DIRS.INFO The most relevant business & tech news

☆ Trump’s Cabinet picks could be complicated by GOP math in the House
▼ + stars: | 2024-11-12 | by ( Sarah Ferris | ) edition.cnn.com time to read: +4 min

CNN —Plenty of House Republicans are privately jockeying for President-elect Donald Trump’s Cabinet. “I have 10 colleagues who think they’re going to the Cabinet,” one House GOP lawmaker quipped, speaking on the condition of anonymity to discuss internal dynamics. But you’re not going to let three or four go.”Inside the House GOP, many lawmakers and senior aides have long assumed Stefanik would go to the Cabinet. She and Texas Rep. Ronny Jackson, Trump’s former physician, are considered to have some of the tightest relationships between Trump and the House GOP. And privately, Reps. Anna Paulina Luna and Cory Mills have also expressed interest, according to a Florida GOP source.

Persons: Donald Trump’s, There’s, Mike Johnson can’t, Elise Stefanik, Mike Waltz, Mike Rogers, Sam Graves —, won’t, Johnson, ”, Kelly Armstrong, “, Mike, that’d, we’ve, you’re, Ronny Jackson, George W, Bush, Trump, Matt Gaetz, Brian Mast, Byron Donalds, Carlos Gimenez, Greg Steube, Anna Paulina Luna, Cory Mills, Garret Graves, Matt Rosendale, Florida Sen, Marco Rubio, Bill Hagerty, Mike Lee of, Tom Cotton of, Eric Schmitt of Organizations: CNN, of, Republicans, Trump, Monday, New York, Florida, Armed, GOP, North, ”, Texas, Green Beret, Florida GOP, Transportation, Department of Veterans Affairs, Eric Schmitt of Missouri Locations: Washington, North Dakota, Afghanistan, East, Africa, Florida, Garret Graves of Louisiana, Matt Rosendale of Montana, Pennsylvania, Arizona, Sens, Tennessee, Mike Lee of Utah, Tom Cotton of Arkansas

☆ Family offices becoming 'economic powerhouse' in private company deals
▼ + stars: | 2024-11-12 | by ( Robert Frank | ) www.cnbc.com time to read: +2 min

Family offices are increasingly bypassing private equity funds and buying stakes in private companies directly, according to a new survey. Half of family offices plan to do "direct deals" — or invest in a private company without a private equity fund — over the next two years, according to a family office survey from Bastiat Partners and Kharis Capital. As they grow in size and sophistication, family offices are becoming more confident about finding and negotiating their own private equity deals. "Family offices are being gradually recognized as an economic powerhouse in private markets," according to the report. The big challenge for family offices as they do more direct deals is so-called "deal flow," or the volume of possible deals.

Persons: Robert Frank Organizations: Bastiat Partners, Kharis

☆ Biden just finalized a major climate rule. This one could be tricky for Trump to dismantle
▼ + stars: | 2024-11-12 | by ( Ella Nilsen | ) edition.cnn.com time to read: +2 min

The rule, proposed nearly a year ago, was mandated by the Inflation Reduction Act, which could make it more difficult for the second Trump administration to dismantle. The methane fee will be charged by the federal government until the companies fix the leaks. This fee was paired with financial incentives for oil and gas companies to fix leaky pipelines or infrastructure. The rule could prove tricky for the incoming Trump administration to overturn because the program was included in Biden’s climate law, which passed Congress in 2022. Undoing it would take another act of Congress; while not impossible if Republicans take the House of Representatives, it could be an uphill climb and take longer than if the Trump administration were acting on its own.

Persons: Biden, Trump, It’s, Michael Regan Organizations: CNN, Environmental Protection Agency, EPA

They’ve pressed forward even though a majority of Americans still see the Capitol rioters as responsible for an attack against democracy, according to the most recent polling. The most pressing concerns are for convicted rioters required to report to prison before Trump’s inauguration in January, and for rioters with sentencing hearings coming up, according to a source familiar with the discussions. “They’re thrilled with the election, but there’s a lot of uncertainty from their perspective,” the source told CNN. For convicted rioters already serving prison sentences, there’s even less hope to get them out based on Trump’s campaign rhetoric, the source said. She later told CNN that her strategy guide has already been sent to Trump and the Republican National Committee.

Persons: Trump, Micki Witthoeft, Ashli Babbitt, Donald Trump, They’ve, MAGA, “ We’re, hasn’t, ”, John Pierce, “, “ He’s, Jeffrey Crouch, insurrectionists, ‘, ” Zachary Alam, Joseph McBride, ” McBride, Savannah Huntington, Rachel Powell, Powell, she’s, “ They’re, they’re, Suzzanne Monk, Monk, ” Monk, Charlie Kirk, Glenn Beck, Kirk, It’s, can’t, Crouch, Jimmy Carter, Joe Biden, ” Crouch, Trump’s, Clinton, Bush, Tom Cotton, Markwayne Mullin, ” Marcus Childress, don’t, it’s, Aquilino Gonell, Biden, Kamala Harris, Harry Dunn, Sean R, Clark, Emily R, Condon Organizations: Washington CNN, Air Force, Capitol, GOP, “, Trump, American University, CNN, Trump –, DC, Defense, Justice Department, American Patriot Relief, American, J6, Republican National Committee, Glenn Beck Program, FBI, Trump Republicans, Former US Capitol Police, US Capitol Police Locations: Savannah, West Virginia, DC, pardoning, Vietnam

☆ Watch out: These tech stocks have heavy manufacturing exposure to China, Citi warns
▼ + stars: | 2024-11-12 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Tech companies that source a large part of their supplies from China could suffer under a second Trump term, according to Citi. Citi analyst Atif Malik shared a basket of stocks that have China manufacturing exposure and could therefore face ramifications going forward. While the company has a very high exposure to Chinese manufacturing, Malik said that Apple is currently making efforts to diversify its supply chain. "China is the main manufacturing location for Apple with more than 90% manufacturing in China, in our estimates," the analyst said. "Manufacturing is primarily conducted through contract manufacturers and original design manufacturers with manufacturing locations in China, Malaysia, Mexico, Taiwan, and Vietnam," he added.

Persons: Donald Trump, Trump, Mike Johnson, Atif Malik, Malik, Apple Organizations: Tech, Trump, Citi, Biden, Republican, Logitech, Apple, Juniper Networks, Western Digital Locations: China, India, Malaysia, Mexico, Taiwan, Vietnam, Corning

☆ Trump’s emerging team of loyalists is primed for a fast start in his second term
▼ + stars: | 2024-11-12 | by ( Stephen Collinson | ) edition.cnn.com time to read: +12 min

Miller was a powerful White House aide in Trump’s first term, authoring much of his most fiery scripted rhetoric as a speechwriter. Yet despite these draconian visions, there’s uncertainty about how far Trump will go in his deportation program and whether it matches his dystopian speeches. Many Democrats and Republicans could agree on Trump’s vow to start by deporting criminal undocumented migrants — the easiest part of his plan. Trump’s critics and vulnerable undocumented migrants, however, will find little in the president-elect’s new staff picks to offer them comfort. In every incoming presidential administration, staffing is important and provides ideological clues to how a White House will act.

Persons: Donald Trump, he’s, Elon Musk, Stephen Miller, he’d, Tom Homan, Trump, Marco Rubio, CNN’s Kaitlan Collins, Rubio, Donald J, ” Rubio’s, Elise Stefanik, Mike Waltz, ” Rubio, Lee Zeldin, Zeldin, ’, don’t, James Comey, Susie Wiles, Homan, Miller, George W, Waltz, Donald Rumsfeld, Robert Gates . Homan, Alyssa Farah Griffin, ” Griffin, CNN’s Erin Burnett, Trump’s, there’s, —, ”, ” Miller, Trump . Chad Wolf, ” Wolf, CNN’s Jake Tapper, Biden, Vladimir Putin, Volodymyr Zelensky’s Organizations: CNN, it’s, White, Fox News, Democratic, Republican, Republican National Convention, The New York Times, GOP, United Nations, New York, Florida, New York Rep, Environmental Protection Agency, FBI, Senate Foreign Relations, Intelligence, Harvard, Bush, Wing, Customs, Army, Trump White House, CBS, Trump, Conservative Political, Conference, Trump ., Hamas, Democratic Party, Biden Locations: Washington, Lago, Trump’s, Madison, Florida, America, China, Zeldin, Afghanistan, East, Africa, Ukraine, Gaza, Israel, Europe

☆ Netanyahu’s aggressive strategy brings political success and raft of scandal
▼ + stars: | 2024-11-12 | by ( Mick Krever | ) edition.cnn.com time to read: +8 min

Jerusalem CNN —Israeli Prime Minister Benjamin Netanyahu is on a winning streak. He fired his defense minister, Yoav Gallant, who long threatened his coalition and whose attempted dismissal last year led to massive protests. Donald Trump meets with Prime Minister Benjamin Netanyahu at Mar-a-Lago on July 26, in Palm Beach, Florida. The slate of accusations against the prime minister, he said, are “an opportunity” to brand himself as the victim of a witch hunt. Reports in Israeli media this week suggest that his office may be floating a trial balloon for dismissing Baharav Miara.

Persons: Benjamin Netanyahu, Yoav Gallant, Israel, Donald Trump, Netanyahu, “, ”, –, Alex Brandon, ” Netanyahu, Yedioth Ahronoth, Gallant, Yair Lapid, ” Yoav Gallant, Andrew Harnik, Trump, Nadav Shtrauchler, Minister’s, it’s Netanyahu, Hassan, Nasrallah, Israel –, Shin, Oded, Baharav Miara, Netanyahu’s, CNN’s Dana Karni, Jeremy Diamond Organizations: Jerusalem CNN, Israeli, Mar, –, Israel Security Agency, Ronen Locations: Jerusalem, Gaza, Israel, Lebanese, Qatar, Lago, Palm Beach , Florida, Arlington , Virginia, United States, Lebanon, Gali Baharav Miara, Tel Aviv

Representative Michael Waltz (R-FL) speaks on Day 3 of the Republican National Convention (RNC), at the Fiserv Forum in Milwaukee, Wisconsin, U.S., July 17, 2024. President-Elect Donald Trump has picked Rep. Mike Waltz, R-Fla., to serve as his national security adviser, according to four sources familiar with the decision. The role of White House national security adviser does not require Senate confirmation. Waltz joins New York Rep. Elise Stefanik as the second House Republican to be tapped by Trump for a post in his new administration. Trump selected Stefanik to serve as U.S. ambassador to the United Nations.

Persons: Michael Waltz, Donald Trump, Mike Waltz, Waltz, Vladimir Putin, Elise Stefanik, Trump Organizations: Republican National Convention, Green Beret, Armed Services, Foreign Affairs, Intelligence, Street Journal, NSA, China Task Force, Republicans, NPR, U.S ., White House, New York, Republican, Trump, United Nations Locations: Milwaukee , Wisconsin, U.S, Afghanistan, East, Africa, China, He's, Ukraine, Russia

☆ In Trump’s second term, czars will reign
▼ + stars: | 2024-11-12 | by ( Kayla Tausche | ) edition.cnn.com time to read: +5 min

CNN reported on Friday that Burgum was under consideration for a role as energy czar. “It’s sort of the conservative version of [the Biden administration’s senior climate advisor] John Podesta,” one of the sources said. Burgum had been in contention for a Cabinet-level position, like running the department of Interior or Energy, CNN previously reported. It also means those candidates – not burdened by a lengthy Senate confirmation process – can launch their work on day one. Alex Wong/Getty ImagesThe term “czar” has come to refer to a political appointee with a specific problem to solve.

Persons: –, Doug Burgum, Donald Trump’s, Burgum, John Podesta, ”, ’ ”, Alex Wong, Barack Obama, Joe Biden, czars, Trump, Trump’s, Elise Stefanik, Stephen Miller, Tom Homan, Homan, ’, ” Trump, Robert F, Kennedy Jr, Kennedy, you’re Organizations: CNN, Trump, North, Biden, Interior, Energy, North Dakota Gov, Republican National Convention, State, Treasury, Republican, United Nations, White, Customs, Department of Homeland Security, Former ICE, Border Control, Trump Administration, Aviation Security, Truth, “ Locations: North Dakota, Milwaukee , Wisconsin, Guantanamo, Trump

☆ Justin Welby: Archbishop of Canterbury resigns over handling of church child abuse case
▼ + stars: | 2024-11-12 | by ( Sana Noor Haq | Christopher Lamb | ) edition.cnn.com time to read: +3 min

CNN —Archbishop of Canterbury Justin Welby, the most senior leader in the Church of England, has resigned over his handling of a child abuse case, according to his official account. “Having sought the gracious permission of His Majesty The King, I have decided to resign as Archbishop of Canterbury,” Welby said in a statement on Tuesday. Pressure had been mounting on Welby in recent days, following an independent review into “sickening abuse” committed by John Smyth, a deceased British lawyer considered the worst serial abuser linked to the Church of England. The pair exchanged Christmas cards and Welby donated small sums of money to his “missions” in Zimbabwe. Until now, there’s been no historical precedent for an Archbishop of Canterbury resigning over child abuse.

Persons: Canterbury Justin Welby, “, of Canterbury, ” Welby, Welby, ”, John Smyth, Smyth, Justin Welby, Newcastle, Helen, Ann Hartley, George Carey, of Lincoln, there’s, Canterbury Organizations: CNN, of England, Makin Locations: British, England, Zimbabwe, South Africa, ”, “

☆ Lina Khan likely to be fired as FTC Chair under a Trump presidency
▼ + stars: | 2024-11-12 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

Representatives for Trump’s transition team and the FTC didn’t respond to requests for comment. Wall Street, which has been on a tear since Trump’s decisive victory last week, appears to be ready to turn the page on the Khan era. Similarly, the FTC has gone after Big Tech, Big Pharma and even Big Mattress in the name of keeping competition robust. To them, Khan and her DOJ partner in trustbusting, Jonathan Kanter, represent a threat to the bottom line. Since last week’s election, both Kroger and Albertsons shares have risen sharply as investors anticipate the deal would face little resistance under Trump’s FTC.

Persons: CNN Business ’, New York CNN — Lina Khan’s, Donald Trump, Khan, she’s, Lina Khan, Jennifer Rie, kowtow, Jonathan Kanter, Elon Musk, Trump, ” Barry Diller, “, ‘, Republican “ Khanservative, JD Vance, Gail Slater, Vance, ”, David Kostin, Goldman Sachs, Kostin, Donald Trump’s, Brian Gardner, ” Gardner, Susie Wiles Organizations: CNN Business, New York CNN, Federal Trade Commission, FTC, Republican, Bloomberg Intelligence, CNN, Justice, Albertsons, Big Tech, Big Pharma, IAC, Democratic, Bloomberg, Kroger, Trump’s FTC, Goldman Sachs ’, White, Trump, Federal Reserve Locations: New York, it’s, trustbusting, Washington

CNN —Donald Trump’s lawyers and the Manhattan district attorney’s office have agreed to delay activity in the hush money case until November 19 to give the president-elect’s lawyers time to make new arguments on how his election victory impacts the case. Judge Juan Merchan was expected to rule Tuesday on whether to overturn the business fraud conviction based on this summer’s Supreme Court ruling on presidential immunity. “The stay, and dismissal, are necessary to avoid unconstitutional impediments to President Trump’s ability to govern,” Bove wrote. The Supreme Court’s immunity decision also indefinitely tied up Trump’s federal election subversion case in Washington, DC. The jury should not have heard any testimony from Hope Hicks about events in 2018 when she was the White House Communications Director, Trump’s lawyers argued.

Persons: Donald Trump’s, Judge Juan Merchan, Matthew Colangelo, Emil Bove, “, Trump’s, ” Bove, Trump, Jack Smith, ”, Alvin Bragg’s, –, Hope Hicks, Madeleine Westerhout –, ’, Daniels, didn’t Organizations: CNN, US Supreme, Trump, Justice Department, Manhattan, ” Prosecutors, White, White House Communications Locations: Manhattan, Washington ,, “

☆ England’s first luxury sleeper train is a garden party on wheels
▼ + stars: | 2024-11-12 | by ( Maureen O'Hare | ) edition.cnn.com time to read: +5 min

London CNN —Britain, birthplace of rail transport, will get its first ever luxury sleeper train touring England and Wales next summer. The 18 cabins, including three grand suites and 15 suites, will be of an exquisite opulence not before seen on Britain’s rails. The unique charm of train travel compared to other luxury transport options, however, is the sociability. The Cornwall itinerary, in England’s southwest tip, takes in the rugged coastline of Penzance and the charming villages surrounding Lostwithiel. The Lake District, regarded by many as England’s finest natural wonder, is filled with dramatic peaks and serene bodies of water.

Persons: Ottavia, Palomba, lounging, Simon Rogan, ”, Rogan, Richard Trevithick Organizations: CNN, London CNN, Wales, Albion Nord, Rail Locations: London, Britain, England, Cornwall, Lake District, Wales, Belmond, British, Victorian, Britain’s, South Wales, England’s, Penzance, Lake, Snowdonia, Pembrokeshire

☆ Home Depot says shoplifting challenges aren't getting any easier
▼ + stars: | 2024-11-12 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +3 min

Home Depot said retail theft continues to be a challenge. However, the executive said investments to combat shoplifting and organized theft "are paying off." AdvertisementShoplifting and organized retail crime was a dominant story in retail last year. Home Depot has been both a prominent target and opponent of organized retail theft in recent years. AdvertisementLast year, a Florida pastor was charged with running a retail crime ring responsible for stealing $3 million worth of goods from the chain.

Persons: Richard McPhail, —, McPhail, Scott Glenn, Glenn, Dominick Organizations: Service, Home Depot, Watch, Home, Prosecutors, Depot, Business Locations: Florida

☆ Hedge funds performed better under Democratic presidents than Republican ones, history shows
▼ + stars: | 2024-11-12 | by ( Leslie Picker | ) www.cnbc.com time to read: +1 min

NYSEThere's been a rush of enthusiasm on Wall Street regarding Donald Trump's election win, but hedge funds actually generate more alpha when the White House is occupied by a Democrat president than a Republican one, according to HFR, collating data going back to 1991. But during Democratic administrations, the gap was about 183 basis points, with hedge funds delivering average, annualized returns of 10.16%, compared to 11.99% from the S&P 500. Zoom In Icon Arrows pointing outwards HFRWhen compared with the a bond index, HFR found that hedge funds under both parties outperformed – with stronger alpha when a Democrat was in the White House. Zoom In Icon Arrows pointing outwards HFRSurprisingly, the way that hedge fund participants donate in elections was a bit more tilted toward one party. Zoom In Icon Arrows pointing outwards Open Secrets

Persons: Donald Trump's, annualized, HFR Organizations: New York Stock Exchange, NYSE There's, Republican, Democratic, Democrat Locations: HFR

☆ Likely narrow GOP House majority could put Trump's tax cuts in jeopardy, says Raymond James
▼ + stars: | 2024-11-12 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +2 min

"In 2025, Trump's influence on Congressional Republicans will be stronger but his margin in the House will be in the single digits (down from 47 in 2017). … The narrow House majority will complicate the passage of any tax bill in 2025," he said. Mills said the GOP is expected to use the budget reconciliation process to pass any of President-elect Trump's tax proposals. That measure, known as the Tax Cuts and Jobs Act , ultimately passed and went into effect in 2018. Wolfe Research analyst Tobin Marcus also thinks passing a tax bill is a "complex challenge" with such narrow majorities across the House and the Senate.

Persons: Raymond James, Donald Trump, Ed Mills, Mills, Trump's, Tobin Marcus, Marcus Organizations: Democrats, NBC News, Republican Party, Congressional, GOP, Republicans, Act, IRA, Wolfe Research, Senate Locations: Washington

☆ A brief history of America's love affair with fluoridated water — and why it's now up for debate
▼ + stars: | 2024-11-12 | by ( Hilary Brueck | ) www.businessinsider.com time to read: +13 min

Nearly 63% of the US population has fluoridated water flowing through their taps, according to the Centers for Disease Control and Prevention (CDC). Hawaii is the only US state without any fluoride in municipal taps; fluoridated water is only available there on military bases. As such, fluoridated water is now mandated on any military base with more than 3,300 people. Rumors have circulated that drinking fluoridated water can lead to bone cancer (osteosarcoma), but long-term studies from both the UK and US haven't found any credible evidence of higher rates in areas where people drink fluoridated water. Their review concluded that some studies of fluoride consumption have found links between higher fluoride water levels and lower IQs in kids.

Persons: Trump, he'll, —, Robert F, Kennedy Jr, Donald Trump's, Biden, Kennedy, He's, Mark Ralston, Leonard Ortiz, Nina Simone, Michael Ochs, Matthias Balk, Anthony Kim, Frank Albert Charles Burke, Obama, Ashley Malin, Malin, Oliva Organizations: RFK Jr, Service, Centers for Disease Control, Prevention, Getty, MediaNews, Orange, NBC, Environmental Protection Agency, Michael Ochs Archives, US Public Health Service, Waimanalo Health Clinic, Honolulu Civil, Calgary, US Department of Defense, Fairfax Media, National Toxicology, University of Florida, Denver, EPA Locations: New York, California, Colorado, Zhijin county, China, AFP, Midwest, Colorado Springs , Colorado, Oakley , Idaho, Arkansas, Grand Rapids , Michigan, , New Mexico, Hawaii, Honolulu, Canada, Alberta, Australia, United States, India, Iran, Pakistan, Mexico, Grand Rapids

☆ Lucy at 50: How the world’s most famous fossil was discovered
▼ + stars: | 2024-11-12 | by ( Katie Hunt | ) edition.cnn.com time to read: +9 min

CNN —Lucy, a fossilized skeleton unearthed 50 years ago this month, transformed scientists’ understanding of human evolution. While there are now fossil hominins twice as old as Lucy, she remains a paleoanthropological rock star. Made up of 47 bones from the same individual, she was the oldest known and the most complete skeleton of an early human ancestor when she was found. The fossilized remains of Lucy, discovered on November 24, 1974, made up the most complete skeleton of an early human ancestor when she was found. They found DNA, but it wasn’t human, and it wasn’t Neanderthal.

Persons: CNN — Lucy, Don Johanson, Tom Gray, Lucy, Johanson, … I’d, Jack Daulton, Lucy ? Johanson, “ Lucy, ”, she’s, you’re, Stephen Filmer CNN, Donald Johanson, Mary Leakey’s Organizations: CNN, Institute of, Arizona State University, Arizona State University CNN, Jack Daulton CNN, Beatles, Sky, Arizona State University In Locations: Ethiopia, Afar, Africa, paleogenetics, Siberia, Hadar, Tanzania

☆ Trump's win is already scrambling supply chains
▼ + stars: | 2024-11-12 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +5 min

Donald Trump's election victory last week is already having an effect on global supply chains. While many firms are waiting to see what Trump's trade policies will be, some are moving ahead. From medical supplies to consumer products, several companies are getting an early start to changing their supply chains. Several companies, however, aren't waiting to make changes to their supply chains. Fortune Brands, which owns a portfolio of home products brands like Moen plumbing fixtures and Yale locks, has been rethinking its supply chain since Trump's tariffs in 2017.

Persons: Donald Trump's, —, Donald Trump, they've, Trump, TD Cowen, Oliver Chen, Matt Meeker, Michael Alkire, We've, Nick Fink, Clarus, Neil Fiske, Robert Scaringe, Schneider, Jim Filter Organizations: Service, Republican, Inc, Fortune Brands, Moen, Yale, Diamond Locations: China, Americas, Southeast Asia, Vietnam

☆ Anthony Scaramucci is worried about a stock-market crash not seen since the late 1920s if Trump follows through on some of his plans
▼ + stars: | 2024-11-12 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

AdvertisementUS stocks have been on a tear since Trump's win. "Let me tell you something: If Trump enacted 50% of what he's saying, you'll have a stock market crash, the likes that you haven't seen since the 1920s," Scaramucci said. You'll crush the economy; you'll crush our tax revenues; you'll flip upside down the job market," Scaramucci said. "They will not be ready for that, and so the stock market will have gotten wrong the current movement." "My guess is that the stock market aficionados, the stock market experts, are probably right," Scaramucci said.

Persons: SkyBridge Capital's Anthony Scaramucci, Trump, there's, Scaramucci, —, Anthony Scaramucci, it's, Bitcoin, Donald Trump's, didn't, David Bahnsen, he's, — Elon Musk, Elon, Tom Orlik, David Kelly, , Susie Wiles Organizations: Service, House, SkyBridge, Business, Nasdaq, Russell, Trump, Bloomberg Economics, JPMorgan Asset Management, Republican

☆ Trump's win may put this popular student loan forgiveness program at risk
▼ + stars: | 2024-11-12 | by ( Annie Nova | ) www.cnbc.com time to read: +1 min

10'000 Hours | Digitalvision | Getty ImagesCurrent borrowers should remain entitled to reliefWhile the program remains in effect, borrowers are entitled to the relief, said Betsy Mayotte, president of The Institute of Student Loan Advisors, a nonprofit. "PSLF is written into federal law, by a Republican president, and it would take an act of Congress to eliminate it." That means current borrowers would still be able to work toward loan forgiveness under the program. "So, worst-case scenario, it would be for loans made on or after the date of such a law enactment," Mayotte said. "Most likely the change would apply only to new borrowers," Kantrowitz said.

Persons: Betsy Mayotte, Mark Kantrowitz, Kantrowitz, Trump Organizations: Getty, The, Student Loan Advisors, Republican, Republicans, Senate, GOP, Finance, CNBC Locations: Mayotte

☆ Bonds grab the wheel — plus, more activist news and a profit warning tied to tariffs
▼ + stars: | 2024-11-12 | by ( Jeff Marks | ) www.cnbc.com time to read: +6 min

But it shows how the stock market begins to get a little skittish whenever bond yields surge like this. We've seen that dynamic rear its head from time to time during the rise in bond yields that began in September. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, It's, Elliott, ValueAct, Stanley Black, Decker, Trump, Donald Trump, CyberArk, Jim Cramer's, Jim Organizations: CNBC, ., Morning, Elliott Management, Honeywell, Meta, Management, Mizuho Securities, Club, Spotify, Occidental Petroleum, Skyworks, Jim Cramer's Charitable Locations: Meta, China

☆ European markets head for a lower open as traders await inflation data
▼ + stars: | 2024-11-12 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

European markets are heading for a lower open Tuesday, as investors assess what U.S. President-elect Donald Trump's return to the White House could mean for the region's economy amid worries about possible tariffs. The U.K.'s FTSE 100 index is expected to open 18 points lower at 8,054, Germany's DAX down 93 points at 19,355, France's CAC down 34 points at 7,392 and Italy's FTSE MIB down 157 points at 33,659, according to data from IG. Investors will scrutinize a fresh batch of economic data this week, including an inflation reading from Germany on Tuesday, and U.S. inflation and U.K. gross domestic product on Thursday. Infineon, Bayer, Vodafone and AstraZeneca will report earnings, while U.K. unemployment and European and German ZEW economic sentiment figures are also due today. Asia-Pacific markets mostly fell overnight with investors exercising caution even as US.

Persons: Donald Trump's, Germany's DAX Organizations: France's CAC, IG, Infineon, Bayer, Vodafone, AstraZeneca Locations: Germany, Asia, Pacific

☆ Larry Summers sounds the alarm bell on inflation — before Trump even takes office
▼ + stars: | 2024-11-12 | by ( Matt Egan | ) edition.cnn.com time to read: +3 min

Now, with many celebrating the apparent defeat of inflation, Summers is delivering another warning to Washington. Summers, the famed economist and former Treasury secretary, cautioned Tuesday that the inflation genie may not be back in the bottle. “My own judgement is that the Fed and markets are still underestimating the overheating risk,” Summers said during a conversation hosted by the New York Economic Club. “I am fearful that the Fed is going to be more like once burned, twice burned, rather than once burned, twice shy, on inflationary risks,” Summers said. “There is a very substantial risk that the president will attempt to implement what he talked about.

Persons: Larry Summers, Donald Trump, Summers, Trump, “, ” Summers, Clinton, Biden, Jerome Powell, Powell, ” Powell, Donald Trump’s, ” Trump, ” Organizations: New, New York CNN, White, Federal Reserve, New York Economic, Reserve, Harvard, Bureau of Labor Statistics Locations: New York, Washington

☆ South Korean president takes up golf again to prepare for Trump’s second term
▼ + stars: | 2024-11-12 | by ( Jessie Yeung | Yoonjung Seo | ) edition.cnn.com time to read: +4 min

Seoul, South Korea CNN —As countries around the globe prepare for a second Trump presidency, one world leader is teeing up a carefully calibrated diplomatic strategy. In South Korea, President Yoon Suk Yeol “recently began practicing golf again for the first time in eight years, in preparation for ‘golf diplomacy’ with President-elect Trump,” the presidential office told CNN on Tuesday. South Korean President Yoon Suk Yeol delivers a speech in Seongnam, South Korea, on October 1, 2024. Another potential headache for Yoon once Trump is in office is the future of the 28,500 US troops in South Korea. The troops serve as both a means to deter any potential attack from North Korea and to counter China’s aggression.

Persons: Yoon Suk, “, Trump, Yoon, Donald Trump, scrutinizing, Japan’s, Shinzo Abe, Kim Hong, Moon Jae, Kim Jong, ”, –, Kim Organizations: South Korea CNN, Trump, CNN, Reuters, South, North Locations: Seoul, South Korea, Trump, Florida , New Jersey, Virginia, Manhattan, Florida, Japan, Seongnam, Korea, North Korea, Russia, Pyongyang, Moscow, Ukraine

Search resuls for: "House"

25 mentions found