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☆ Fight for control of the House Financial Services Committee heats up
▼ + stars: | 2024-11-27 | by ( Emily Wilkins | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFight for control of the House Financial Services Committee heats upCNBC's Emily Wilkins reports on the fight for control of the House Financial Services Committee.

Persons: Emily Wilkins Organizations: Financial, Financial Services

☆ Kohl's vows 'aggressive action' to reverse sliding sales following a 'frankly disappointing' quarter
▼ + stars: | 2024-11-27 | by ( Maria Noyen | ) www.businessinsider.com time to read: +3 min

Apparel and footwear sales struggled despite strong performances for Sephora and other categories. Growth in revenue from beauty sales at Sephora was one of the few rays of hope. Kohl's continues to fight an uphill battle after sales tumbled following missed opportunities, a decline in footfall, and an overreliance on its partnership with Sephora. "We are not satisfied with our performance and are taking aggressive action to reverse the sales declines," he said. Earlier this week Kohl's said Kingsbury would step down on January 15 after two years in the role.

Persons: Kohl's, Tom Kingsbury, Kingsbury, Ashley Buchanan, Kinsbury, Lexie Moreland, Claudia D'Arpizio, Bain, D'Arpizio Organizations: Sephora, WWD, Penske Media, Getty Locations: Sephora, footfall

☆ A dietitian explains the power of a 5-minute walk after a big meal
▼ + stars: | 2024-11-27 | by ( ) www.businessinsider.com time to read: +2 min

AdvertisementGoing for a quick walk after eating really can help improve digestion and energy, a dietitian says. Walking helps to control blood sugar levels and circulates nutrients. Keeping to a healthy routine can make you more likely to maintain other healthy habits, too. Taking a short stroll after a meal can help you avoid the post-feast slump and set you up for a healthy habits during the holidays, according to a dietitian. Walking after you eat can help increase energy, improve digestion, and control blood sugar levels, said Nicholas Fischer, registered dietitian for MedStar Health.

Persons: Nicholas Fischer, Fischer, There's Organizations: MedStar Health, Research

☆ Fed’s preferred inflation gauge rises to 2.3% annually, meeting expectations
▼ + stars: | 2024-11-27 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

The personal consumption expenditures price index, a broad measure that the Fed prefers as its inflation gauge, increased 0.2% on the month and showed a 12-month inflation rate of 2.3%. Both were in line with the Dow Jones consensus forecast, though the annual rate was higher than the 2.1% level in September. The annual rate was 0.1 percentage point above the prior month. Odds of a quarter percentage point reduction in the central bank's key borrowing rate were at 66% Wednesday morning, according to the CME Group's FedWatch measure. The release follows consecutive rate cuts by the Fed in September and November totaling three quarters of a percentage point.

Persons: Dow, Stocks Organizations: Federal, Commerce Department, Dow Jones, Nasdaq, Treasury, Fed, Labor

☆ What’s open and closed on Thanksgiving Day 2024
▼ + stars: | 2024-11-27 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +2 min

Editor’s Note: Get a street-side view of the biggest Thanksgiving Day parades around the country. Watch ‘Thanksgiving in America’ on CNN and CNN Max on Thursday, November 28 at 8 a.m. New York CNN —Many Americans spend Thanksgiving with their loved ones over a home-cooked meal. Postal servicesDon’t expect any packages on Thanksgiving Day. Limited UPS stores will be open.

Persons: CNN Max, Brian Cornell, Nordstrom, Kohl’s, Tom Thumb Organizations: CNN, America ’, New, New York CNN, Turkey, Walmart, Albertsons Companies – Safeway, Albertsons, ACME, Aldi, Costco, Nasdaq, New York Stock Exchange, US Postal Service, UPS, FedEx, Limited Locations: New York, Chicago, Houston, America

Learn moreCoach's high-quality leather bags have all the style and craftsmanship you'd expect from a luxury designer bag with more accessible and down-to-earth pricing. Now, during Coach's Black Friday sale, you can score major discounts up to 50% off on many of the brand's classic and trendy designs. Whether you're on the hunt for a logo top-handle bag or leather loafers, the brand's Black Friday deals have something for everyone. Where to find the best Black Friday Coach dealsShopping for more discounts today? Check out our roundup of all of the best Black Friday deals

Organizations: Business

☆ California man who went missing for 25 years found after sister sees his picture in the news
▼ + stars: | 2024-11-27 | by ( Karina Tsui | Amanda Musa | ) edition.cnn.com time to read: +3 min

CNN —It’s a Thanksgiving miracle for one California family after a man who went missing in 1999 was found 25 years later when his sister saw a photo of him in an online article, authorities said. Not even his vehicle was ever located,” the man’s sister said in the GoFundMe post. The USA Today article, published in May, was a request for the public to help identify a nonverbal man who was hospitalized in Lynwood, California. The man had been found in South Los Angeles on April 15, according to medical officials cited in the article. The deputy then reached out for help from the Los Angeles Police Department’s missing person unit, which was able to fingerprint the hospitalized man and positively identify him as the same person who went missing in 1999, according to the release.

Persons: CNN — It’s, Derek Kennemore, Doyle, Kennemore, Los Angeles Police Department’s, Tommy, ” Organizations: CNN, Lassen County Sheriff’s Department, Los Angeles Police, Cal Alliance Locations: California, Los Angeles, Lassen County, Lynwood , California, South Los Angeles, Reno , Nevada

☆ Dell's AI business is booming, but shares plunged after it cut its revenue outlook
▼ + stars: | 2024-11-27 | by ( Polly Thompson | ) www.businessinsider.com time to read: +2 min

Revenues jumped 34% in Dell's ISG division, which includes the company's AI operations. But a lower-than-expected fourth quarter outlook drove Dell's shares down 12% in premarket trading. The biggest success story came from Dell's Infrastructure Solutions Group, which includes sales of AI servers, storage, and other network capabilities. Despite Dell's strong positioning in AI-related technologies, the company's shares were down as much as 12% in premarket trading after its final quarter revenue outlook fell below Wall Street expectations. Dell shipped $2.9 billion in AI servers during the quarter, and the company said that customers had booked $3.6 billion of future AI server orders.

Persons: Dell, Dell's, Jeff Clarke, Elon Musk's Organizations: Dell's Infrastructure Solutions Group, Analysts, CSG, Nvidia, Elon Locations: Dell's ISG, Texas

If the IRS has questions about your tax returns or wants to perform an audit, you'll probably be asked to produce your tax records. But of course, it is absolutely not recommended that you skip tax filing or intentionally commit fraud on your tax return. Employment tax recordsBusinesses should keep employment tax records, or payroll records, for at least four years after the last completed tax filing. Tips for organizing and storing recordsThe IRS clearly outlines the guidelines around how long you should keep your tax records. When you're ready to get rid of financial documents or tax records, shredding is the best method.

Persons: you've, Tom Taulli, filers, you'll, Matthew Jenkins, Tanza, Morgan, Read Organizations: Internal Revenue Service, IRS, CFA, CFP, Noble, Finance, Morgan Stanley Wealth Management, Fidelity, BI, Elon University Locations: TheStreet

Ana LuisaAna Luisa is a team favorite and our top pick for the best place to buy affordable fine jewelry. Studs Baroque Pearl Huggie $22.40 $32.00 Save 30% A freshwater pearl adds a touch of romance to your classic huggie. View at StudsOak and LunaThe jewelry pieces we choose to wear say a lot about who we are, but personalized jewelry takes that up a notch further. Oak and Luna is our go-to for personal jewelry pieces, as they have a huge variety of totally customizable pieces. Ring Concierge Movement Cloud Ring $278.60 $398.00 Save 30% This solid gold ring adds intrigue with its dynamic, flowing design.

Persons: Ana Luisa Ana Luisa, They're, Ana Luisa, Ana Luisa's, you'll, Mejuri Mejuri, Luna, it's, you've, that’s, Diamond Organizations: Business, Studs, Luna Black

☆ John Lennon’s letter to Eric Clapton, asking him to form new supergroup, goes up for sale
▼ + stars: | 2024-11-27 | by ( Lianne Kolirin | ) edition.cnn.com time to read: +4 min

CNN —A handwritten letter that John Lennon wrote to Eric Clapton inviting him to be part of a new supergroup is to be offered at auction next month. John Lennon wrote the draft of this eight-page letter to Eric Clapton. The letter hints that Lennon was aware of Clapton’s delicate situation and felt some sympathy with him. International Autograph Auctions Europe, SLHe said he was not pressuring Clapton, but hope that he would seriously consider the idea. Sadly, John Lennon died December 8, 1980 and was never able to see through this idea.”Earlier this year, Christie’s auctioned a host of Boyd’s personal effects, including an anonymous love letter that Clapton sent her in 1970.

Persons: John Lennon, Eric Clapton, Lennon, Clapton, Klaus Voormann, Jim Keltner, Nicky Hopkins, Phil Spector, Yoko Ono, ” Lennon, Yoko, Lennon’s, George Harrison, Pattie Boyd, Harrison’s, —, Cynthia Powell, Ono, ´, Eric —, ”, John, We’re, Christie’s Organizations: CNN, Beatles, SL, Clapton Locations: Bangladesh, Clapton, Russia, China

For the past year, comparing short-term CD rates vs. long-term CD rates showed that short-term CDs had better rates overall. Even the best long-term CD rates were starting to dip under the 4% mark, going into the 3.90% APY range. For example, Synchrony Bank's best CD rate is the Synchrony 9 Month CD, which offers 4.05% APY. Long-term CD rates are still lower than short-term CD rates overall. If the risk of incurring early withdrawal penalties in a long-term CD is too much, you can open a CD ladder with a long-term CD in it to mitigate that risk.

Persons: Synchrony, we're, Jerome Powell, Donald Trump, Kit Pulliam, They’ve, Kit Organizations: Federal Reserve, America First Credit, Credit Union, Dow Credit Union, Federal, Pulliam, Business, Tax, MSN, Vanderbilt University Locations: America

☆ CNBC Daily Open: The markets are living in Trump’s world for now
▼ + stars: | 2024-11-27 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Brandon Bell | Getty Images News | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. What you need to know todayThe bottom lineEven before Trump enters the White House, investors are already living in his world. Upon Trump's election win, the so-called "Trump trade" has flourished, with risk assets in general on an upward trajectory. Posturing or not, it's likely Trump's proposed policies will sway the markets in the foreseeable future.

Persons: Donald Trump, Brandon Bell, Trump, Scott Bessent, Goldman Sachs's, Jan Hatzius, Gregory Daco, Jamie Cox, —, Sarah Min, Alex Harring, Samantha Subin Organizations: GM STLA, SpaceX, Getty, CNBC, House, Trump, Mexico —, UBS, GM, Ford, Dow Jones, Nasdaq, Harris Financial Locations: Brownsville , Texas, Mexico, Canada, EY, U.S

☆ Supreme Court’s transgender care fight creates conservative ‘reckoning’ over parental rights
▼ + stars: | 2024-11-27 | by ( John Fritze | ) edition.cnn.com time to read: +7 min

But the Supreme Court’s upcoming and potentially explosive transgender care case is dividing conservatives, with many of those same groups backing Tennessee’s ban on puberty blockers and hormone treatments, which critics say injects the state into family medical decisions and overrides parental rights. Tennessee, and many conservatives who support the state’s position, argues parental rights aren’t a factor in the case. Conservative groups have lined up in federal courts to make nearly identical parental rights arguments in other cases. That separate lawsuit specifically asked whether the state law violates the “fundamental right of parents” to make decisions about the medical care of their children. In allowing the Tennessee ban to take effect last year, a divided 6th US Circuit Court of Appeals brushed aside the parental rights arguments.

Persons: ’, Biden, ’ ”, Barbara Comstock, ”, Donald Trump, craziness ”, Nancy Mace, “ dooms ”, Tennessee –, “, Alex Lundry, Mitt Romney’s, Sen, John McCain, Brian Burgess, Goodwin Procter, Steven Calabresi, William Eskridge, ” Eskridge, It’s, ” Melissa Moschella, “ It’s, ” Moschella, Mike DeWine Organizations: CNN, Conservative, Virginia Rep, Trump Republican, South Carolina Rep, Capitol, Supreme, GOP, Republicans, Republican Party, Republican, Republican National Committee, Northwestern University . Yale, University of Notre Dame, Federalist Society, ”, ” Ohio Gov, Ohio’s Republican Locations: Tennessee, . Tennessee, Wisconsin, Iowa , Kentucky, Missouri, ”, America, ” Ohio

☆ CNBC Daily Open: A new day, a new Trump policy for markets to digest
▼ + stars: | 2024-11-27 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Persons: STLA, Donald Trump, Sen, Ted Cruz, Brandon Bell, Trump, Scott Bessent, Goldman Sachs's, Jan Hatzius, Gregory Daco, Jamie Cox, —, Sarah Min, Alex Harring, Samantha Subin Organizations: SpaceX, Getty, CNBC, House, Trump, Mexico —, UBS, GM, Ford, Dow Jones, Nasdaq, Harris Financial Locations: Brownsville , Texas, Mexico, Canada, EY, U.S

☆ Nuuk International Airport opens: Traveling to Greenland is about to get easier
▼ + stars: | 2024-11-27 | by ( Anne Cliford | ) edition.cnn.com time to read: +3 min

That’s thanks to a new international airport, equipped with a 2,200-meter (7,217-foot) runway, opening in the capital of Nuuk. Before the new airport’s opening, traveling by air to Greenland meant flying into smaller cities such as Kangerlussuaq to the north or Narsarsuaq, further south. The new airport will serve as the base for Air Greenland, which will operate an Airbus A330neo plane on a route to Copenhagen, Denmark. Jens Lauridsen, chief executive of Greenland Airports, knows the opening of the new facility at Nuuk will have a big effect on tourism and the economy. She plans on being on the first flight that lands at the new Nuuk International Airport.

Persons: Jens Lauridsen, We’re, Oscar Scott Carl, Qupanuk Olsen, ”, “, Anne Nivíka Grødem, ” Grødem Organizations: CNN, United Airlines, Air Greenland, Airbus, Greenland, YouTube, Nuuk International, “ Locations: Greenland, Nuuk, Newark , New Jersey, It’s, Air, Copenhagen, Denmark, Reykjavik, Iceland, Ilulissat, Qaqortoq

☆ This charitable giving strategy 'almost always' provides the biggest tax break, advisor says
▼ + stars: | 2024-11-27 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +2 min

The strategy "almost always has the highest tax advantage," compared to other giving options, said certified financial planner Sandi Weaver, owner of Weaver Financial in Mission, Kansas. QCD tax break is 'better than a deduction'When filing taxes, you must claim the standard deduction or your total itemized deductions, including charitable gifts, whichever is greater. That means most filers don't claim the charitable deduction. Higher AGI can trigger income-related monthly adjustment amounts, or IRMAA, for Medicare Part B and Part D premiums, Weaver explained. There's a two-year lookback, meaning 2024 premiums are based on MAGI from your 2022 tax return.

Persons: Sandi Weaver, Juan Ros, Weaver, There's Organizations: Weaver, Secure, Financial Management, Medicare Locations: Mission , Kansas, Thousand Oaks , California

☆ 'ACDC,' 'T2K,' and the Middle East: Leaked documents reveal Amazon's top cloud growth initiatives
▼ + stars: | 2024-11-27 | by ( Eugene Kim | ) www.businessinsider.com time to read: +6 min

AdvertisementInternal AWS documents obtained by BI lay out the cloud giant's growth priorities next year. Amazon Web Services recently laid out new growth initiatives that include a focus on healthcare, business applications, generative AI, and the Middle East region, according to internal documents obtained by Business Insider. These are part of the AWS sales team's priorities for next year and Amazon refers to them internally as "AGIs," short for "AWS growth initiatives," one of the internal documents shows. That was slower than Microsoft's and Google's cloud business, on a percentage basis. Generative AI Innovation CenterLast year, AWS launched a $100 million program called Generative AI Innovation Center, which connects customers with AWS's AI scientists and experts to help launch generative AI solutions.

Persons: Greg Pearson, AWS's, Patrick Neighorn, Matt Garman Frederic J . BROWN Organizations: BI, Microsoft, Google, Amazon Web Services, Business, AWS, Synergy Research, Amazon, Services, Getty, Data Centers, Forbes, Adobe, Gulf Cooperation Council, Center, Accenture, Tata Consultancy Locations: East, AFP, Saudi Arabia, Bahrain, UAE, Israel, Kuwait, Oman, Qatar

☆ TikTok's obsession with matcha has created a reported shortage of the tea in Japan
▼ + stars: | 2024-11-27 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +4 min

TikTok's obsession with matcha has appeared to create a shortage of the tea in Japan. TikTok's most popular tea brands appear to be hit hard. Kanaike's shop announced limits on online matcha purchases because of the shortage, she told the outlet earlier this month. Marukyu Koyamaen and TikTok did not immediately return requests for comment from Business Insider about the reported matcha shortage. One TikTok video shows a sign at a Japanese matcha shop that says the shop sold too much in the summer months and "ran out of raw materials."

Persons: matcha, Megumi Kanaike, Kanaike's, Marukyu, Zach Mangan, TikTok, Kithumini Organizations: Matcha, Guardian, Sydney Morning Herald, Business Locations: Japan, Sydney, Kyoto, Brooklyn, Tokyo

☆ What Robert F. Kennedy’s confirmation as HHS secretary could mean for global health
▼ + stars: | 2024-11-27 | by ( Brenda Goodman | ) edition.cnn.com time to read: +13 min

CNN —President-elect Donald Trump’s choice of Robert F. Kennedy Jr. to lead the US Department of Health and Human Services sent a shudder through the global health community. The US is the world’s largest funder of global health programs, according to the nonprofit health policy and research group KFF. Global health is really strategic investment,” del Rio added, saying he hoped Kennedy would find a way to maintain those investments. About half of the nation’s global health budget is spent on HIV/AIDS prevention and treatment, according to KFF. Worldwide, measles cases rose 20% from 2022 to 2023, according to the latest report from the World Health Organization.

Persons: Donald Trump’s, Robert F, Kennedy Jr, Kennedy, hasn’t, ”, Richard Carmona, George W, Bush, “, ” Carmona, Carlos del Rio, thimerosal, Joe Rogan, “ There’s, Kathleen Sebelius, Barack Obama, Peter Hotez, Trump, — Hotez, Rachel, Hotez, ” Hotez, Anthony Fauci ”, Fauci, Mary Holland, –, It’s, ” Sebelius, Sebelius, doesn’t, Lawrence Gostin, Peter Kotlar, Robert Fico, ” Kennedy, Kennedy’s, Gostin, ” Gostin, Dr, Sanjay Gupta, ” Holland, can’t Organizations: CNN, US Department of Health, Human Services, HHS, US Centers for Disease Control, National Institutes of Health, Emory University, ”, Health Defense, US Food, CDC, Baylor College of Medicine, NIH, NBC News, Children’s Health Defense, World Health Organization, United States, US State Department, WHO, Georgetown University, Slovak, covid, Get CNN, CNN Health, Trump, pandemics Locations: Rio, United States, India, Africa, United, Geneva

☆ 'Moana 2' has a dramatic ending with a big twist. Here's what it means for the future of the franchise.
▼ + stars: | 2024-11-27 | by ( Jason Guerrasio | ) www.businessinsider.com time to read: +3 min

It has big implications for the future of the franchise, including a possible "Moana 3." "Moana 2" follows the titular hero on another adventure at sea, and it concludes with a thrilling ending. And, of course, there's the demigod Maui (Dwayne Johnson), who, by the end of the movie, teams up with Moana. Still under the thumb of Nalo, the mid-credit scene teases that Matangi will be helping Nalo as the god sets out to take on Moana. The scene also teases the return of Tamatoa, the enormous singing crab from the first "Moana" movie.

Persons: Nalo, Loto, Moni, Kele, Maui, Dwayne Johnson, It's, Moana, Motufetu, Disney hasn't Organizations: Disney Locations: Motufetu, Moana, Maui

☆ On Thanksgiving 30 years ago, I gave up turkey and haven’t looked back
▼ + stars: | 2024-11-27 | by ( David Allan | Essay David G. Allan | ) edition.cnn.com time to read: +6 min

CNN —At a Thanksgiving gathering three decades ago, I went cold turkey on eating meat. “To quote George Bernard Shaw,” I announced, “‘Animals are my friends, and I don’t eat my friends.’”No one else made a toast. And over the past three decades, vegetarian options on restaurant menus have grown alongside my palate. The world is getting more culinarily progressiveBefore I got married, my in-laws thought I was a little odd for not eating meat. “I eat very little meat,” I’ve heard thousands of times after I say I’m vegetarian.

Persons: I’m, George Bernard Shaw, ”, ’, nonvegetarians, vegans, fruitarians, hasn’t, ” I’ve Organizations: CNN Locations: Mongolia, Maryland

☆ Reddit targets international users for ad growth, teases bolstered search feature
▼ + stars: | 2024-11-27 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

In a wide-ranging interview, Jen Wong, chief operating officer of Reddit, said other platforms have 80% to 90% of users outside of the U.S. while about half of her company's current users are based internationally. "The opportunity, the way I think about it, is every language is an opportunity for another Reddit." India opportunityAmong the company's fastest-growing markets in terms of users is the U.K., the Philippines, India and Brazil. Advertising opportunityGrowth in markets like India can propel Reddit to boost ad revenue, its main source of income. This has not yet happened in many markets, but Reddit is keeping an eye on many of its fastest growing countries, Wong said.

Persons: Jakub Porzycki, Jen Wong, Reddit, Wong Organizations: Nurphoto, Getty, CNBC Locations: U.S, India, Brazil, Philippines

☆ Pakistan’s Capital Is Turned Upside Down by Unending Protests
▼ + stars: | 2024-11-27 | by ( Zia Ur-Rehman | ) www.nytimes.com time to read: 1 min

Another anti-government protest had come and gone in Pakistan’s once peaceful capital, and Saira Bano was ready to get her city back. For four days, Islamabad had been a tense battleground after supporters of a jailed former prime minister, Imran Khan, marched into the city. The capital, home to 2.4 million people, became a “container city” as the authorities stacked more than 700 shipping containers to block key routes and maintain order. Schools and shops closed, internet service was cut, and roads teemed with thousands of police officers scrutinizing passers-by. “This is not the Islamabad I grew up in,” said Ms. Bano, a schoolteacher who had to cancel her classes for three consecutive days.

Persons: Saira Bano, Imran Khan, ”, Bano Locations: Pakistan’s, Islamabad

In college, Shaan Patel used $3,000 in extra scholarship money to start a business that now earns $150,000 per year in passive income. He used $3,000 in extra scholarship money to invest in the earliest stage of his company, Prep Expert, a digital SAT and ACT prep course company. We can learn three things from Patel about starting a business that earns $150,000 annually in passive income. His first class took place in the summertime, between school semesters, and included 18 high school students eager to raise their scores. Patel used that money to hire more employees who could create digital courses and provide real-time tutoring for high school kids who needed help in other subjects.

Persons: Shaan Patel, Patel, Mark Cuban, —, you'll, weren't, doesn't Organizations: SAT, ACT, Service, Ivy League, Prep, Business, Tank, Cuban Locations: Las Vegas

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