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☆ House Speaker Johnson needs to have a government funding bill by today: Punchbowl's Jake Sherman
▼ + stars: | 2024-12-17 | 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 EmailHouse Speaker Johnson needs to have a government funding bill by today: Punchbowl's Jake ShermanJake Sherman, Punchbowl News co-founder, joins 'Squawk Box' to discuss the state of negotiations for a bipartisan bill to fund the government, the challenges facing House Speaker Mike Johnson, government policy outlook in 2025, and more.

Persons: Johnson, Jake Sherman Jake Sherman, Mike Johnson Organizations: Email, Punchbowl News

☆ Micro Connect's Charles Li talks about Macao's emerging financial market
▼ + stars: | 2024-12-17 | 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 EmailMicro Connect's Charles Li talks about Macao's emerging financial marketCharles Li, founder & chairman of Micro Connect, explains why Macao serves an underserved segment of the market.

Persons: Charles Li Organizations: Micro Locations: Macao

☆ Putin has been conspicuously silent about Syria since the collapse of Assad's rule
▼ + stars: | 2024-12-17 | by ( Tom Porter | Thibault Spirlet | ) www.businessinsider.com time to read: +6 min

Vladimir Putin has been quiet about Syria since the end of Bashir Assad's rule. During an annual televised meeting between President Vladimir Putin and Russia's top military officials on Monday, Putin was keen to keep the focus firmly on incremental successes in Ukraine. AdvertisementBut he was conspicuously silent about recent events in Syria — where longtime Kremlin ally Bashar Assad was deposed by rebels earlier this month. AdvertisementYet, with Russia's military stretched by its costly war in Ukraine, Putin appeared unwilling or unable to divert forces to save Assad. The collapse of Assad's government could have wider implications for Russia's global military footprint, which might help explain Putin's silence on the matter.

Persons: Vladimir Putin, Bashir Assad's, Russia's, Putin, Syria —, Bashar Assad, Assad, Syria Putin, Sergei Lavrov, Nikolay Kozhanov, Stefan Wolff, Wolff, Mohammed Albasha, Basha, Belarus —, Voller, " Organizations: Rebels, University of Kent, Kremlin, RFE, Gulf Studies, Qatar University, Chatham House, International Security, University of Birmingham, Time Magazine, West Locations: Syria, Moscow, Ukraine, Russia, Middle East, —, Africa, Damascus, Russian, Soviet Union, Virginia, East, Armenia, Sahel, Niger, Burkina Faso, China, Georgia, Tajikistan, Belarus, Hmeimim

☆ 'All but certain' we get a 25 bps cut from Fed, says Bespoke's Paul Hickey
▼ + stars: | 2024-12-17 | 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 Email'All but certain' we get a 25 bps cut from Fed, says Bespoke's Paul HickeyAnastasia Amoroso, iCapital Chief investment strategist and Paul Hickey, Bespoke Investment Group co-founder, joins 'Closing Bell Overtime' to talk the day's market action.

Persons: Bespoke's Paul Hickey Anastasia Amoroso, Paul Hickey Organizations: Investment Group

☆ 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

Bitcoin rallied to a new all-time high on Monday as investors awaited an expected interest rate cut by the Federal Reserve later this week. Investors are expecting the Fed to lower interest rates this week during its two-day policy meeting, which will conclude Wednesday. That would likely be positive for the price of bitcoin, which often trades like a tech stock and therefore benefits from lower interest rates. Lower interest rates also imply a weakening dollar and growing money supply, both of which have demonstrated long-term correlations with bitcoin. Bitcoin is now up 9% for the month, 52% since the U.S. presidential election and 149% for the year.

Persons: Bitcoin, cryptocurrency, Michael Saylor, Trump Organizations: Federal Reserve, Metrics, Nasdaq, BTC Locations: Bitcoin

Laundry detergent — it can make or break your load of laundry. To help you perfect your laundry game, we asked experts exactly how much detergent you should use depending on the load you’re doing. SKIP AHEAD How much laundry detergent should you use? | Highly rated laundry detergents to considerHow much laundry detergent should you use? For this story, she interviewed experts on how much laundry detergent you should be using.

Persons: it’s, ”, Alex Varela, Matt O’Connor, ” It’s, Varela, Bethany Heitman, TikTok Organizations: Dallas, “, NBC, Facebook, Twitter Locations: Dallas , Texas, Austin , Texas

☆ Could mouse sperm orbiting Earth be the future of humanity?
▼ + stars: | 2024-12-16 | by ( Amy Gunia | Junko Ogura | ) edition.cnn.com time to read: +7 min

Now, freeze-dried mouse sperm, stored aboard the International Space Station (ISS) in a radiation protection box, could help give us a better understanding of mammals’ ability to procreate off Earth. In 1997, he and another academic developed a novel method that they used to clone the world’s first mouse from adult cells. And he and his team pioneered a freeze-drying method used to send mouse sperm to the ISS, where it was stored in a freezer for up to six years. From that study, they determined that freeze-dried sperm could stay viable for 200 years in space. When it comes to mice, the freeze-dried mouse sperm Wakayama is currently storing aboard the ISS will return to Earth in 2025 for study.

Persons: CNN — It’s, “, ”, Virginia Wotring, Wotring, Artemis, Elon, Akihiko Organizations: CNN, Space, firma, University of Yamanashi’s, Biotechnology, KFC, Space Shuttle Endeavour, Orbiter, NASA, International Space University, SpaceX, Japan Aerospace Exploration Agency, JAXA Locations: Wakayama, Japan, Strasbourg, France

☆ Elon Musk, SpaceX's CEO, isn't privy to all of the company's classified work with the US government: report
▼ + stars: | 2024-12-16 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Elon Musk is the founder-CEO of rocket company SpaceX. But Musk isn't privy to all of SpaceX's classified work with the US government, per the WSJ. SpaceX CEO Elon Musk's security clearance doesn't grant him complete access to the company's classified work with the US government. AdvertisementIn October, the Journal reported that Musk has been in regular contact with Russian President Vladimir Putin since late 2022. — Elon Musk (@elonmusk) November 27, 2024Musk founded SpaceX in 2002.

Persons: Elon Musk, Musk, Elon, Joe Rogan, Rogan, utin, ince, ournal's, paceX, ike, orth Organizations: SpaceX, Street, US, Trump, NASA Locations: Pennsylvania, lon, usk

☆ I moved to Bengaluru, India, to launch my startup but left after 16 months. It's not comparable to Silicon Valley.
▼ + stars: | 2024-12-16 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +6 min

He says that Bengaluru has its own merits and should not be compared to the Silicon Valley. It's no Silicon ValleyI don't think Bengaluru should be compared to Silicon Valley at all. AdvertisementBengaluru has an amazing tech crowd, but Silicon Valley is Silicon Valley for a reason — people are far more open-minded and inclusive about giving opportunities to those from different backgrounds, which has allowed it to become a sponge. It came from OpenAI and Silicon Valley, where Sam Altman's team was allowed to burn cash for years before ChatGPT came to fruition. AdvertisementWe call Bengaluru the Silicon Valley of India, but that is just another way Indians are comparing themselves to the West.

Persons: Dhruv Suyamprakasam, Sam Altman's, ChatGPT Organizations: Indian Institute of Technology, Area Locations: Bengaluru, Coimbatore, Southern India, Hyderabad, India, It's, Silicon, Bay, OpenAI, Silicon Valley, Valley

☆ Seeing both consumer traffic and spending come back to restaurants: Savory co-founder Andrew Smith
▼ + stars: | 2024-12-16 | 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 EmailSeeing both consumer traffic and spending come back to restaurants: Savory co-founder Andrew SmithAndrew Smith, Savory co-founder, joins 'Squawk Box' to discuss the restaurant industry landscape, impact of inflation, state of the consumer, and more.

Persons: Savory, Andrew Smith Andrew Smith

☆ How rising US debt could compound into a crisis, according to 'bond king' Jeffrey Gundlach
▼ + stars: | 2024-12-16 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

US debt problems will be felt in the coming years, Jeffrey Gundlach wrote for The Economist. By 2034, debt servicing could consume 45% of tax revenue, he estimates. Gundlach said that Washington has been plagued by large budget deficits since the 1980s, but these were easier to fund when interest rates were low. A recession could exacerbate such a scenario, he said, given that the government would have less tax revenue to rely on. "By 2034 debt service at 6% rates would consume 45% of all tax revenue; at 9% rates it would eat up 83%.

Persons: Jeffrey Gundlach, Ray Dalio, Gundlach, Pimco, Trump Organizations: DoubleLine, Wall, Federal Reserve Locations: America, Washington

☆ Watch CNBC's full interview with MicroStrategy CEO Michael Saylor
▼ + stars: | 2024-12-16 | 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 EmailWatch CNBC's full interview with MicroStrategy CEO Michael SaylorMichael Saylor, MicroStrategy co-founder and executive chairman, joins 'Money Movers' to discuss how much Bitcoin Saylor is going to acquire, if Trump is serious about creating a Bitcoin reserve, and much more.

Persons: Michael Saylor Michael Saylor, MicroStrategy, Trump

☆ Reid Hoffman says he's not planning on leaving US, but puts odds of Trump retaliation at over 50%
▼ + stars: | 2024-12-16 | by ( Alice Tecotzky | John L. Dorman | ) www.businessinsider.com time to read: +3 min

Reid Hoffman said there's a "greater than 50% chance" he'll receive retaliation for backing Kamala Harris. Hoffman was one of the vice president's most prominent Silicon Valley business supporters. Reid Hoffman, the billionaire LinkedIn co-founder and outspoken Democrat, said he thinks it's likely that he will face retaliation from President-elect Donald Trump for supporting Vice President Kamala Harris' presidential campaign. Despite his dislike for Trump and many of his policies, Hoffman said that some of the president-elect's deregulation efforts could broadly benefit entrepreneurs. Representatives for Hoffman and Trump did not immediately respond to Business Insider's request for comment.

Persons: Reid Hoffman, there's, Kamala Harris, Hoffman, it's, Donald Trump, Harris, Hoffman —, Trump, Elon Musk, David Sacks Organizations: LinkedIn, Trump, Department of Government Efficiency Locations: Trump, United States

☆ This in-demand job can pay over $100,000 and doesn’t require a degree—companies have a 'huge' need for it, says Google exec
▼ + stars: | 2024-12-16 | by ( Morgan Smith | ) www.cnbc.com time to read: +1 min

If you want to earn six figures while working from home, you might want to consider a career in data analytics. Data analytics was one of the most sought-after skills this year, according to a June 2024 report from freelance marketplace Upwork. On Google, searches for "data analytics skills" and "data analytics jobs" have hit a five-year high in 2024. There are currently close to 300,000 unfilled data analytics jobs in the U.S., Gevelber added. Here's how to land a job in data analytics — and where to find the best opportunities:

Persons: Vicki Salemi, Lisa Gevelber, Gevelber Organizations: CNBC, Google, Labor Statistics Locations: U.S

☆ MicroStrategy's Saylor: Logical thing for U.S. is to buy bitcoin and own the future
▼ + stars: | 2024-12-16 | 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 EmailMicroStrategy's Saylor: Logical thing for U.S. is to buy bitcoin and own the futureMichael Saylor, MicroStrategy co-founder and executive chairman, joins 'Money Movers' to discuss how much Bitcoin Saylor is going to acquire, if Trump is serious about creating a Bitcoin reserve, and much more.

Persons: Michael Saylor, MicroStrategy, Trump

☆ NBA legend Tracy McGrady on Bills ownership: Always wanted to be a part of pro sports ownership
▼ + stars: | 2024-12-16 | 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 EmailNBA legend Tracy McGrady on Bills ownership: Always wanted to be a part of pro sports ownershipTracy McGrady, Buffalo Bills limited partner, OBL founder and CEO and 7x NBA All-Star and Hall of Famer, joins 'Squawk Box' to discuss joining the ownership of the NFL's Buffalo Bills with his cousin and former teammate Vince Carter, rise of 1-on-1 basketball, and more.

Persons: Tracy McGrady, Vince Carter Organizations: Buffalo Bills, Hall of Famer

☆ MicroStrategy CEO Saylor: Logical thing for U.S. is to buy Bitcoin and own the future
▼ + stars: | 2024-12-16 | 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 EmailMicroStrategy CEO Saylor: Logical thing for U.S. is to buy Bitcoin and own the futureMichael Saylor, MicroStrategy co-founder and executive chairman, joins 'Money Movers' to discuss how much Bitcoin Saylor is going to acquire, if Trump is serious about creating a Bitcoin reserve, and much more.

Persons: Saylor, Michael Saylor, MicroStrategy, Trump

☆ Canada finance minister quits after clash with Trudeau, deals blow to government
▼ + stars: | 2024-12-16 | by ( ) www.cnbc.com time to read: +5 min

Canada's Deputy Prime Minister and Minister of Finance Chrystia Freeland, and Canada's Prime Minister Justin Trudeau speak at a news conference in Ottawa, Ontario, Canada, October 6, 2021. Patrick Doyle | ReutersCanada's Finance Minister Chrystia Freeland quit on Monday after clashing with Prime Minister Justin Trudeau on issues including how to handle possible U.S. tariffs, dealing a huge blow to an already unpopular government. The resignation by Freeland, 56, who also served as deputy prime minister, is one of the biggest crises Trudeau has experienced since taking power in November 2015. FILE PHOTO: Canada's Prime Minister Justin Trudeau listens to Foreign Minister Chrystia Freeland during news conference in Ottawa, Ontario, Canada, May 31, 2018. Freeland, a former journalist, served as trade minister and then foreign minister before taking over the finance portfolio in August 2020.

Persons: Finance Chrystia Freeland, Justin Trudeau, Patrick Doyle, Chrystia Freeland, Freeland, Trudeau's, Donald Trump, Trudeau, Pierre Poilievre, we're, Nik Nanos, Chris Wattie, COVID, Anita Anand, Nelson Wiseman, Jagmeet Singh, propping, Canada's, Trump, Andres Manuel Lopez Obrador, North America Jesus Seade, Robert Lighthizer, Henry Romero Organizations: Finance, Canada's, Reuters Canada's Finance, Conservatives, Conservative, Liberal, Officials, Reuters, Treasury, University of Toronto, New, Canada, North America, U.S . Trade Locations: Ottawa , Ontario, Canada, Mexico, United States, U.S, Mexico City

☆ Elon Musk wants to turn SpaceX's Texas 'Starbase' into its own city
▼ + stars: | 2024-12-16 | by ( Tom Carter | ) www.businessinsider.com time to read: +2 min

SpaceX is petitioning local authorities to incorporate its "Starbase" launch site as a city. Elon Musk said Starbase will also be SpaceX's new HQ, after he moved the rocket firm out of California earlier this year. Elon Musk wants to build a city on Mars — but for now, he may have to make do with one in Texas. The sprawling rocket facility near Boca Chica, Texas, has been a hub for SpaceX's rocket production since 2014. Reposting the letter on X, SpaceX founder Elon Musk said the "city of Starbase" will also be the site of the company's new headquarters.

Persons: Elon Musk, Starbase, Musk, Kathryn Lueders Organizations: SpaceX, California Coastal Commission Locations: The Texas, California, Texas, Boca Chica , Texas, Cameron County , Texas, South Texas, Starbase

☆ MicroStrategy's Michael Saylor says bitcoin is 'cyber Manhattan' — a 'good investment' even at the top
▼ + stars: | 2024-12-16 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

Michael Saylor compared bitcoin to New York City and its economy on Monday as the cryptocurrency rose to fresh records, calling it "cyber Manhattan." "We'll just keep buying the top forever, everyday is a good day to buy bitcoin" the founder and chairman of MicroStrategy said on CNBC's "Money Movers." Bitcoin rose to a all-time high of $107,162.64, according to Coin Metrics. MicroStrategy has been adding bitcoin to its balance sheet since 2020 and now issues convertible notes to leverage its purchases. Saylor responded to naysayers who call MicroStrategy's bitcoin acquisition strategy a Ponzi scheme.

Persons: Michael Saylor, bitcoin, MicroStrategy, it's, Saylor, naysayers Organizations: Manhattan, Nasdaq, Metrics, U.S, BTC Locations: New York City, Manhattan

☆ Either the rally broadens or the entire market is vulnerable, says Vital Knowledge's Crisafulli
▼ + stars: | 2024-12-16 | 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 EmailEither the rally broadens or the entire market is vulnerable, says Vital Knowledge's CrisafulliAdam Crisafulli, Vital Knowledge Founder, and Sam Stovall, CFRA Research chief investment strategist, joins 'Closing Bell Overtime' to talk the day's market action.

Persons: Vital, Adam Crisafulli, Sam Stovall Organizations: Vital Knowledge, CFRA Research

☆ Former TV host Carlos Watson is sentenced to nearly 10 years in prison in a case about his failed startup Ozy Media
▼ + stars: | 2024-12-16 | by ( ) www.cnbc.com time to read: +4 min

Former talk show host Carlos Watson was sentenced Monday to nearly 10 years in prison in a federal financial conspiracy case that cast his once-buzzy Ozy Media as an extreme of fake-it-'til-you-make-it startup culture. So extreme that another Ozy executive impersonated a YouTube executive to hype Ozy to investment bankers — while Watson coached him, prosecutors said. Watson even listened in and texted talking points while his co-founder posed as a YouTube executive to praise Ozy on a phone call with potential investors, prosecutors said. Ozy Media was his second startup, coming a decade after he sold a test-prep company that he had founded while in his 20s. Meanwhile, Ozy gave prospective investors much bigger revenue numbers than those it reported to accountants, according to testimony and documents.

Persons: Carlos Watson, —, Watson, texted, Ozy, Eric Komitee, Samir Rao, Suzee Han, Oprah Winfrey, Janeen Poutre Organizations: Ozy Media, U.S, Federal, Prosecutors, District, Harvard University, Stanford Law School, CNN, MSNBC, Oprah, New York Times Locations: Brooklyn , New York, U.S, Silicon Valley, Ozy, View , California

☆ Yang Tengbo: British court names alleged Chinese spy who forged close ties to Prince Andrew
▼ + stars: | 2024-12-16 | by ( Rob Picheta | ) edition.cnn.com time to read: +4 min

London CNN —An alleged Chinese spy who forged a close relationship with Prince Andrew has been identified by a British court, the latest twist in a case that has shone a light on Beijing’s influence inside Britain’s institutions. The man, Yang Tengbo, was identified after a judge ruled his anonymity should be removed, PA Media reported on Monday. He was the co-founder of Pitch@Palace China, which expanded into China an initiative for entrepreneurs that was set up by Andrew in 2014. Andrew’s office said last week that the prince ceased his relationship with Yang after receiving government advice. Starmer in November became the first prime minister to meet with China’s President Xi Jinping for six years.

Persons: London CNN —, Prince Andrew, Yang Tengbo, Yang, Chris Yang, King Charles, Andrew, “, Duke, ”, China’s, ‘, Christine Lee, Iain Duncan Smith, Keir Starmer, toughen, Xi Jinping Organizations: London CNN, PA Media, China, Media, Parliament’s Intelligence, Security, China’s United, Work Department, Communist Party, CCP, ” CNN, China’s Ministry of Foreign Affairs, Chinese Communist Party, Former Conservative Party, BBC Locations: China, Westminster, Beijing, Starmer

☆ Softbank CEO Masayoshi Son to announce $100 billion investment in U.S. during visit with Trump
▼ + stars: | 2024-12-16 | by ( John Melloy | ) www.cnbc.com time to read: +1 min

President-elect Donald Trump and SoftBank Group Corp. founder and Chief Executive Officer Masayoshi Son speak to the media in the lobby of Trump Tower on December 6, 2016 in New York. Softbank CEO Masayoshi Son will announce a $100 billion investment in the U.S. over the next four years during a Monday visit to President-elect Donald Trump's residence Mar-a-Lago in Palm Beach, Florida, sources familiar with the matter told CNBC's Sara Eisen. The funding could come from various sources controlled by Softbank, including the Vision Fund, capital projects or chipmaker Arm Holdings , where the firm is majority owner. Some of the money will not necessarily be newly raised, but could include some funding already announced such as Softbank's recent $1.5 billion investment in OpenAI, the tech firm behind chatbot ChatGPT. Softbank's Son and Trump made a similar announcement in 2016 after Trump was elected president for the first time, with the Japanese firm agreeing to invest $50 billion in the U.S. with the aim to create 50,000 jobs.

Persons: Donald Trump, Masayoshi, Masayoshi Son, Donald Trump's, CNBC's Sara Eisen, Trump, chatbot Organizations: SoftBank Group Corp, Trump Tower, Mar, Vision Fund, Holdings Locations: New York, U.S, Palm Beach , Florida, OpenAI, Softbank's

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