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☆ How we're thinking about Eli Lilly after Trump picked obesity-drug critic RFK Jr. to run HHS
▼ + stars: | 2024-11-15 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +7 min

Shares of obesity drugmaker Eli Lilly fell more than 4% on Friday, extending a roughly 3% slide in Thursday's session. Ozempic is the posterchild of the fast-growing GLP-1 class, in which Novo Nordisk and Eli Lilly are currently the two dominant players. Bottom line Eli Lilly has been our favorite drug stock for years thanks to its stellar pipeline led by GLP-1s. But, at this point, Kennedy's nomination requires us to be more cautious on Eli Lilly in the near term. Eli Lilly and Company, Pharmaceutical company headquarters in Alcobendas, Madrid, Spain.

Persons: Eli Lilly, Donald Trump, Robert F, Kennedy Jr, Kentucky Sen, Rand Paul, Kennedy, Trump, Eli Lilly's, John F, Kennedy —, LLY, Eli Lilly's GLP, Jim Cramer, David Ricks, Lilly, It's, Jim, it's, Jim Cramer's, Cristina Arias Organizations: Republican, Department of Health, Human Services, HHS, and Drug Administration, Centers for Disease Control, Medicare, Medicaid, Senate, Democratic, GOP, Media, Novo Nordisk, Moderna, Pfizer, Deutsche Bank, GSK, White, CDC, Street Journal, GLP, Big Pharma, FDA, tirzepatide, CNBC, Company, Pharmaceutical Locations: Washington, Kentucky, Danish, U.S, Alcobendas, Madrid, Spain

☆ Elon Musk's DOGE is looking for people to help cut government spending. But is he offering a real job? And is it paid?
▼ + stars: | 2024-11-15 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +3 min

DOGE hasn't answered questions about pay, or whether you need an X account to apply. AdvertisementMusk didn't respond to an email from BI, and the DOGE account didn't respond to a direct message. Representatives for Vivek Ramaswamy, who incoming President Trump tapped to co-lead DOGE alongside Musk, also didn't respond to a request for comment. DOGE's post on X asks prospective applicants to send their resumes via direct message to its X account. Still, a job seeker would need to have an X account — even if just a free one — to send a direct message to DOGE.

Persons: Musk, hasn't, Elon Musk, —, didn't, Brian Hughes, Trump, Vivek Ramaswamy Organizations: Elon Musk's Department, Government, Department of Government, Trump, — Department, DMs, BI

☆ Trump plan to 'end all taxes' on overtime pay would benefit millions of Americans, but it's going to be uphill battle
▼ + stars: | 2024-11-15 | by ( Cheryl Winokur Munk | ) www.cnbc.com time to read: +6 min

Details on the proposal are scant and some Democrats have called the overtime tax promise "as fake as his tan." "As part of our additional tax cuts, we will end all taxes on overtime," he said at a rally in Tucson, Arizona. Among these, 82.1 million were hourly workers and 15.6 million were salaried workers, the report said. Meanwhile, about 7% of hourly workers and 70% of salaried workers do not qualify for FLSA, the report said. For example, would it be designed as just an income tax or would it be a payroll tax exemption as well?

Persons: Donald Trump, Trump, Karoline Leavitt, Vance, There's, Russ Fulcher, Joseph Rosenberg, FLSA, John Ricco, Alex Muresianu, Muresianu, Rosenberg Organizations: Cobb Energy Performing Arts Centre, Republican, President, Trump, Fair Labor, Brookings Tax, Department of Labor, FLSA, Yale, Lab, Tax Foundation, Social Security Locations: Atlanta , Georgia, U.S, Tucson , Arizona, Idaho, Alabama, Wisconsin, DOL

☆ Deloitte, EY, KPMG, and PwC make up the Big 4 — here's how they compare
▼ + stars: | 2024-11-15 | by ( Polly Thompson | ) www.businessinsider.com time to read: +8 min

The Big Four — EY, Deloitte, KPMG, and PwC — are the world's largest accounting and consulting firms. AdvertisementDeloitte, EY, KPMG, and PwC are the world's largest accounting and consulting firms, known as the Big Four. The Big Four offer companies services such as workforce transformations, reshaping corporate finance portfolios, assurance, valuation, and optimizing the use of technology. AdvertisementThough not as stark a slowdown as Deloitte or EY, growth at PwC still dropped noticeably compared to the 9.9% rise reported for the previous 12 months. In February 2024, it unveiled a tax AI assistant for 2,300 PwC tax professionals in the UK to use.

Persons: PwC, —, Antonia Wade, EY, Ernst & Young, Janet Truncale, Carmine Di Sibio, Jack Taylor, Joe Ucuzoglu, Jim Spellman, Price Waterhouse, Mohamed Kande, Bill Thomas, Liam McBurney Organizations: Deloitte, KPMG, Service, EY, Ernst, Getty, Revenue, Assurance, PwC, Deloitte Deloitte, Deloitte Global, Equity, Nvidia, Google, AWS, Coopers, Street Journal, Big Locations: London, PwC, Asia, Pacific, Amsterdam

☆ Georgia's Fulton County Jail violates rights of detainees with violence and filth, feds say
▼ + stars: | 2024-11-14 | by ( Marlene Lenthang | Marlene Lenthang Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +8 min

The department on Thursday announced its findings from a civil rights investigation that had opened in July 2023 into conditions of Fulton County Jail in Georgia. Fulton County and the Fulton County Sheriff’s Office did not immediately respond to NBC News' request for comment Thursday. Fulton County Jail: Home to stabbings, assaults, pests and a lack of careThe lengthy report presented a staggering portrait of violence and death at the Fulton County Jail. The report found that Fulton County Jail failed to protect detainees from the risk of harm from violence and sexual violence. Further, Fulton County Jail deputies and detention officers use force against incarcerated people without adequate justification, including deploying Tasers without reasonable cause, the document said.

Persons: Lashawn Thompson, It’s, Lashawn Thompson Thompson, WXIA, Thompson, Thompson’s, Thursday's, General Merrick Garland, ”, Kristen Clarke Organizations: Sheriff’s, NBC, Georgia Tech, Office, Justice Department’s Civil Rights, Justice, U.S, Justice Department Locations: Georgia’s Fulton County, Fulton County Jail, Georgia, Fulton, Fulton County, Atlanta

“President Trump is going to hit the Justice Department with a blowtorch, and Matt Gaetz is that torch,” Steve Bannon, Trump’s former White House strategist, told NBC News. Sen. Lisa Murkowski, R-Alaska, said she didn't think Gaetz was "a serious nomination for the attorney general." From bitter experience, Trump knows that he needs an attorney general he can trust implicitly, and it might be worth the political capital to battle for Gaetz's confirmation. Little happened in Trump’s first term that angered him as much as Attorney General Jeff Sessions’ decision to recuse himself and appoint a special counsel to investigate whether there were links between his 2016 campaign and Russia. In Gaetz, Trump would get an attorney general who has said Trump won the election that year, as well as an iconoclast who shares his willingness to upset the status quo.

Persons: Donald Trump, Trump, Matt Gaetz, Steve Bannon, Trump’s, Pete Hegseth, Tulsi Gabbard, Tom Homan, Kristi Noem, Mount Rushmore, James Mattis, Mattis, John Kelly, Kelly, who'd, Hegseth, Donald J, ”, Max Stier, Gaetz, Kamala Harris, Sen, Lisa Murkowski, Kevin Cramer, Jeff Sessions, I’m, ” Trump, Robert Mueller, William Barr Organizations: WASHINGTON, Justice Department, Defense, Justice, White, Department, White House, NBC News, Fox News, Democrat, Trump, South Dakota Gov, National Guard, Partnership for Public Service, Senate, Republicans, FBI, CDC, ATF, DOJ, NBC, Washington Locations: Afghanistan, Iraq, Alaska, Russia

☆ At Tesla, some are celebrating stock gains — others worry Elon will lose focus
▼ + stars: | 2024-11-14 | by ( Grace Kay | ) www.businessinsider.com time to read: +5 min

Tesla employees are contending with a CEO whose list of commitments grows by the day. Most celebrated the company's surging stock price — it's up nearly 33% year to date — as Tesla stock makes up a significant share of most workers' compensation. Musk's growing list of commitmentsIn the runup to the election, Tesla CEO Elon Musk threw his money and influence behind Donald Trump. 🇺🇸🇺🇸🇺🇸 — Ashok Elluswamy (@aelluswamy) November 6, 2024Kimbal Musk, Elon Musk's brother and a Tesla board member, also appeared to celebrate the win. "On one hand, you want to celebrate the fact that the stock is up an insane amount," the employee said.

Persons: Elon Musk, Donald Trump, Vivek Ramaswamy, Musk, Trump's, Postelection, hasn't, Ashok Elluswamy, Elon, Don ’, cris, ric cars. At, vic Organizations: Elon, Tesla, Trump, PAC, America PAC, Department of Government, Palm, House Republicans, icl Locations: California, Texas, Palm Beach , Florida, Trump's, Mar, Palm Beach, Washington, DC, Palm

☆ Disney dodges the Trump question
▼ + stars: | 2024-11-14 | by ( Peter Kafka | ) www.businessinsider.com time to read: +4 min

Last week, Warner Bros. "In a way, we've already consolidated," he said on the company's earnings call Thursday morning, in response to a question about M&A possibilities during Trump 2.0. Disney, like other media companies that have news organizations, has already drawn Trump's ire, during the 2024 campaign. During that fight, conservatives harped on the company, calling it too "woke," while liberals — including some Disney employees — felt the company wasn't forceful enough in standing up for diversity. AdvertisementIt's no surprise, then, that Iger didn't say the word "Trump" once during his call.

Persons: Bob Iger, Iger, he's, —, Trump, we've, Rupert Murdoch's Fox, David Zaslav, Zaslav, John Malone, Malone, it's, JD Vance, Matt Gaetz, Murdoch's, Kamala Harris, He's, Paramount's, Ron DeSantis, harped Organizations: Warner Bros, Discovery, Service, Trump, Disney, Comcast, Big Tech, of Justice, Time Warner, Murdoch's Disney, ABC, Paramount's CBS, Gov Locations: Hulu, Disney's, Florida

☆ Rachael Ray, 56, has no kids and says her dog brings her a 'ray of light'
▼ + stars: | 2024-11-14 | by ( Amanda Goh | ) www.businessinsider.com time to read: +3 min

AdvertisementRachael Ray says she doesn't regret not having kids even though she was "bashed for it" over the years. Rachael Ray, 56, doesn't regret her decision to not have kids. Instead of having kids, both Ray and Harper said they preferred raising dogs. "They never talk back, they always want to hug you," Ray said, adding that pets bring her "a ray of light." During a 2009 interview on ABC's "Nightline," as reported by The Wall Street Journal, Ray said she doesn't feel like she's missing out just because she doesn't have kids.

Persons: Rachael Ray, doesn't, Bob Harper, Harper, Ray, Isaboo, John Cusimano, Bella, Cynthia McFadden, aren't Organizations: Wall Street, Pew, Business Locations: China

☆ Why Trump is trying to outrage Washington with his controversial Cabinet picks
▼ + stars: | 2024-11-14 | by ( Stephen Collinson | ) edition.cnn.com time to read: +10 min

CNN —Donald Trump’s increasingly provocative Cabinet picks have left some Republican senators aghast and Washington in shock. The dismay engulfing establishment elites contrasted with the euphoria rocketing through conservative networks and social media among Trump fans. News that Hegseth had been picked to lead the Pentagon rocked Washington the night before the Gaetz pick and sparked similar questions about Trump’s motives. And she was accused of “parroting” false propaganda from America’s premier espionage adversary, Russia, by no less than Utah GOP Sen. Mitt Romney. Not all Trump’s picks are contentious.

Persons: Donald Trump’s, aghast, Florida Republican Matt Gaetz —, Justice Department —, Tulsi Gabbard, Trump’s MAGA, Pete Hegseth, Geraldo Rivera, Gaetz —, Trump, ‘, Anthony Scaramucci, CNN’s Jake Tapper, Pennsylvania Democratic Sen, John Fetterman, CNN’s Manu Raju, “, —, Gaetz, Elie Honig, Hegseth, Gabbard, ”, Bashar al, Assad, Utah GOP Sen, Mitt Romney, Florida Sen, Marco Rubio, Rubio, Alaska Sen, Lisa Murkowski, Maine Sen, Susan Collins, Iowa Republican Sen, Joni Ernst, South Dakota Sen, John Thune, Thune, Matt Gaetz, Alabama Sen, Tommy Tuberville, Republicans — you’re, ” Tuberville, acquiesce Organizations: CNN, Florida Republican, Justice Department, Democratic, Fox News, Trump, Senate, Pennsylvania Democratic, Gaetz, FBI, CNN International ., Pentagon, Fox, Defense Department, Utah GOP, GOP, Republican Trump, Iowa Republican, South Dakota, Republican, Republicans, Pennsylvania Senate, Treasury, Health, Human Services, Republican Senate Locations: Washington, Florida, Pennsylvania, Russia, America, Iraq, Afghanistan, Hawaii, Utah, China, Alaska, South, Alabama

☆ CSX CEO talks tariffs and manufacturing: 'As long as the economy’s growing, we’ll be a part of it'
▼ + stars: | 2024-11-14 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CSX CEO Joe Hinrichs discussed what a change in tariffs and manufacturing might mean for the railroad line in a Thursday interview with CNBC's Jim Cramer, explaining why he thinks his company is well-positioned. "From our standpoint, actually, as long as it's coming to the U.S., we're going to move it somewhere," Hinrichs said. "If tariffs change the trade portfolio — as long as the economy's growing, we'll be a part of it." President-elect Donald Trump is expected to raise tariffs substantially when he takes office, which could change trade patterns, especially with China. Hinrichs also suggested that an increase in domestic manufacturing would be positive for CSX, something that could be bolstered by the Trump administration's tariff policies.

Persons: Joe Hinrichs, CNBC's Jim Cramer, Hinrichs, Donald Trump, it's Organizations: CSX, Trump Locations: U.S, East Coast, China, West Coast, Chicago, Memphis, America

☆ India’s central bank chief warns growing risk of global inflation returning
▼ + stars: | 2024-11-14 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

Shaktikanta Das, governor of the Reserve Bank of India (RBI), during an event at the Peterson Institute of Economics (PIIE) during the annual meetings of the International Monetary Fund (IMF) and World Bank in Washington, DC, US, on Friday, Oct. 25, 2024. Central banks have managed to engineer a soft landing through a period of "continual and unprecedented shocks," but there is still a risk of global inflation returning and of economic growth slowing down, according to India's central bank chief. Speaking Thursday in Mumbai, India, at CNBC-TV18's Global Leadership Summit, Reserve Bank of India (RBI) Governor Shaktikanta Das said monetary policy from global central banks had largely "performed well" in recent years despite conflicts, geopolitical tensions and higher volatility. "A soft landing has been ensured but risks of inflation — as I speak to you here today — risks of inflation coming back and growth slowing down do remain," Das said. Das pointed to several contradictions in global markets to underline his view, including the appreciation of the U.S. dollar, even as the Federal Reserve is cutting interest rates.

Persons: Shaktikanta Das, Das Organizations: Reserve Bank of India, Peterson Institute of Economics, International Monetary Fund, Bank, CNBC, Leadership, U.S ., Federal Reserve, U.S Locations: Washington , DC, Central, Mumbai, India, London

☆ Wall Street bonuses are expected to boom for the first time since 2021
▼ + stars: | 2024-11-14 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +4 min

See who stands to take home the biggest checks, according to the comp consultant Johnson Associates. It predicted that some financial-services professionals could see year-end bonus increases of as much as 35% over last year. Here's a look inside three slides from the Johnson Associates report that illustrate key findings. Johnson Associates' 2024 year-end incentives reportDebt underwriters stand to see the biggest bonus bumps this year — up to 35% over 2023, Johnson Associates' founder, Alan Johnson, told Business Insider. Johnson Associates' 2024 year-end incentives reportOverall, the numbers are good compared with the past couple of years, and OK in the grander scheme of things, he said.

Persons: Johnson, —, Goldman Sachs, Alan Johnson, it's Organizations: Service, Johnson Associates, Goldman, Blackstone, underwriters, Equity, Investment, Federal

☆ What is the Alien Enemies Act of 1798 that Trump says he will invoke
▼ + stars: | 2024-11-14 | by ( Catherine E. Shoichet | ) edition.cnn.com time to read: +13 min

“I think a very strong argument could be made that in those situations, the Alien Enemies Act can be employed,” he says. French nationals were the original target lawmakers had in mind when they passed the Alien Enemies Act. Buyenlarge/Archive Photos/Getty ImagesWhen has the Alien Enemies Act been used before? The Alien Enemies Act does allow individuals to bring lawsuits challenging their detention, Reisz says. Some Democratic lawmakers have tried to repeal the Alien Enemies Act in recent years.

Persons: Donald Trump, John Adams, ” Trump, “, Trump, John Moore, ”, haven’t, Woodrow Wilson, Katherine Yon Ebright, Brennan, Ebright, ” Ebright, Rebecca Noble, Jean Lantz Reisz, isn’t, ” Reisz, …, ” George Fishman, Fishman, couldn’t, ” Fishman, Mae Ngai, Brennan Center’s Ebright, Ngai, —, ” Ngai, Franklin Delano Roosevelt, it’s, ‘, ’ ” Ebright, Reisz, you’re, Frederic J . Brown, Biden, He’s, ” Sen, Mazie Hirono Organizations: CNN, ”, Republican Party, New York University, Border Patrol, University of Southern California’s Gould School of Law, Department of Homeland Security, Center for Immigration Studies, Columbia University, German, Department of Justice, National Archives, Customs, Getty, Trump, Democratic Locations: France, United States, Mexico, Springs , California, New Mexico, “, Prescott Valley , Arizona, Fort Douglas , Utah, AFP, China, Hawaii

☆ Actress Sydney Sweeney slams ‘fake’ female empowerment in Hollywood
▼ + stars: | 2024-11-14 | by ( Jack Guy | ) edition.cnn.com time to read: +2 min

CNN —Hollywood star Sydney Sweeney has hit out at what she calls “fake” pronouncements on female empowerment in the entertainment industry. “This entire industry, all people say is ‘women empowering other women.’ None of it’s happening. “I’ve read that our entire lives, we were raised — and it’s a generational problem — to believe only one woman can be at the top. There’s one woman who can get the man. There’s one woman who can be, I don’t know, anything,” said Sweeney.

Persons: Sydney Sweeney, “, Sweeney, Carol Baum, ” Sweeney, ”, “ I’ve, ’ I’m, I’m, Christy Martin, she’s, Martin — Organizations: CNN, Hollywood Locations: Hollywood

Judith Joseph described the current violence and political turmoil in Haiti — a place she calls home — as heartbreaking and devastating. “For me, it’s very emotional.”“The gangs, the gangs, my God,” she said. Haitian National Police officers patrol the area near Toussaint Louverture International Airport in Port-au-Prince, Haiti, on Aug. 12, 2024. Clarens Siffroy / AFP via Getty Images fileA JetBlue flight to New York and an American Airlines flight returning to Miami were also shot on the same day. The flights were shot at on the same day Haiti swore in a new prime minister, adding to the country’s political turmoil.

Persons: Judith Joseph, —, ” Joseph, ”, Prince, Clarens Siffroy, that’s, “, Jacques Balynce’s, ” Balynce Organizations: FAA, Spirit Airlines, Haitian National Police, Getty, JetBlue, American Airlines, Angels, Humanity, U.S . State Department Locations: Haiti, Port, Fort Lauderdale, Fla, Toussaint, Prince, AFP, New York, Miami, Cap, U.S, Dominican Republic

☆ Morgan Stanley fund manager picks 3 stocks to buy following Trump's win
▼ + stars: | 2024-11-13 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

Aaron Dunn, portfolio manager at Morgan Stanley's U.S. Value Fund , noted the "great deal of volatility" in markets following the election result, as markets reprice "what had been a 50/50 election." Speaking to CNBC's "Squawk Box Asia" on Tuesday, Dunn, who's also co-head of value equity at Morgan Stanley, identified three stocks he is betting on following the election result. It's a diversified play in this, [that] you're getting it for just above the market multiple, with a solid runway of growth," Dunn added. According to FactSet data, of 30 analysts covering the stock, 26 give it a buy or overweight rating. He added that the company should increase its long-term growth rate guidance, given the growth in AI data centers.

Persons: Donald Trump's, Aaron Dunn, Dunn, who's, Morgan Stanley, you've, —, Trump, They're Organizations: Morgan, Value, Biden Administration, Trump, U.S ., MAA, NextEra Energy Locations: Morgan Stanley's, U.S

☆ Forget LA and BK: The rural places where young Americans are moving
▼ + stars: | 2024-11-13 | by ( Noah Sheidlower | Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

Younger Americans are moving to rural areas, reshaping demographics and economies. Census data shows a shift from cities to rural areas for people ages 25 to 44 since 2020. Instead, they're heading to rural areas. AdvertisementLombard said there's been a surge of young people moving to South Carolina, North Carolina, and Tennessee, oftentimes for work. Even with many companies pushing for mandatory return-to-office policies, younger Americans continued moving to rural communities in 2023 at an accelerated pace.

Persons: —, Z, Hamilton Lombard, Lombard, there's, it's Organizations: Service, University of Virginia, Colorado Rockies, Brooklyn —, Power, nsheidlower Locations: Rural, Los Angeles, Kings County, Brooklyn, South Carolina, North Carolina, Tennessee, Flint , Michigan, Oak, Huntsville, Atlanta, Georgia

☆ The Latin Grammys will turn 25 in Miami. Here's who is up for a trophy.
▼ + stars: | 2024-11-12 | by ( Kaitlyn Schwanemann | Kaitlyn Schwanemann Is An Intern For Nbc News. | ) www.nbcnews.com time to read: +1 min

Some of the biggest stars in Latin music will gather Thursday for the 25th anniversary of the Grammys in Miami — a hub of Latin American culture and the headquarters of the Latin Recording Academy. There are some new additions to this year’s Latin Grammys, too: best Latin electronic music performance and best contemporary Mexican music album will be featured as categories for the first time ever. “As we approach the 25th edition of the Latin GRAMMYs, our Awards Process is more robust than ever, with our membership evaluating over 23,000 entries this year,” Latin Recording Academy CEO Manuel Abud said. “The Latin GRAMMYs have grown in an amazing way to become a fundamental platform for music and culture. The Latin Grammys will take place at Miami's Kaseya Center at 8 p.m.

Persons: Édgar Barrera —, Karol G, Bunny, Kali Uchis, Juan Luis Guerra, Kany, Carin Leon, Camilo, Carín, Una Vida Pasada, Manuel Abud Organizations: Latin Recording, Recording, Univision Locations: Miami —, Seville, Spain, Feid

☆ 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

☆ Americans are investing in ‘hurricane-resistant’ homes
▼ + stars: | 2024-11-12 | by ( Oscar Holland | ) edition.cnn.com time to read: +11 min

Although primarily interested in the homes' hurricane-resistant properties, Tener said he was also drawn to their panoramic views. A Deltec house on the hurricane-prone Tampa Bay in St Petersburg, Florida. But Linton believes only one of the approximately 3,000 Deltec homes built after the mid-1990s has ever suffered structural damage — during Hurricane Irma in 2017. Deltec says it also sells homes in areas not known for hurricanes, like this one on Lake Superior in Michigan. Courtesy Deltec“That 99.9% survival rate… looks at what we think of as the modern era, when we began focusing on designing these homes for hurricanes.

Persons: Gene Tener, Tener, Debby, Helene, “, ” Tener, Tammy, Gene Tener's, Jeff Hall, Michael, Steve Linton, ” Linton, Jeff Hall “, ”, Linton, ” Deltec’s, Deltec, —, Harvey, Hurricane Dorian, Hurricane Irma, Hurricane Hugo, Andrew Organizations: CNN, Washington Post Locations: , Florida, Crystal River , Florida, Crystal, Asheville , North Carolina, Tampa, St Petersburg , Florida, East Coasts, Florida , Louisiana , Texas, Mississippi, Rockport , Texas, prefabs, Bahamas, Florida, Hurricane, Superior, Michigan

☆ Jim Cramer explains why the promise of tax cuts could have sent stocks lower on Tuesday
▼ + stars: | 2024-11-12 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer examined Tuesday's market action, saying the rally fueled by the victory of President-elect Donald Trump took a breather as Wall Street weighs what broad tax cuts could mean for the bond market. Cramer called the day's moves a "sobering reaction to the potential unfunded tax cuts from the bond market," as both the 10-year and 2-year Treasury yields surged more than 4%. The bond market and the stock market usually have a negative correlation, with investors coming in and out of each depending on yields. Trump campaigned on the promise of tax cuts across a wide swath of sectors. Many on Wall Street expect these cuts will come in aggregate, but remain unsure of the specifics, Cramer noted.

Persons: CNBC's Jim Cramer, Donald Trump, Cramer, Trump, Elon Musk Organizations: Dow Jones, Nasdaq Locations: U.S

☆ The winners of Wall Street bonus season this year: the underwriters
▼ + stars: | 2024-11-12 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +4 min

It predicted that some financial services professionals could see year-end bonus increases of as much as 35% over last year. AdvertisementThe financial professionals poised to rake in the most, meanwhile, are not the usual "rainmakers" of Wall Street, but rather a more behind-the-scenes group: the underwriters. Here's a look inside three slides that illustrate key findings from the Johnson Associates report. Debt underwriters stand to see the biggest bonus bumps this year — up to 35% over 2023, Johnson Associates founder Alan Johnson told BI. AdvertisementJohnson sees bonuses for asset management professionals increasing anywhere from 7% to 12% and bumps of 5% to 15% for hedge fund employees.

Persons: Johnson, —, Goldman Sachs, Alan Johnson, it's Organizations: Service, Johnson Associates, Goldman, Blackstone, underwriters, Debt, Equity, Investment, Federal

☆ China's big air show opened with a glitzy aerial display of its fighters, but crowds couldn't see much in the smog
▼ + stars: | 2024-11-12 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

China's hyped air show kicked off with performances from its aerobatics team on Tuesday. But the grand display was dampened by smog filling the skies over Zhuhai, Guangdong. AdvertisementChina's biggest air exhibition opened on Tuesday to smoggy skies obscuring an intricate aerobatics performance meant to display the country's aircraft to the world. In its first official public appearance, the J-35A flew briefly at the opening in Zhuhai, climbing into the hazy sky. The smoggy opening also comes as China has sought to shed the reputation of its cities as being wracked by air pollution.

Persons: —, Sp0wzC4wWm —, Lockheed Martin's, COMAC Organizations: Service, Liberation Army Air Force, Sp0wzC4wWm — Reuters, Red Falcon, Lockheed, Boeing, University of Chicago, WHO Locations: Zhuhai, Guangdong, China

☆ 2024 was yet another 'change' election: From the Politics Desk
▼ + stars: | 2024-11-11 | by ( The Politics Desk | ) www.nbcnews.com time to read: +9 min

Welcome to the online version of From the Politics Desk, an evening newsletter that brings you the NBC News Politics team’s latest reporting and analysis from the campaign trail, the White House and Capitol Hill. In today’s edition, senior political editor Mark Murray breaks down how 2024 was the sixth "change" election in a row as voter dissatisfaction with the direction of the country remains high. They culminated in the nation’s sixth straight “change” election, in which either the White House or at least one chamber of Congress switched party control. Trump won those “change” voters by 50 points, 74% to 24%. Read more →Trump’s win has sparked fresh concerns among his critics that he may enter office looking for retribution.

Persons: Mark Murray, MAGA, Donald Trump’s, ’, Barack Obama, Trump, Joe Biden, Trump’s, Kamala Harris, “, Sahil Kapur, Matt Dixon, Julie Tsirkin, Donald Trump’s “ MAGA ”, Mitch McConnell, John Thune of, Sen, John Cornyn of, Rick Scott of Florida, ” Scott, —, Scott —, Scott, leapfrog, hasn’t, ”, Read, Elise Stefanik, Lee Zeldin, Tom Homan, Stephen Miller, 🗞️, : the, lea Organizations: NBC, White House, Capitol, Republican, Senate, GOP, Republicans, White, Trump, Democratic, Voters, McConnell, NBC News, House Republican Conference, United Nations, Environmental Protection Agency, . Immigration, Customs Enforcement, rit, upr Locations: Kentucky, John Thune of South Dakota, John Cornyn of Texas, New York

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