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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSEC Chair Gary Gensler to step down when Trump takes office: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Nathan McCauley of Anchorage Digital discusses how institutions are reacting to the recent crypto rally.

Persons: Gary Gensler, Trump, explainers, Nathan McCauley Organizations: SEC, CNBC Crypto, CNBC, Anchorage Digital

☆ Marjorie Taylor Greene picked to lead a new DOGE House panel to slash government funding
▼ + stars: | 2024-11-21 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +2 min

AdvertisementRep. Marjorie Taylor Greene is set to chair a new subcommittee that works with Elon Musk's DOGE. Rep. Marjorie Taylor Greene is set to get a plum new role next year: chairing a new House panel that will work with Elon Musk and Vivek Ramaswamy's Department of Government Efficiency. AdvertisementThe DOGE subcommittee will be tasked with investigating "wasteful" spending, examining ways to reorganize federal agencies and supporting the work of the DOGE commission. Related stories🚨🚨🚨BIG NEWS🚨🚨🚨Comer to create @GOPoversight DOGE subcommittee chaired by Marjorie Taylor Greene to work with @elonmusk, @VivekGRamaswamy https://t.co/b85arhjM5d — Rep. Marjorie Taylor Greene🇺🇸 (@RepMTG) November 21, 2024"Wasteful government spending must end, and taxpayers deserve to see their money used effectively and efficiently," Comer told Fox News. "I look forward to working with Rep. Marjorie Taylor Greene, Elon Musk, and Vivek Ramaswamy to deliver on these goals to make America great again."

Persons: Marjorie Taylor Greene, Elon, Greene, Elon Musk, James Comer, Ramaswamy, Taylor, gove Organizations: Elon Musk's DOGE, Elon, Vivek Ramaswamy's Department, Government, Georgia Republican, Fox News, Rep Locations: sion

☆ What to know about Denzel Washington's family, including his actor kids
▼ + stars: | 2024-11-21 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +8 min

Here's what to know about Washington's kids: John David, Katia, Malcolm, and Olivia. John David Washington, Washington's eldest child, stars as the lead. In 2018, John David Washington told Andscape that pursuing football was a way to escape being compared to his father. In 2020, John David Washington told Esquire that he didn't tell his father about the audition until he got the role. Katia Washington has worked on several movies, including "The Equalizer," which starred Denzel Washington, "Fences," which was directed by Denzel Washington, and "Malcolm & Marie," which stars John David Washington.

Persons: Denzel Washington's, John David, Katia, Malcolm, Olivia, Washington's, John David Washington, Katia Washington, Denzel Washington, Cuba Scott, Malcolm Washington's, Olivia Washington, Young Mama Ola, Mama Ola, Samuel L, Jackson, John David Washington John David Washington, Emma McIntyre, Andscape, It's, it's, Dwayne Johnson, — Pauletta, —, Spike Lee's, Christopher Nolan's, Tenet, Gareth Edwards, Katia Washington Katia Washington, Monica Schipper, Django, Marie, Malcolm Washington Malcolm Washington, Jon Kopaloff, Malcolm Washington, August Wilson, Tony, Wilson, Malcolm Washington cowrote, Oscar, Virgil Williams, Olivia Washington Olivia Washington, Amy Sussman, Latoya Richardson, Butler Organizations: Netflix, Washington, Paramount Pictures, Santa Barbara, Film, Campbell Hall High School, Morehouse College, Louis Rams, Germany's, NFL Europe, California Redwoods, United Football League, Hollywood, HBO, Broadway, Yale, Bron Studios, Windward School, University of Pennsylvania, American Film Institute, AP, Toronto Film, New York University's Tisch School, Arts, New York, New York Amsterdam News Locations: Cuba, Pauletta Washington, Washington, Atlanta, — Pauletta Washington, Hollywood, Canadian, LA, Philadelphia, Los Angeles, American, London's, California, New York Amsterdam

☆ We left behind our careers in Nashville to have an 'adult gap year.' We traveled a lot and now happily live in Spain.
▼ + stars: | 2024-11-21 | by ( Cait Church | ) www.businessinsider.com time to read: +4 min

AdvertisementWe left our stressful careers in the music industry in Nashville to have an "adult gap year." We spent a year traveling through Europe to find the joy and balance our lives had been missing. We fell in love with València, Spain, on our trip and have since moved there. Each place had its own unique charm, but one stood out above the rest: València, Spain. We're now living in Spain and happily getting settledWe couldn't stop thinking about Spain even after we'd left.

Persons: we'd, València, We're, we're Organizations: Cait Locations: Nashville, Europe, València, Spain, Tennessee, Portugal, France, Montenegro, Greece, Albania, Ireland, England

☆ Nvidia's Blackwell era will test the world's most valuable company in a highwire act
▼ + stars: | 2024-11-21 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +6 min

To deliver with Blackwell, Nvidia must juggle performance expectations and complex supply chains. How next year plays out will significantly depend on the performance of Blackwell, its next-generation AI chip. The Santa Clara-based chip giant reminded everyone why it has grown more than 200% this year to become the world's most valuable company. AdvertisementNvidia must navigate complex supply chainsFirst, Blackwell is what Nvidia CFO Colette Kress called a "full-stack" system. There had been some recent suggestions that cooling issues were plaguing Blackwell, but Huang seemed to suggest they had been addressed.

Persons: Blackwell, Dan Ives, Jensen Huang, Colette Kress, Kress, Goldman Sachs, Toshiya Hari, Huang, I've, Hopper, Hamish Low, Low Organizations: Nvidia, Blackwell, Revenue, Hopper, SK Hynix, Blackwell's, AMD, Enders Analysis Locations: Santa Clara, Silicon Valley, Connecticut

☆ Who is Jimmy Lai, the Hong Kong media tycoon facing a life sentence in a national security trial?
▼ + stars: | 2024-11-21 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +6 min

Now 77, he's facing a life sentence in a national security trial in Hong Kong. I would just relay to him what happened in Hong Kong when he asked me," Lai said in court, per Reuters. This mass sentencing of Hong Kong's activists was also based on charges under Hong Kong's national security law. Related storiesThe imposition of the national security law marked the effective end of Hong Kong's political autonomy from China. "Above all else, the implementation rules have the potential to radically criminalize online speech in Hong Kong," Woodhams said.

Persons: Jimmy Lai, Kong's, Lai, Hong Kong's, Mike Pence Organizations: Hong Kong, Apple, China, White House, Democracy Locations: Hong, Hong Kong, China, Northern California

☆ It looks like Donald Trump will get to fly on his cut-price Air Force One after all
▼ + stars: | 2024-11-21 | by ( Pete Syme | ) www.businessinsider.com time to read: +5 min

AdvertisementDonald Trump renegotiated a deal with Boeing for a new Air Force One in his first term as president. Following years of delays, billions of dollars, and his return to the presidency, Donald Trump is set to fly on the new Air Force One after all. In 2015, the Air Force again chose Boeing to build two new planes, this time based on the larger 747-8. The VC-25B project is known as the "Next Air Force One." Courtesy of the Air ForceWhile the government is paying $3.9 billion for the new jets, Boeing has suffered from the Next Air Force One.

Persons: Donald Trump, Trump, Dennis Muilenburg, Donald J, Boeing's, Joe Biden, Kennedy, Dave Calhoun, wasn't Organizations: Boeing, Air Force One, Next Air Force, Air Force, Force, Trump, ABC, Trump Shuttle, Reuters, Street Journal, Business Locations: Russian, United States

☆ Elon Musk's DOGE is looking to Argentina for inspiration to slash public spending
▼ + stars: | 2024-11-21 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +5 min

Both men admire Javier Milei, the Argentine leader elected on a pledge to slash the state. About a year ago, standing in front of a whiteboard with a gleam in his eye, Javier Milei started pulling apart Argentina's government. Javier Milei pulls apart a chart of Argentina's state in a video published on September 9, 2023. AdvertisementHarsh medicineHis measures helped tame a crisis: Argentina's inflation was 25.5% when Milei took office, and as of October, it was 2.7%. Argentinians have taken to the streets to protest against Javier Milei's economic policies since his election.

Persons: Elon Musk, Vivek Ramaswamy, Javier Milei, Milei, Lex Fridman, — Milei, Maria Victoria Murillo, Argentinians, Javier, Luciano Gonzalez, Donald Trump's, Trump, Ramaswamy, Musk Organizations: Argentine, Ministry, of Environment, Sustainable, Government, Social Security, US, Institute of Latin American Studies, Columbia University, Anadolu, Getty Images Kimberley, Economics, America, Republicans Locations: Milei, Argentine, Argentina, Mar, Buenos Aires

☆ Ukraine says Russia just became the first country to use an ICBM in war, but the West isn't so sure
▼ + stars: | 2024-11-21 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

AdvertisementUkraine's military said Russia fired an intercontinental ballistic missile at the country Thursday. Ukraine says Russia fired an intercontinental ballistic missile at the country early on Thursday. The Ukrainian Air Force said that Russia launched the ICBM at the centrally located city of Dnipro from its southeastern Astrakhan region, several hundred miles away. Related Video Russia flaunts intercontinental ballistic missile in new videoSome Western officials are pushing back on the Ukrainian claims, asserting that Russia launched a ballistic missile but not an ICBM. pic.twitter.com/DIwGVLQPlo — Oliver Alexander (@OAlexanderDK) November 21, 2024Western officials are challenging the Ukrainian ICBM claims, telling multiple outlets that Russia launched a ballistic missile but not an ICBM.

Persons: Zelenskyy, Volodymyr Zelenskyy, Heorhii, DIwGVLQPlo — Oliver Alexander, ‼ Russia’s, Maria Zakharova, Iv6kHHaxTK, Maria Drutska 🇺🇦 ( Organizations: Ukrainian Air Force, Kyiv's, Strategic Communication, Information Security, Russia, Russian, Dnipro, Ukrainian, Pentagon, Business Locations: Russia, Ukraine, Dnipro, Astrakhan, Ukrainian

☆ Box CEO Aaron Levie, who voted for Kamala Harris, explains why more Democrats should embrace Elon Musk
▼ + stars: | 2024-11-21 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +6 min

AdvertisementBox CEO Aaron Levie said Democrats should embrace Elon Musk. Levie, who supported Kamala Harris, said he thinks Musk is uniquely qualified to support innovation. In an interview with Business Insider, Levie explained why he thinks Democrats should make an effort to embrace Musk, and how he thinks it would benefit American innovation. Levie supported Vice President Kamala Harris for president, donating to her campaign as well as President Joe Biden's before he dropped out of the race. He said he thinks Musk would be uniquely able to identify things that get in the way of progress in those areas.

Persons: Aaron Levie, Elon Musk, Kamala Harris, Levie, Joe Biden's, didn't, Donald Trump, Musk, Hillary Clinton, Joe Biden, Biden, Tesla, EVs, he'd, Sen, Chris Coons, " Coons, Coons, Pete Buttigieg, Helene, Buttigieg, Vivek Ramaswamy, Ramaswamy, Musk's Organizations: Democratic, Business, Democratic Party, Republicans, SpaceX, Twitter, White, Ford, GM, Tesla, EVs, Republican, Fox, Department of Government Efficiency, Transportation, Elon, Politico, Department of Government, Department of Defense Locations: Delaware

☆ A former 'SNL' star says Diddy demanded a closed set when he performed, but Will Ferrell crashed his rehearsal as a bit
▼ + stars: | 2024-11-21 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +3 min

AdvertisementAna Gasteyer was a cast member on "Saturday Night Live" when Sean "Diddy" Combs performed in 1998. She said on the "Las Culturistas" podcast that he "demanded a totally closed set." Will Ferrell crashed his rehearsal as a character named Ron, which made Combs "very uncomfortable." "It is the greatest thing that's ever happened," she continued, saying that Combs "really did not roll with it. Diddy' Combs' sex trafficking case has been assigned to a new judge," Michael Che joked.

Persons: Ana Gasteyer, Sean, Diddy, Combs, Will Ferrell, Ron, Matt Rogers, Bowen Yang, Gasteyer, Diddy's, Jimmy Page, Ferrell, ascot —, Michael Che, Ferrell didn't, Marc Agnifilo Organizations: ascot, New York's Metropolitan Detention Center, Representatives, Gasteyer Locations: New York's

☆ Trump wants the power to single-handedly choke off government spending. Lawmakers aren't sweating it yet.
▼ + stars: | 2024-11-21 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +7 min

AdvertisementTrump wants the power to refuse to spend federal dollars that Congress has already approved. Impoundment has been floated as one way that Trump could singlehandedly enact DOGE's recommended cuts to the federal budget. Meanwhile, lawmakers on Capitol Hill — including those on the House and Senate Appropriations Committees that control government spending — don't seem concerned about Trump's impoundment power grab just yet. He added that there "would be a problem" if Trump tried to impound funding approved by both chambers of Congress. AdvertisementWhat Trump could do with such sweeping powersEven if Congress won't grant Trump impoundment powers, he has another potentially more attractive avenue — the courts.

Persons: He's, Nixon, Elon Musk, Vivek Ramaswamy, Donald Trump, doesn't, it's, Richard Nixon, Trump, DOGE's, Republican Sen, Shelly Moore Capito, haven't, I've, Robert Aderholt, Rosa DeLauro, Mark Amodei, Joe Morelle, appropriators aren't, Tom Cole of Oklahoma, Mark Paoletta, there's, Daniel Schuman, Schuman, shouldn't, Vance, Karoline Leavitt Organizations: Trump, Congress, Department of Government, Capitol, Committees, Republican, West Virginia, Alabama, Democrats, Republicans, Senate, tinker, Nevada Republican, Democratic, GOP, The Washington, Trump administration's Office, Management, American Governance Institute Locations: West, Connecticut, Nevada, New York

☆ Young people flocked to these 10 rural places before the election. 9 went for Trump.
▼ + stars: | 2024-11-21 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +4 min

AdvertisementIn recent years, young Americans moved to rural areas at rates not seen in decades. But that doesn't mean they're turning rural counties red. In the years leading up to the election, young people flocked from urban areas to rural counties at record rates — but they didn't necessarily bring their big-city politics with them. The colored swing column in the table shows the percentage point change in vote share for Trump between 2020 and 2024. Those who did vote went more conservative.

Persons: Gen Zers, University of Virginia demographer Hamilton Lombard, —, Jed Kolko, Kolko, Millennials, Zers —, Kamala Harris, Joe Biden's Organizations: Trump, The New York Times, University of Virginia, Democratic, Republican, CNN, Information, Research, Civic, Economic Locations: Hays County , Texas, New York

☆ The Putin-Kim bromance grows with a lion, yaks, bears, cockatoos, pheasants, and 40 ducks
▼ + stars: | 2024-11-21 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

AdvertisementRussia announced on Wednesday that Vladimir Putin is gifting Kim Jong Un about 70 animals for his zoo. Russia's environmental ministry said the animals include a lioness, two bears, two yaks, and over 60 birds. The new set of animals is another touch by Putin to firm up his alliance with North Korea. AdvertisementKozlov's ministry said it had previously sent Pyongyang birds such as eagles, cranes, and parrots, but that it was the first time Russia had donated mammals. In August, the Times of London, citing a veterinary source in Russia, reported that the Russian leader had sent Pyongyang two dozen purebred white horses.

Persons: Vladimir Putin, Kim Jong Un, Putin, Kim Jong, Alexander Kozlov, Kozlov's, Kim Organizations: Russia, North, Russian Ministry of Natural Resources, Moscow Zoo, Pyongyang Central Zoo, North Korean State Media, NATO, Central, Stockholm International Peace Research Institute Locations: North Korea, Moscow, Pyongyang, North Korean, Korean, Russia, London, Russian, The, Ukraine, Korea, Germany, Poland, Western, Stockholm

☆ If you want to buy a coveted Patek Philippe timepiece, it'll take patience and a few social skills
▼ + stars: | 2024-11-21 | by ( Amanda Krause | ) www.businessinsider.com time to read: +6 min

AdvertisementWhere can you buy a Patek Philippe watch? Karger, a former lawyer who now runs a publication called Wrist Enthusiast, said that Patek Philippe "generally doesn't own their own stores." Representatives for Patek Philippe did not respond to a request for comment from BI on its sales processes. Reaching the level of Patek PhilippeWhen collectors, jewelers, and other fans discuss Patek Philippe watches, awe almost always enters their voices. Brad Pitt wears a Patek Philippe watch while in Venice.

Persons: Philippe, Phil Reid, Patek Philippe timepieces, Queen Victoria, it's, Birkin, Kelly, Reid, Craig Karger, Philippe timepiece, Patek Philippe, Eugene Gologursky, Karger, That's, Patek, Philippe Aquanaut, Jeremy Moeller, there's, Krager, Audemars Piguet, I've, they've, Brad Pitt, JB Lacroix, Variety, who's Organizations: Swiss, Rolex, Cartier, IWC, Nautilus, Getty Locations: London, Patek, Swiss, Miami, Lisbon, Switzerland, New York City, Venice

☆ I moved from the US to Rome for a slower pace of life, but after 7 years I've realized there are some Italian ways I'll never fully adjust to
▼ + stars: | 2024-11-21 | by ( ) www.businessinsider.com time to read: +5 min

I moved to Italy in my 20s after a summer study abroad in Rome during my senior year of college. The most shocking cultural differences are the little things in daily lifeA big part of the "la dolce vita" concept is that life moves slower. Italy isn't as "online" as the US, so you're better off going to a place in person rather than trying to call or email. AdvertisementThe traditional Italian home, which is pretty tiny, isn't designed for people to spend a lot of time there. Seeing the way Italians live, though, has left me in awe of the typical American home, decorated to personal taste with private green space.

Persons: I'm, it's, I've Organizations: KFC, Google Locations: Italy, Rome, United States, America, —, Missouri

☆ Lauren Sánchez, 54, says she used to think life would be 'over at 50' as a woman
▼ + stars: | 2024-11-21 | by ( Amanda Goh | ) www.businessinsider.com time to read: +3 min

AdvertisementLauren Sánchez, 54, says she never expected to have so much to look forward to in life after turning 50. "When I was 20, I thought, 'Oh my gosh, life is over at 50,'" she said on the "Today" show. Apart from her wedding to Jeff Bezos, Sánchez also has a space flight to look forward to. "When I was 20, I thought, 'Oh my gosh, life is over at 50.' AdvertisementIn addition to her wedding, Sánchez also has a flight to space to look forward to, although it is unclear when the trip will happen.

Persons: Lauren Sánchez, Jeff Bezos, Sánchez, Hoda, Savannah Guthrie, I'd, Bezos, MacKenzie Scott, Sanchez, I'm, Magellan, Jacques Cousteau, Anne Hathaway, We're, Oprah Winfrey, Winfrey Organizations: Amazon, Business Locations: Savannah

☆ Kumail Nanjiani shares 4 daily habits he uses to stay fit, healthy, and sane on tour
▼ + stars: | 2024-11-21 | by ( ) www.businessinsider.com time to read: +3 min

AdvertisementComedian Kumail Nanjiani said basic habits help him stay healthy and sane on a busy stand-up tour. Doing stand-up shows in city after city, sometimes multiple shows a day takes a huge amount of energy, the comedian and actor told Business Insider in an interview about his partnership with Quest Nutrition. AdvertisementHe works out almost dailyDespite the hectic schedule of stand-up shows, Nanjiani said he doesn't skimp on fitness. He avoids doing back-to-back shows repeatedlyNanjiani has a basic rule for keeping his mental health intact while touring. Then we'll get a nice dinner that night," Nanjiani said.

Persons: Kumail Nanjiani, Nanjiani, I'm, It's, Emily Gordon, we'll, Emily Organizations: Quest Nutrition

☆ TGI Friday's Bankruptcy: Changing Tastes, Wall Street Crushed Chain
▼ + stars: | 2024-11-21 | by ( Emily Stewart | ) www.businessinsider.com time to read: +11 min

The hundreds of TGI Fridays franchises across 41 countries are independently owned entities and, therefore, not part of the bankruptcy process. AdvertisementIf you're a TGI Fridays lover, that means you can still go to the one nearby if you want. Like companies in a similar situation, the story of TGI Fridays is one of slow decline before an accelerated crash. In addition to grappling with changing tastes, TGI Fridays has also been subject to another trend in the restaurant business: private equity financial maneuvering. It can always be Friday anywhere, not just TGI Fridays, and maybe at a better price point or nicer experience.

Persons: Ray Blanchette, Brandon Coleman III, Coleman, Weldon Spangler, It's, Jonathan Maze, Tom Cruise, Ruby, Chili's, You've, they'll, who'd, Burt, hasn't, There's, John Bringardner, Bringardner, that's, Ragini, Alicia Kelso, Kelso, TriArtisan, Hostmore, I'm, Emily Stewart Organizations: Street, Restaurant Business, Buffalo Wild Wings, NFL, Strategic Resource, — TriArtisan Capital Advisors, Sentinel Capital Partners —, Sentinel, Citibank, SEC, FTI Consulting, Creditsafe, Hooters, Business Locations: Beppo, New York, Olive, Nation's

☆ I'm a former model and now run a fintech company. The fashion industry taught me everything I needed to know to be CEO.
▼ + stars: | 2024-11-21 | by ( Kristina Puga | ) www.businessinsider.com time to read: +5 min

Now that she's a CEO, she relies on her experience as a model when building a brand and pitching. My cofounder and I received a lot of pushback when we started Frich. It helps that I really understand our audience because I lived this: I was anxious about money as a teen model. You make your best money when you're really young, and no one teaches you what to do with that money at that age. When we first started Frich, we realized that money needs to be exciting and cool.

Persons: Katrin Kaurov, —, Zers, it's, you've, Everyone's, I'm Organizations: Forbes, YouTube Locations: New York

☆ Mysterious exploding craters started turning up in Siberia 10 years ago. Scientists say more are likely.
▼ + stars: | 2024-11-21 | by ( Jessica Orwig | ) www.businessinsider.com time to read: +5 min

Tucked away in the frigid northern corner of Siberia are giant craters, some deep enough to fit a 15-story building. It's been fairly clear from the beginning that the craters are caused by some type of explosion deep underground. Researchers widely agreed that when these hydrates are damaged, they release methane gas, which is what's triggering the explosions in Siberia. AdvertisementMore exploding craters to comeSiberia will likely have more explosive craters in the coming years as global temperatures continue to warm. It's unclear exactly how much methane these explosions release, but in the grand scheme of climate change, they're a small matter.

Persons: It's, Ana Morgado, Morgado, Madeline Reinsel, Osomis Organizations: University of Cambridge, Business Locations: Siberia, Russia, Manhattan, Canada, It's

☆ After a stinging election defeat, the Democrats' next big race kicks off: From the Politics Desk
▼ + stars: | 2024-11-20 | by ( The Politics Desk | ) www.nbcnews.com time to read: +12 min

After a stinging election defeat, the race to lead the DNC kicks offBy Natasha Korecki and Alex Seitz-WaldTwo weeks after suffering another stinging defeat to Donald Trump, Democrats are in the throes of dissecting what went wrong and figuring out their path forward. Martin O’Malley, a onetime presidential candidate and the commissioner of the Social Security Administration, kicked off the race by entering the fray. Minnesota Democratic Party Chair Ken Martin, a DNC vice chair and leader of the Association of State Democratic Committees, followed by formally announcing his candidacy Tuesday. Still looming out there: Wisconsin Democratic Party Chair Ben Wikler, who has developed a reputation as a prodigious fundraiser and field organizer. Read more → ☑️ Latest race calls: Democratic Rep. Marcy Kaptur defeated Republican Derek Merrin in Ohio’s competitive 9th District, NBC News projected.

Persons: Natasha Korecki, Alex Seitz, Wald, Chuck Todd, Donald Trump, Joe Biden, Jaime Harrison, Martin O’Malley, Ken Martin, Martin, O’Malley, Chuck Rocha, Sen, Mallory McMorrow, Ben Wikler, “ Ben, That’s, Rahm Emanuel, Barack Obama, Emanuel, Adam Parkhomenko, Hillary Clinton’s, “, ” Parkhomenko, James Zogby, it’s, Howard Dean, Obama —, Chuck Todd Here’s, Trumpism, Trump, wasn’t, Harris, Biden, Read, Chuck → ➡️, Matt Gaetz, Lloyd Austin, Pete Hegseth, Linda McMahon, Matt Whitaker, 🗞️ Organizations: NBC, White House, Capitol, Democratic National Committee, DNC, Maryland Gov, Social Security Administration, Minnesota Democratic, Association of State Democratic Committees, Democratic, Politico, Republican, Democratic National Convention, Wisconsin Democratic, Chicago, NBC News, Arab American Institute, America, GOP, Pentagon, “ DEI, Biden, Chuck → ➡️ Trump, Wrestling Entertainment, Education Department, Former, Atlantic Treaty Organization Locations: Michigan, U.S, Japan, Oklahoma

Gautam Adani, India’s second-richest person, has been charged by U.S. federal prosecutors with fraud on accusations that he and several alleged co-conspirators sought to pay $250 million in alleged bribes to Indian officials. The defendants then “lied about the bribery scheme as they sought to raise capital from U.S. and international investors.”The scheme, according to prosecutors, occurred between 2020 and 2024. Gautam Adani, worth approximately $70 billion according to Forbes, heads the Adani Group, an industrial conglomerate that holds stakes in logistics and energy units. The findings from the short-seller, Hindenburg Research, caused Adani Group shares to tumble — but they ended up recovering following a favorable ruling related to the allegations by India’s Supreme Court. Adani has also received direct support from Indian Prime Minister Narendra Modi, something India’s opposition party has highlighted.

Persons: Gautam Adani, India’s, Attorney Breon Peace, “, Adani’s, Sagar, Forbes, Adani, Narendra Modi, ” Hindenburg, ” Organizations: Attorney’s, “, Attorney, Securities, Exchange Commission, Group, Adani, SEC, Green Energy Ltd, Hindenburg, Adani Group, India’s, Indian Locations: U.S, Brooklyn, United States

Big retailers’ fortunes are diverging as the holiday shopping season gets underway. On Wednesday, Target cited “lingering softness in discretionary categories” as a top factor in its disappointing third-quarter sales, as many budget-conscious shoppers continue to focus on necessities. It’s the latest sign that discounts will be the driving force this holiday season, as they’ve been for much of this year. “We’re starting to get back to normal here.”U.S. retail sales rose 0.4% overall in October, federal data showed last month, beating analysts’ forecasts. In the meantime, the steady expansion of e-commerce looks set to continue this holiday season.

Persons: ”, Brad Thomas, they’ve, TJ Maxx, John David Rainey, “ We’re, “ They’re, they’re, ” Thomas, Matthew Shay, TransUnion, Neil Saunders, Saunders, Helene, Milton, who’ve, ” Saunders Organizations: Target, Walmart, KeyBanc, Marshalls, CNBC, “, National Retail Federation, GlobalData, NBC

Target reported earnings Wednesday that came in far below Wall Street's expectations, something the big-box retailer attributed to slower-than-expected demand. The company announced profits that missed forecasts by 20%, its widest miss in two years. Broader stock trading did not immediately react, however, as Wall Street awaits earnings from chipmaker Nvidia, which has helped power the market higher throughout the year. Target's report comes a day after rival Walmart reported earnings and revenues that beat expectations. “We’re expecting this holiday period to be very consistent with that,” Walmart Chief Financial Officer John David Rainey told CNBC.

Persons: Brian Cornell, Michael Fiddelke, “ We’re, John David Rainey, “ They’re Organizations: Target, Nvidia, Walmart, CNBC

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