,” the post reads. “Eloise Christina Schwarzenegger Pratt,” Schwarzenegger Pratt wrote in her announcement.

Persons: Katherine Schwarzenegger Pratt, Chris Pratt, Ford Fitzgerald Schwarzenegger Pratt, ” Love, Katherine, Chris, Instagram, Schwarzenegger Pratt, Pratt, Pratt’s, Jack, Anna Faris, Schwarzenegger Pratt’s, ”, “ Lyla Maria Schwarzenegger Pratt, Love Katherine, Eloise Christina Schwarzenegger Pratt, ” Schwarzenegger Pratt, “ Organizations: “ Guardians, Galaxy

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