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Judge Arthur Engoron presides over the civil fraud trial of former President Donald Trump and his children at New York State Supreme Court in New York City on Nov. 13, 2023. Police are investigating a swatting incident at the New York home of the judge set to hear closing arguments later Thursday morning in the business fraud trial of former President Donald Trump. It is the second time in days that a swatting attempt has been made against a judge handling a case involving Trump. Closing arguments in Trump's civil fraud trial are still set to begin at 10 a.m. The lawyer, Chris Kise, refused to confirm to Engoron that Trump would abide by restrictions the judge had set on what Trump could say during the closing.

Persons: Arthur Engoron, Donald Trump, Engoron's, Trump, Engoron, Chris Kise Organizations: New York, Police, New, Trump, Nassau County Police, CNBC, Daily Beast, NBC News, Nassau County Police Department Locations: New York City, New York, Nassau, Manhattan

☆ White House prepares for Taiwan presidential elections and 'period of higher tension'
▼ + stars: | 2024-01-11 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +4 min

U.S. President Joe Biden and Chinese President Xi Jinping before a meeting during the Asia-Pacific Economic Cooperation leaders' week in Woodside, California, Nov. 15, 2023. A senior Chinese liaison to Taiwan warned recently that Saturday's election would be a choice between "peace and war." Depending on the outcome, they could also trigger an increase in Chinese military activity in and around the island. Taiwan has reported myriad attempts by the Chinese government to influence the election via disinformation campaigns, cyberattacks and economic coercion. These meetings build on President Joe Biden's November one-on-one with Chinese President Xi Jinping in San Francisco, which aimed to end the bitter freeze that has characterized recent U.S.-China relations.

Persons: Joe Biden, Xi Jinping, Biden, Washington, Lai Ching, Hou Yu, Ko Wen, Jon, Joe Biden's, Xi, Taiwan's Organizations: Economic Cooperation, U.S ., Democratic Progressive Party, U.S, ih, Pentagon, National, White House Locations: Asia, Woodside , California, Taiwan, China, Beijing, U.S, United States, Washington, Taipei, San Francisco

☆ Gold slides on brewing concerns of U.S. rate cuts still far off
▼ + stars: | 2024-01-11 | by ( ) www.cnbc.com time to read: +2 min

Gold bars and gold coins of different sizes lie in a safe on a table at the precious metal dealer Pro Aurum. Spot gold was down 0.1% at $2,024.99 per ounce, after rising as much as 0.8% before the data. The dollar index extended gains after data showed U.S. consumer prices rose more than expected in December, which could delay a much anticipated U.S. rate cut in March. Traders see a 67% probability of a rate cut in March, according to the CME FedWatch tool, compared with about a 71% chance seen before the report. Higher rates dim the appeal of gold, which pays no interest.

Persons: Gold, hawkish, Loretta Mester, Tom Barkin, Phillip Streible, Streible, Tai Wong, Silver Organizations: Aurum, Federal Reserve, Cleveland Fed, Richmond Fed, Blue, Traders Locations: Chicago, New York

☆ US FDA Identifies Recall of ResMed's Respiratory Devices as Most Serious
▼ + stars: | 2024-01-11 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +1 min

(Reuters) - The U.S. Food and Drug Administration (FDA) on Thursday classified the recall of certain respiratory masks made by ResMed as most serious as their use could cause major injuries or death. ResMed was recalling some models of its continuous positive airway pressure (CPAP) masks, AirFit and AirTouch, due to possible magnetic interference with certain medical devices and implants which might disrupt their function or position and cause serious harm or death, the FDA said. The FDA said ResMed was recalling these masks to update the labels and add more warnings and information. The California-based medical device maker started the recall process on Nov. 20 and has recalled over 20 million devices in the United States. The health regulator said there has been six reported injuries and no reports of death due to the devices.

Persons: ResMed, Mariam Sunny, Maju Samuel Organizations: Reuters, U.S . Food, Drug Administration, FDA Locations: U.S, California, United States, Bengaluru

☆ Spot ETFs offer an easier and cheaper way to invest in bitcoin
▼ + stars: | 2024-01-10 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +3 min

Though approval of multiple spot bitcoin ETFs translates to increased fee competition and a way out for current GBTC investors, many traders would take a capital gains tax hit if they exited their GBTC position to purchase another ETF. watch nowWhether the appetite for spot bitcoin ETFs is overblown is another key concern among investors. "Gold ETFs are currently 1.4% of above ground (investible) gold," the JPMorgan analysts wrote. "We believe that the cryptocurrency markets are pricing in an optimistic impact from Bitcoin ETFs that is likely to fall short of expectations." WATCH: SEC approves 11 bitcoin spot ETFs

Persons: Omar Marques, Emilie Choi, GBTC, Bryan Armour, Bernstein, CNBC's Jordan Smith Organizations: Lightrocket, Getty, U.S . Securities, Exchange Commission, BlackRock, Fidelity, North America, Morningstar, Research, JPMorgan, Mizuho, SEC Locations: U.S

☆ Elon Musk's X to launch peer-to-peer payments this year
▼ + stars: | 2024-01-09 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +2 min

Elon Musk's social media platform X, formerly known as Twitter, announced it will launch peer-to-peer payments this year, according to a Tuesday blog post. X said the payments will unlock "more user utility and opportunities for commerce" as the platform works to "revolutionize 2024." The blog post did not offer specific details about how the payments will work or when they will officially launch. According to the Nationwide Multistate Licensing System website, X Payments LLC — the payment subsidiary of X — has only obtained money transmission licenses in 14 states so far. Introducing peer-to-peer commerce to the platform would mark the latest sweeping change at X since Musk acquired the company for $44 billion in late 2022.

Persons: Elon, Twitter —, X, —, Musk Organizations: SpaceX, Twitter, New York Times, X, eToro Locations: New York City

☆ Match shares surge on report activist investor Elliott takes $1 billion stake
▼ + stars: | 2024-01-09 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Shares of Tinder owner Match jumped as much as 12% during Tuesday morning trading after The Wall Street Journal reported that Elliott Management, the activist investing firm behind campaigns at Salesforce and Pinterest , had built a roughly $1 billion stake in the online dating company. The company had a market cap of $10 billion at the close Monday, but that pales in comparison to its more than $45 billion market cap in 2021. Elliott is expected to engage with Match management, the Journal reported citing people familiar with the matter, but it was not clear if that engagement would include nominating its own directors. But the company reported a continued tumble in so-called Tinder payers in November when it reported third-quarter earnings. A spokesperson for Elliott Management was not immediately available for comment.

Persons: Gary Swidler, Greg Blatt, Sam Yagan, Nelson Griggs, Elliott, Jesse Cohn Organizations: Match, Match Group, Nasdaq, Street Journal, Elliott Management, JPMorgan, Phillips, CNBC, Citrix, eBay, Twitter Locations: New York City, Salesforce

☆ Tiger Woods ends Nike partnership after 27 years
▼ + stars: | 2024-01-08 | by ( Jessica Golden | ) www.cnbc.com time to read: +3 min

Tiger Woods during the pro-am as a preview for the Hero World Challenge at Albany Golf Course in Nassau on Nov. 29, 2023. Tiger Woods' 27-year partnership with Nike has come to an end. "Phil Knight's passion and vision brought this Nike and Nike Golf partnership together and I want to personally thank him, along with the Nike employees and incredible athletes I have had the pleasure of working with along the way," Woods wrote. In a statement, the company said: "For over 27 years, we have had the honor to partner with Tiger Woods, one of the greatest athletes the world has ever seen. Yet, Woods brought significant exposure to the Nike brand.

Persons: Woods, Tiger Woods, Phil Knight's, Mark Steinberg, Tiger, Roger Federer, Marc Maurer, it's, TaylorMade, aren't, Brian Yarbrough, Edward Jones, Eric Smallwood, LeBron James, Smallwood, — CNBC's Gabrielle Fonrouge Organizations: Nike, Nike Golf, CNBC, Apex Marketing, Golfers, CNBC PRO Locations: Nassau, Swiss, Orlando, Oregon

☆ A sports drinks turf war could determine whether beverage stocks bounce back in 2024
▼ + stars: | 2024-01-06 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +5 min

The rise of Prime comes at a time when key beverage stocks are struggling for traction. PEP 1Y mountain Shares of Pepsico have fallen over the past 12 months, along with its two main peers. Pepsi, for instance, is pushing newer versions of Gatorade with Gatorade Zero, G-Fit and Gatorlyte, as well as the Fast Twitch energy drink. Where to invest The exact impact of sports drinks on beverage stocks can be hard to determine. The big three companies do not break out the financials for their sports drink brands individually, and any impact could be outweighed by other categories, like Pepsi's snack foods.

Persons: Ramon Laguarta, —, Logan Paul —, Laguarta, Dr Pepper, Lauren Lieberman, Lieberman, There's, Z'ers, Gerald Pascarelli, Pascarelli, Keurig Dr Pepper, Electrolit Organizations: Pepsico, YouTube, Pepsi, Gatorade, Coca, PEP, Barclays, Holdings, CNBC, Nielsen, Grupo PiSA, Keurig Locations: United States, Mexican, Electrolit, LSEG

☆ China's Xpeng claims its latest EV model could be an industry 'game changer'
▼ + stars: | 2024-01-05 | by ( Sheila Chiang | ) www.cnbc.com time to read: +4 min

watch nowChinese electric vehicle company Xpeng told CNBC on Friday that its newly launched X9 model could be a "game changer" for the industry. Xpeng launched the X9 large 7-seater EV on Jan. 1, a car built on its SEPA2.0 architecture for the Chinese market. Xpeng's new launch comes as several domestic EV players such as Nio , Huawei and Zeekr recently revealed new electric vehicles. Stiff competitionCompetition is intensifying in the Chinese EV market, with BYD, Li Auto and Geely among the small number of players that have hit their annual sales targets. Gu is optimistic on China's EV market in 2024 despite challenges, saying that "2024 will be a very competitive year" with new model and brand launches.

Persons: Xpeng, Brian Gu, Emily Tan, Gu, Zeekr, Xpeng Xpeng, Guangdong Huitian, Li Auto, Vincent Sun, Xpeng Nio, Li, BYD, Tesla, TrendForce Organizations: CNBC, Jan, EV, Huawei, Guangdong Huitian, Li Auto Locations: China, Europe, Guangdong, U.S

☆ Walgreens stock plunges after drugstore chain slashes quarterly dividend nearly in half
▼ + stars: | 2024-01-04 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +5 min

Walgreens' dividend yield is now 3.9%, based on Wednesday's closing price. That's down significantly from its prior yield of more than 7%, which made the company the highest-paying dividend stock in the Dow Jones Industrial Average . Walgreens booked sales of $36.71 billion in the quarter, a roughly 10% jump from the same period a year ago. Walgreens is making significant investments to transform from a major drugstore chain to a large health-care company. Despite the quarterly beats, Walgreens reiterated its fiscal 2024 adjusted earnings guidance of $3.20 to $3.50 per share.

Persons: Tim Wentworth, Wentworth, Walgreens, Mario Tama Organizations: Walgreens, Dow Jones, CNBC, LSEG, Pharmacy, Getty Locations: U.S, Los Angeles , California

☆ As calls grow for a tougher response to Houthi attacks on Red Sea ships, Biden officials meet to discuss military options
▼ + stars: | 2024-01-03 | by ( Courtney Kube | Carol E. Lee | ) www.cnbc.com time to read: +5 min

According to the officials, U.S. Central Command provided Pentagon leaders with options for an additional military response after the incident, and the Pentagon sent those options to senior White House officials. Biden was updated multiple times on the situation in the Red Sea while on vacation. An administration official denied that there have been disagreements between White House and U.S. military officials about responding to the Houthis. On Tuesday, Houthi rebels fired two anti-ship ballistic missiles into the southern Red Sea, the 24th attack against ships in the area since Nov. 19. The USS Laboon and U.S. Navy F/A-18 Super Hornets shot down the drones and missiles, and no ships were damaged.

Persons: Joe Biden, Houthi, Jon, Biden, CENTCOM, Al Jasrah, Carney Organizations: Galaxy, WASHINGTON, White, U.S ., U.S . Navy, U.S . Central Command, Pentagon, White House, . U.S . Navy, U.S, Iran, Maersk, Hornets Locations: Iran, Yemen, Red, U.S, St . Croix, White House, ., Gulf of Aden, Gaza

☆ Fidelity fund again trims Elon Musk’s X valuation
▼ + stars: | 2024-01-02 | by ( Brian Fung | ) edition.cnn.com time to read: +1 min

The latest disclosure by a Fidelity mutual fund reflects a long-running trend that has steadily reduced X’s estimated value over the past year amid successive crises at the company, many of which have been driven by owner Elon Musk. The filing said its shares in X represent less than .01% of the total value of the fund, which it said is more than $49 billion. Fidelity did slightly increase its estimated value of X multiple times last summer, around when Linda Yaccarino became X’s CEO. Since then, however, Fidelity has continued to cut the estimated value of its X shares. With X being privately held, Fidelity’s estimates have emerged as a closely watched indicator of X’s health and a reflection of the attitudes of Musk’s own investors.

Persons: Musk, Elon Musk, Fidelity’s, Linda Yaccarino Organizations: CNN, Investment, Fidelity, Twitter, Growth, Axios

☆ Heroes to zeroes in 12 months: How the two biggest crypto billionaire CEOs proved the critics right
▼ + stars: | 2023-12-30 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +12 min

Combination showing Former FTX CEO, Sam Bankman-Fried (L) and Zhao Changpeng (R), founder and chief executive officer of Binance. Meanwhile, Solana is nearly 10x higher in the last 12 months, and bitcoin miner Marathon Digital has also skyrocketed. That same year, Bankman-Fried earned street cred in crypto circles for his bitcoin arbitrage trading strategy, dubbed the Kimchi swap. The relationship between Zhao and Bankman-Fried began to sour a few months after they met. In Nov. 2022, a fight between Bankman-Fried and CZ on Twitter, now known as X, pulled the mask off the scheme.

Persons: Sam Bankman, Zhao Changpeng, Bitcoin, Solana, Binance's, Zhao, FTX's Sam Bankman, Fried, JPMorgan Chase, Jamie Dimon, bitcoin, Bill Gates, Warren Buffett, Elizabeth Warren, execs, Renato Mariotti, Michael Lewis, Sam, gunning, Lewis, SBF, Binance, FTX, Goldman Sachs, General Merrick Garland, Garland, Amr Alfiky Organizations: Marathon, JPMorgan, Microsoft, Capitol, Department of Justice, U.S . Justice Department's Securities, Commodities, CZ, Alameda Research, Formula, Democratic, Twitter, Emergency Economic, U.S ., Futures Trading Commission, Treasury Department, Securities, Exchange Commission, Justice Department, DOJ, Reuters Locations: Hong Kong, Singapore, Bankman, FTX, Miami, Washington, Alameda, U.S, New York City

How the Russian Government Silences Wartime DissentJust days after invading Ukraine, President Vladimir V. Putin of Russia signed a censorship law that made it illegal to “discredit” the army. The indignities of the crackdown, and the long arm of the Russia law, is being lost in the numbers. Nanna Heitmann for The New York TimesIn dry legalese, the court documents recount the Russian state’s case against these statements and protests. People’s “negative assessment” of the Russian military could adversely affect its performance, the court said, presenting a national security risk. And I very much don’t want this.”Sergei Platonov at district court in Moscow listening to his guilty verdict in November.

Persons: Vladimir V, Putin, ”, — schoolteachers, —, That’s, Ukraine —, pollsters, Andrei Kolesnikov, Demyan, Aleksandr T, Olga V, ” Maksim L, Omsk Diana I, Denis V, Russia ”, “, Maksim P, Anna S, Maria V, people’s “, Russia’s, Zaynulla Gadzhiyev, Mr, Bespokoyev, Marina Tsurmast, scrawled, Nanna Heitmann, Tsurmast, Gadzhiyev, Vladimir Kara, Murza, Aleksandra Y, Skochilenko, Selimat, Vladimir A, Rustam I, ” Yelena L, Aleksandr K, Olga P, Dmitri D, Sergei V, Eve, Daria Ivanova, Ms, Ivanova, “ you’ll, Anton Redikultsev, Redikultsev, Jan, Marina, Sergei P, ” Yuldash, ” Dmitri S, Peskov, Putin’s, Sergei Platonov, Platonov, Russian Gestapo ”, Polina, Kolesnikov, Anna Sliva, Sliva Organizations: New York Times, Times, Carnegie Russia Eurasia Center, OVD, Penza Yuriy V, Russia, ”, Ukraine ” “, YouTube, Bucha, Ukraine, Police, The New York Times, Armed Forces, Russian Federation, VK, Russian Gestapo, The New York Locations: Russia, Russian, Ukraine, “, Omsk, Peace, Ukraine ” “ Ukraine, Bucha, Moscow, St, Petersburg, Iglino, ”, Novosibirsk, Siberia, Crimea, Ukrainian, Kalga, Russia’s, OVD, Coast, Primorye, Soviet

☆ From FedEx to airlines, companies are starting to lose their pricing power
▼ + stars: | 2023-12-29 | by ( Leslie Josephs | ) www.cnbc.com time to read: +5 min

Andrew Kelly | ReutersAfter years of unbridled consumer spending on everything from home improvement to dream vacations, some companies are now finding the limits of their pricing power. Nike last week lowered its annual sales growth forecast and unveiled plans to cut costs by $2 billion over the next three years. "Goods companies don't have the pricing power they did in the pandemic, and some in the hotel and travel [industries] — they don't have the pricing power they did in the immediate post-Covid," he added. Sales growth for companies in the S&P 500 is on track to average 2.7% this year, according to mid-December analyst estimates posted by FactSet. Consumer spending on apparel and groceries rose 2.4% and 2.1%, respectively, from the year-earlier period, according to the survey.

Persons: Andrew Kelly, Mills, Joe Cavaretta, David Kelly, FactSet, Kelly, isn't, airfare, John F, Bob Jordan, Jordan, Ohsung Kwon Organizations: FedEx, Reuters, Shipping, Airlines, Target, Nike, Spirit Airlines, Hasbro, Fort Lauderdale Hollywood International, South Florida Sun Sentinel, Tribune, Service, Getty, Florida Sun, Morgan Asset Management, FactSet, Mastercard, Starbucks, Airline, U.S . Department of Labor, Kennedy International, Southwest, CNBC, Detroit automakers, Toyota, Cox Automotive, Bank of America Locations: New York, speedier, Fort, South

☆ A look back at a remarkable stock market year, and what should worry investors into 2024
▼ + stars: | 2023-12-28 | by ( Bob Pisani | ) www.cnbc.com time to read: +10 min

A few days ago, S & P noted that the S & P 500 total return of 25.85% would only be up 9.49% ex the Magnificent 7. If you own the S & P 500 long-term, you are participating in those gains. The S & P is up 1,200 points (25%) since then and is knocking on the door of an historic high. The S & P 500 is overbought and expensive on most metrics. The S & P 500 up almost 25% in a year is the kind of problem a lot of people would be happy to have.

Persons: Russell, YTD, General Mills, it's, Staples, Campbell, Mills Organizations: AMD, Arista Networks, Apple, Meta, Nvidia, Nasdaq, Nike, FedEx, General, NextEra, Utilities, Treasuries Locations: Russia, Ukraine, Israel, Wayfair, Devon, Chevron

☆ Houthi attacks and U.S. strikes add to concerns of broader conflict in the Middle East
▼ + stars: | 2023-12-27 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

Houthi military helicopter flies over the Galaxy Leader cargo ship in the Red Sea in this photo released on Nov. 20, 2023. Yemen's Houthi rebels launched fresh attacks on cargo ships in the Red Sea, while the U.S. carried out strikes against targets in Iraq, amid fears that the war in the Gaza Strip could engulf the Middle East. The U.S. military carried out retaliatory strikes against three installations in Iraq linked to Kataib Hezbollah on Monday, the Pentagon announced, after three American service personnel were injured in a one-way drone attack carried out by the Iran-aligned militant group. On Tuesday, Houthi militants, also backed by Iran, launched a fresh drone attack against a container ship operated by MSC that was heading for Pakistan. "The naval forces of the Yemeni Armed Forces carried out a targeting operation against the commercial ship, 'MSC UNITED,' with appropriate naval missiles," Yahya Sare'e, spokesperson for the Yemeni Armed Forces, said in a post on the X social media platform, formerly known as Twitter.

Persons: Yemen's Houthi, Defense Lloyd Austin, Austin, Yahya Sare'e Organizations: Galaxy Leader, Hezbollah, Pentagon, Defense, Reuters, stoke, Houthi, MSC, Yemeni Armed Forces, UNITED, Twitter Locations: Red, U.S, Iraq, Gaza, The U.S, Iran, Pakistan

☆ Cabbing in Italy can be a gnarly affair. Here’s how to navigate it
▼ + stars: | 2023-12-27 | by ( Clement Tan | Jonathan Delise | ) www.cnbc.com time to read: +4 min

I knew something was amiss when the taxi meter read 10.50 euros as we pulled away from the Roma Termini train station. Some travel sites suggest there's an additional 2 euro surcharge for all taxi rides from Roma Termini, although that information is not listed on official sites. Before arriving in Italy, download taxi hailing apps associated with the major Italian taxi companies, such as ItTaxi, FreeNow and Free Taxi. The event took place on Nov. 9, 2023, in Rome, Italy. Do your researchLearn to recognize official white cabs and the various city emblems, and where taxi drivers post their taxi licenses and vehicle registration numbers.

Persons: Milan —, Roberto Gualtieri, Eugenio Patane, Claudia Gualdi, Francesca Volpi, Aurelian, Gabriel Bouys Organizations: Taxi, Mayor, Mobility, Nurphoto, Getty, Bloomberg, Fiumicino Airport, AFP Locations: Roma, Italy, Trastevere, Rome, Piazza del, Riskline, Duomo, Milan, Florence

☆ El Niño's 'sweet tooth' means indulgent treats could soon be even more expensive
▼ + stars: | 2023-12-25 | by ( Sam Meredith | ) www.cnbc.com time to read: +3 min

Futures contracts on orange juice , cocoa , coffee and sugar have soared in part because of extreme weather and supply concerns related to El Niño. "You can say El Niño has a sweet tooth because it sort of eats or takes away much of the sugar in the world," Carlos Mera, head of agri commodities market research at Netherlands-based Rabobank, told CNBC. "Sugar prices have probably already been passed on [to consumers] but certainly for chocolate we should expect a big increase at retail level — and El Niño is certainly something to watch." Joe Raedle | Getty Images News | Getty ImagesThe effects of El Niño tend to peak during December, but the impact typically takes time to spread across the globe. It also warned that several crops could be adversely affected by El Niño early next year, while acknowledging there is the potential for some crops to benefit, citing those in the United States, southern Brazil and Argentina.

Persons: El, Carlos Mera, El Niño, Joe Raedle, Dave Reiter, Reiter, Sia Kambou Organizations: Future Publishing, Rabobank, CNBC, Getty, Reiter Capital Investments, Twitter, Workers, Afp Locations: Yichang City, China's Hubei, Netherlands, El, Orange, Miami , Florida, Southeast Asia, India, Australia, Africa, United States, Brazil, Argentina, Florida, Hermankono

☆ Nike sinks 12% after it slashes sales outlook, unveils $2 billion in cost cuts
▼ + stars: | 2023-12-21 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +4 min

Nike on Thursday unveiled plans to cut costs by about $2 billion over the next three years as it lowered its sales outlook. Nike now expects full-year reported revenue to grow approximately 1%, compared to a prior outlook of up mid-single digits. Those costs are mostly related to employee severance costs, Nike said. During Nike's fiscal second quarter, it posted a strong earnings beat, indicating its cost-savings initiatives were already underway. Sales rose about 1% to $13.39 billion, from $13.32 billion a year earlier.

Persons: Matthew Friend, Friend, didn't, Armour Organizations: Nike, EMEA, Oregonian, LSEG, Adidas, Brands Locations: Thursday's, Greater China, Nike's, DSW

☆ Houthi attacks rocking Red Sea trade routes likely won't end anytime soon. Here's what could happen next
▼ + stars: | 2023-12-21 | by ( Natasha Turak | ) www.cnbc.com time to read: +8 min

Houthi military helicopter flies over the Galaxy Leader cargo ship in the Red Sea in this photo released on Nov. 20, 2023. Houthi Military Media | Via ReutersDrone and missile attacks by Yemen-based Houthi militants have upended shipping through the Red Sea and Suez Canal, a narrow waterway through which some 10% of the world's trade sails. And will a U.S.-led naval security coalition be effective enough to make the Red Sea trade routes safe for trade again? Zoom In Icon Arrows pointing outwards An infographic titled 'Bab-el-Mandeb Strait: Trade route between East and West narrows amid Houthi threat' created in Ankara, Turkiye on December 18, 2023. Concerns grow as major maritime transportation companies alter their ship routes in response to the increasing Houthi threats in the Red Sea.

Persons: Lloyd, Ryan Bohl, Rane, Khaled Abdullah, Houthi, Rather, Mohammed Hamoud, Mohammed al, Sidharth, , Kaushal, Corey Ranslem Organizations: Galaxy Leader, Houthi, Media, Reuters, . Central Command, BP, Maersk, MSC, CMA, Pentagon, DHL, Middle East, CNBC, Hezbollah, Saudi, Arab, Hamas, Royal United Services Institute, Maxar, Dryad Locations: Red, Yemen, Suez, Africa, Asia, Europe, North Africa, U.S, Lebanese, America, Israel, Saudi, Sanaa, Saudi Arabia, Iran, Mandeb, Trade, East, West, Ankara, Turkiye, Hodeida, Islamic Republic, Gaza, Palestinian, Israel's, Sana'a, London, Bahrain, Canada, France, Italy, Netherlands, Norway, Spain

☆ Electric scooter company Bird files for bankruptcy
▼ + stars: | 2023-12-20 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +1 min

A banner for electric scooter rental company Bird is displayed outside of the New York Stock Exchange as the company goes public via a SPAC on Nov. 5, 2021. The electric scooter company Bird , once valued at $2.5 billion by investors, filed for Chapter 11 bankruptcy protection in Florida federal court Wednesday. The company went public via a merger with a special purpose acquisition company in 2021, but its share price tumbled. Bird's bankruptcy proceedings come after the New York Stock Exchange delisted the company in September. Bird Canada and Bird Europe are not part of the company's Wednesday filing and will "continue to operate as normal," according to the release.

Persons: Bird Organizations: New York Stock Exchange, Bird, CNBC PRO Locations: Florida

☆ A hedged options bet on Tesla's run to continue into January
▼ + stars: | 2023-12-20 | by ( Jeff Kilburg | ) www.cnbc.com time to read: +3 min

One word we will all say (most likely at nauseum) in 2024 is Optimus (Tesla's bipedal robot). Optimus was toting a gun and fired multiple shots on the new Cybertruck to reveal its bulletproof capabilities. Musk said Optimus would use the same technology and software as Tesla's vehicles, such as the Autopilot system and the Full Self-Driving computer. One of the multiple benefits germane to Tesla stock would be having these Optimus bots assist on the Tesla production line. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: Tesla, Elon Musk's, Optimus, Musk Organizations: AMD, Optimus, Elon, Tesla

☆ Here’s a rapid-fire update on all 33 stocks in our portfolio, including those Cramer would buy on dips
▼ + stars: | 2023-12-19 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +14 min

Here's a rapid-fire update on all the stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. If we get a sell-off in January, Eaton is a logical place to look to buy, Jim said. Procter & Gamble : It's possible that 2024 is a better year for P & G the company than P & G the stock, Jim said. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer's, Jim, they'll, we've, there's, he'd, Dupont De, Ed Breen, Danaher, Walt Disney, Bob Iger, Trian's Nelson Peltz, Estee Lauder, Bausch, we're, Eaton, Mary, Eli Lilly's, he's, Vimal Kapur, Kapur, We've, Eli Lilly, Mark Zuckerberg, Morgan Stanley, Morgan, Elliott, Stanley Black, Decker, TJ Maxx, Charlie Scharf, it's, Jim Cramer, Virginia Sherwood Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Broadcom, VMWare, Bausch, Bausch Health, Charitable Trust, Caterpillar, Federal, Costco Wholesale, Coterra Energy, Dupont De Nemours, Fed, Walt, Eaton Corporation, Ford, GE Healthcare, Google, Honeywell, New, Facebook, Meta, Reality Labs, Microsoft, Activision Blizzard, Nvidia, AMD, Apple, Palo Alto Networks, Procter & Gamble, Constellation Brands, Elliott Management, Constellation, Modelo, Corona, Street, TJX, TJ, Wynn Resorts, Jim Cramer's Charitable, NYSE Locations: hospitalizations, China, U.S, Palestine, Wells Fargo

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