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☆ Private credit firms are hot acquisition targets. As M&A ramps up next year, here are the firms likely to be bought.
▼ + stars: | 2024-12-12 | by ( Michelle Abrego | Hayley Cuccinello | ) www.businessinsider.com time to read: +4 min

Private credit firms with $30 billion to $70 billion in assets will be the firms to watch. And it's not just the traditional money managers, private equity firms are also using acquisitions to strengthen their private credit capabilities and market presence. McGahan said private credit firms with between $30 billion and $70 billion in assets under management will be the ones to watch. If you're a private equity manager, you're paid with carried interest, or a percentage of profits generated from the firm's investments. He added there are also operational differences and gave the example of a private credit firm using treasury functions daily versus a private equity firm that uses a couple times a month.

Persons: Greg McGahan, PwC, McGahan, Martin Small, Larry Fink, Rob Kapito, Small, You've, you've Organizations: Business, BlackRock, HPS Investment Partners, Goldman Sachs Locations: New York

☆ Hundreds of student-loan borrowers who applied for debt cancellation are being denied relief by a major lender, over 20 Democratic lawmakers say
▼ + stars: | 2024-12-12 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

Sen. Elizabeth Warren led over 20 colleagues in requesting the CFPB and FTC investigate student-loan company Navient. A group of Democratic lawmakers said that a major student-loan company is denying some student-loan borrowers relief that they might qualify for. Instead, they can request a school misconduct application from Navient, and Navient would then decide whether to approve it. AdvertisementThe issue, the lawmakers wrote, is that Navient has denied relief for the majority of borrowers who applied. BI previously spoke to some borrowers who have attempted to navigate Navient's school misconduct application process.

Persons: Sen, Elizabeth Warren, Navient, it's, Alexandria Ocasio, Cortez, Ron Wyden, Warren, Nick Eucker Organizations: Democratic, Consumer Financial Protection Bureau, Federal Trade Commission, Navient, Business, BI Locations: Alexandria

☆ I moved from Idaho to Dubai with 3 teenagers. It was challenging as a single mom, but it was worth it.
▼ + stars: | 2024-12-12 | by ( Erin Liam | ) www.businessinsider.com time to read: +5 min

In May 2023, Jennifer Kusch relocated to Dubai for a job opportunity. Kusch moved from Idaho to Dubai with her kids in 2023. They also covered the flights and most of my kids' school fees. AdvertisementThis has all contributed to why they now love Dubai. At this point, however, I love Dubai and our quality of life here.

Persons: Jennifer Kusch, Kusch, Dr, Seuss, We're, Am, I'm, Dubai Organizations: Warner Bros Locations: Dubai, Idaho, Texas, Abu Dhabi

Analysts initially thought mortgage rates would drop below 6% in 2025. Investors are pricing in expectations of higher inflation under the Trump administration, which has pushed mortgage rates up. After the November presidential election, many analysts began updating their mortgage rate forecasts to reflect higher rate expectations in 2025. Revised 2025 mortgage rate forecastMany analysts were initially predicting that 30-year mortgage rates would fall below 6% in 2025. Bond yields rose in anticipation of this outcome as a Trump win became more likely, which in turn pushed mortgage rates higher.

Persons: Trump, Realtor.com, Danielle Hale, Fannie Mae's, Hale, Donald Trump, they're, Rob Cook, Cook, it's, doesn't Organizations: Business, Service, Realtor.com, Mortgage Bankers Association, Trump, Federal Reserve, Discover

☆ Overdraft fees crackdown: Biden administration sets new rules for banks
▼ + stars: | 2024-12-12 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —The Consumer Financial Protection Bureau has finalized a rule that curbs excessive overdraft fees charged to customers of large banks and credit unions, potentially saving consumers as much as $5 billion a year. The rule, unveiled Thursday, would cap overdraft fees at $5 — a substantial savings from the $35 that customers are typically charged. Additional options for banks would allow them to either cap fees at amounts that just cover their costs or to treat an overdraft like any other loan by disclosing terms like interest rates. “That is real relief for families.”Banking trade groups are against the new rule, saying that the agency’s proposed rule could backfire. Congress created the bureau in 2010 to protect consumers from financial scams.

Persons: ” Rohit Chopra, ”, Lael Brainard, Joe Biden’s, there’s, Trump Organizations: New, New York CNN, Consumer Financial, National Economic Council, Banking, Consumer Bankers Association, Court Locations: New York

☆ UnitedHealthCare CEO shooting: Attorney for suspect in health care CEO killing says he needs to see evidence to assess ‘truthfulness’ and ‘accuracy’
▼ + stars: | 2024-12-12 | by ( Karina Tsui | Steve Almasy | John Miller | ) edition.cnn.com time to read: +7 min

Uncovering evidence in writing“I haven’t seen any evidence that they have the right guy,” Dickey told CNN’s Kaitlan Collins on “The Source” earlier this week. In some of Mangione’s writings, he referenced pain from a back injury he got in July 2023, New York Police Chief of Detectives Joseph Kenny told Fox News on Tuesday. It’s lived experience.”“He’s irritated, agitated about what’s happening to him and what he’s being accused of,” Dickey told CNN, explaining Mangione’s outburst and struggle with the police. The 26-year-old was denied bail at an extradition hearing Tuesday afternoon at the Blair County Courthouse in Pennsylvania. Speaking to CNN, Dickey said Mangione would likely get a hearing on December 23.

Persons: Luigi Mangione’s, Brian Thompson, “, Thomas Dickey, “ Erin Burnett OutFront, ” Dickey’s, Jessica Tisch, Mangione, Tisch, It’s, ” Tisch, ”, ” Dickey, CNN’s Kaitlan Collins, Joseph Kenny, ” Kenny, Ted Kaczynski, UnitedHealthcare, Thompson, —, Kenny, ’ ”, Luigi Mangione, Jeff Swensen, “ It’s, ” “, …, Dickey, CNN’s Dalia Faheid, Michelle Watson, Bonney Kapp, Dakine Andone, Sara Smart, Gloria Pazmino, Amanda Musa, Celina Tebor, Elise Hammond, Emma Tucker, Jordan Valinsky, Danny Freeman, Kara Scannell Organizations: CNN, ”, New York Police Department, NYPD, Police, New York Police, Fox News Locations: Pennsylvania, Midtown Manhattan, Midtown, America, Blair, Hollidaysburg , Pennsylvania, New York, Altoona, Celina

☆ The market is overlooking a key risk ahead of 2025: 'Stubbornly sticky' inflation
▼ + stars: | 2024-12-12 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

Bond yields, which are correlated with inflation and interest rate expectations, leaped on the news. Following this print, the market believes an interest rate cut next week is almost guaranteed. Higher prices could complicate a strong setupMajor investment firms are almost universally bullish heading into 2025, and for good reason. "And while this print shouldn't force that reality to interrupt the holiday season, investors should be [wary] of impacts higher inflation might have on their portfolios and be prepared accordingly." The former often benefits from higher inflation since a jump in oil prices would pad its profits.

Persons: Lara Castleton, Janus Henderson, Steve Sosnick, Donald, Rick Rieder, Jim Baird, Plante, Baird, Gargi Chaudhuri, aren't, Ronald Temple, deglobalization, Rieder, Sinead Colton Grant, Trump, he's, Colton Grant, Janus Henderson's Castleton Organizations: Nasdaq, Janus, Janus Henderson Investors, Business, Interactive Brokers, Reserve, Financial, Americas, BlackRock, Trump, Lazard, Fed Locations: wilting, Castleton

☆ IPO investors are hopeful about 2025 after last major offering of this year prices on a high note
▼ + stars: | 2024-12-12 | by ( Bob Pisani | ) www.cnbc.com time to read: +6 min

The last major IPO of the year has priced on an up note , and IPO investors are hopeful it will mark the end of three painful years of sub-par IPO raises. IPOs in 2024: A few winners, but mostly forgettable For most investors, 2024 has been a great year. IPO investors, however, have less to cheer about. IPO YTD mountain Renaissance IPO ETF Of those that did go public in 2024, there were a small number of standouts. Winners included social media platform Reddit , AI and cloud infrastructure firm Astera Labs , cloud data management firm Rubrik , financial management software firm OneStream , and healthcare payments software firm Waystar .

Persons: Greg Martin, hasn't, Martin, Matt Kennedy, Del, Kennedy, Rainmaker's Martin Organizations: Nasdaq, Rainmaker Securities, CNBC, IPOs, Renaissance Capital, Tech, Astera Labs, UL, Ingram, SpaceX, Reddit, Epic Locations: landscapers, Del Monte

☆ A former Google designer reveals what goes into building its AI models like Gemini
▼ + stars: | 2024-12-12 | by ( Helen Li | ) www.businessinsider.com time to read: +11 min

AdvertisementBusiness Insider spoke with Kento Morita, a former Google Gemini conversation designer and Japanese-American actor and comedian. Morita previously worked on designing conversation flows for Amazon Alexa and Google Gemini, specifically focusing on building a Japanese persona for the AI. Even with Google Assistant and Amazon Alexa, when you ask it a factual question, it used to say immediately, according to Wikipedia, blah blah blah blah, or according to XYZ, blah blah blah blah. So that kind of distancing language allows us to take less responsibility for the information that's being presented. When Google Gemini and other AI are citing sources, it's still a predictive machine?

Persons: OpenAI's ChatGPT, Gemini, Kento Morita, Morita, Warren Buffett's, There's, It's, We've, that's, it's, shirk Organizations: Google, Gemini, Amazon Alexa, New York Times, Washington Post, Department of Justice, North, AP News, Reuters Locations: American

☆ Russia could soon launch a second strike with the experimental missile it says can't be intercepted: Pentagon
▼ + stars: | 2024-12-12 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

Russia may launch a second Oreshnik missile strike on Ukraine in the next few days, the Pentagon said. Moscow says the Oreshnik missile, first used in November, is impossible for US defenses to intercept. Moscow could launch a second strike on Ukraine with its experimental Oreshnik missile in the next few days, the Pentagon said on Wednesday. Advertisement"Putin has said publicly that Russia intends to launch another experimental Oreshnik missile," said Sabrina Singh, the deputy press secretary for the Pentagon, at a press briefing. Russia has used its new Oreshnik missile in Ukraine.

Persons: it's, Putin, Sabrina Singh, Singh, Vladimir Putin Organizations: Pentagon, Kremlin, Anadolu, Getty, Analysts Locations: Russia, Ukraine, Moscow, Europe, —, Dnipro —, Dnipro

☆ Who are the Alexander brothers, the luxury real estate agents charged with sex trafficking
▼ + stars: | 2024-12-12 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +3 min

Oren, Tal, and Alon Alexander were charged Wednesday with federal sex-trafficking crimes. The Alexander Brothers come from a wealthy Florida family. Oren and Tal are prominent luxury real estate agents. The Alexander brothers, Oren and Tal, among the top luxury real estate agents in the US, were hit with federal sex-trafficking charges on Wednesday along with a third brother, Alon. The Alexander brothers come from a wealthy Florida familyThe brothers, who grew up in Miami, are the sons of a wealthy real-estate developer in South Florida.

Persons: Oren, Tal, Alon Alexander, Alexander Brothers, Alon, Alexander brothers, Isabelle Kirshner, Deanna Paul, Susan Necheles, Katie Warren, Alexander, Douglas Elliman, Ken Griffin Organizations: Business, BI, New York Daily, Kent Security, Forbes, Citadel, New York, Vogue, FBI Locations: Florida, New York, Miami, South Florida, Manhattan, New

☆ Why Gordon Singer is more powerful than ever at his father's $70 billion firm
▼ + stars: | 2024-12-12 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +10 min

Yet Gordon Singer has more power than ever inside the firm. In 2009, Gordon Singer was named head of Elliott's London office. AdvertisementThese people said that before the restructuring, the Elliott London office could put trades on with the younger Singer's sign-off. Another former investor estimated that the London office had control of up to $7 billion in capital at its peak. Before Bhanji's departure, the most surprising exit was by Levine, a partner who has known Gordon Singer and his brother, Andrew, since they were kids.

Persons: Paul Singer's, Gordon, Singer, Gordon Singer, Elliott, Paul Singer, Nabeel, Jonathan Pollock, institutionalizes, Gordon Singer's, Pollock, Gordon Singer didn't, Jonathan Bush, George W, Bush, Elliott alums, James Bayliss, Mark Levine, Sebastien de La Riviere, Mark Wills, Levine, Andrew, Mark, he's, Gaurav Toshniwal, John Pike, Pike, Pat Frayne, there's, Paul, Giorgio Furlani Organizations: Lehman Brothers, Elliott, Bain, Employees, Europe's, Ken, Financial Times, Sargasso Partners, London, Oxford's Exeter College, Williams College, Italian soccer, AC Milan Locations: London, New York, Elliott London, Italy, Asia, Hong Kong, Tokyo, who's, Italian, Florida

☆ Donald Trump and Bernie Sanders Want to Save You Money on Credit Cards
▼ + stars: | 2024-12-12 | by ( Emily Stewart | ) www.businessinsider.com time to read: +15 min

Sky-high credit-card interest rates are not popular. "He said, you know what, credit-card interest rates, which in some cases right now are 20, 25%, should not be higher than 10%. The average credit-card interest rate for new card offers is 24.43%, according to LendingTree — up about 10 percentage points from a decade ago. "Obviously, the interest rates have to respond to changing market conditions, and we've definitely seen that happen. A rate cap isn't the only solution to America's ballooning credit-card-debt problem and just how expensive it is to carry debt.

Persons: everyone's, Donald Trump, Sen, Bernie Sanders, Trump, Sanders, Elizabeth Warren, Matt Schulz, LendingTree, we've, Julie Margetta Morgan, Margetta Morgan, Schulz, Chi Chi Wu, Elon Musk, Wu, Banks, it's, Natasha, Janet Yellen, Aaron Klein, Barack Obama, Klein, Alexandria Ocasio, Cortez, they're, Warren, Carter Dougherty, Emily Stewart Organizations: White, Business, Politico, American Bankers Association, LendingTree, Consumer Financial, Federal Reserve Bank of New, Trump, Chi, National Consumer Law Center, Yale, Washington, Brookings Institution, Department, Treasury, Consumer, Financial Reform, Republicans Locations: Federal Reserve Bank of New York, Alexandria, Washington

☆ Only 16% of holiday shoppers plan to spend more this season because of inflation, CNBC survey shows
▼ + stars: | 2024-12-12 | by ( Steve Liesman | ) www.cnbc.com time to read: +3 min

David Dee Delgado | Getty ImagesAmericans this holiday season say they are seeing a ghost of Christmas past: inflation. The CNBC All-America Economic Survey finds inflation is still haunting the buying public, leading to what's shaping up to be just an average season for retailers. In all, 46% of Americans say they have arrived at the holiday season with a some or a lot of debt and they also plan to spend less than most. A brief holiday shopping seasonAnother factor for shoppers to negotiate this season: Thanksgiving fell on Nov. 28, the latest date possible, meaning a shorter season. It may be that late shoppers could be waiting for bargains: The group tends to be not just men, but also lower income Americans who plan to spend less this holiday season than last.

Persons: David Dee Delgado, Republican pollsters, Jay Campbell Organizations: Herald, Getty, CNBC, America Economic Survey, America Economic, Hart Research, Republican, Democratic, Consumers Locations: New York City, procrastination

☆ Trump's pick to lead the FTC says he wants to battle Big Tech over free speech
▼ + stars: | 2024-12-12 | by ( Alice Tecotzky | ) www.businessinsider.com time to read: +4 min

Ferguson will likely be friendlier to mergers than the current chair, but keep targeting Big Tech. AdvertisementThe effort was apparently successful, as Trump announced on Tuesday evening that the 38-year-old lawyer will lead the FTC. Yet the current and future FTC leaders share a commitment to going after Big Tech, though come at the issue from different angles. "Andrew has a proven record of standing up to Big Tech censorship, and protecting Freedom of Speech in our Great Country," Trump said in a post on Truth Social announcing his selection. Ferguson thanked Trump with his own post on X, vowing to "end Big Tech's vendetta against competition and free speech."

Persons: Trump, Andrew Ferguson, Ferguson, He's, Donald Trump, Lina Khan's, Khan, Andrew, Mark Meador, Meador, Clarence Thomas, Mitch McConnell, Paring, he's, Kitty Hawk, Ferguson doesn't Organizations: Republican, Big Tech, Federal Trade Commission, Trump, Truth Social, FTC, University of Virginia, Supreme Court, Elon Musk's, Punchbowl, Vivek Ramaswamy's Department, Government, Federal Aviation Act, Amazon, Meta, Kroger, Albertsons, Truth

☆ Read the memo Calendly's CEO sent to employees announcing 70 job cuts
▼ + stars: | 2024-12-12 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +4 min

Calendly laid off around 70 employees in its engineering, customer experience, marketing, and billing teams. BI obtained a copy of CEO Tope Awotona's memo announcing the cuts to staff on Wednesday morning. Calendly previously laid off 60 employees in July 2023 and was valued at $3 billion in 2021. Scheduling platform Calendly laid off around 70 employees — about 13% of its workforce — on Wednesday. This is Awotona's memo sent to employees, shared with BI by two employees:Hi Team I am reaching out this morning to share some difficult news.

Persons: Calendly, Tope, Tope Awotona, Awotona, We've, we've, Jyoti Mann Organizations: Business, Big Tech, Google, Microsoft, Billing, People Team Locations: jyotimann

☆ Egg whites and Pilates: A day in the life of a CEO who runs a recruitment firm in LA with her daughters
▼ + stars: | 2024-12-12 | by ( Kimanzi Constable | ) www.businessinsider.com time to read: +5 min

Susan Levine, the CEO of Career Group Companies in LA, has a non-negotiable morning routine. This as-told-to essay is based on a conversation with Susan Levine, the CEO of Career Group Companies in Los Angeles. AdvertisementBefore founding Career Group Companies, a recruitment and advisory firm, in 1981, I worked for another staffing company for 10 months, where I was introduced to the recruiting world. I self-funded and started Career Group Companies when I was 24. AdvertisementCareer Group Companies has 225 full-time employees and thousands of freelancers, and we're still growing.

Persons: Susan Levine, It's, I've, they've, —, I'm Organizations: Group Locations: LA, Los Angeles, San Rafael, New York, Miami, East Coast, Pacific Palisades, Century City

☆ This is what 4 of Trump’s cabinet picks think of the agencies they would lead.
▼ + stars: | 2024-12-12 | by ( Linda Qiu | ) www.nytimes.com time to read: +12 min

This is what 4 of Trump’s cabinet picks think of the agencies they would lead. If confirmed, Ms. Gabbard would oversee more than a dozen spy agencies and have access to highly sensitive intelligence. by firing its top officials, closing its headquarters in Washington and going after Mr. Trump’s rivals. But that case is not particularly relevant to Mr. Trump’s, as a federal judge ruled that the audiotapes were personal records. The letter does not contain evidence that Ms. Bowser turned down Mr. Trump’s authorization of additional National Guard troops.

Persons: Pete Hegseth, Tulsi Gabbard, Robert F, Kennedy Jr, Kash Patel, Donald J, Trump, Hegseth, “, Biden, ”, who've, Gabbard, “ Tucker Carlson, Victoria Nuland, Nuland, Carlson mischaracterized Ms, Nuland’s, Ms, mischaracterizing, General Merrick B, Garland, ’, ” Ms, Kash Patel F.B.I, Mr, Patel, Shawn Ryan’s, Shawn Ryan, ” Mr, Ronald Reagan, Bill Clinton, Clinton, Trump’s, Nancy Pelosi, Steve Bannon’s, Stephen Bannon, Pelosi, Muriel Bowser, Bowser, Kennedy, Kennedy’s, PolitiFact Organizations: Fox News, Fox, Pentagon, Army, Democratic Party, Trump, Ukraine, Russia, YouTube, United Nations, State Department, Mr, Justice Department, Presidential, National Archives, Records Administration, House Republicans, Capitol, Capitol Police, D.C, National Guard, Kennedy Jr, Health, Democratic, Louisiana House, ”, Centers for Disease Control, Prevention Locations: Washington, Afghanistan, United States, China, ideologues, Hawaii, Ukraine, Trump’s Florida, Louisiana

☆ NFL Week 15 preview: a potential Super Bowl preview and the battle for Pennsylvania, five things to look out for
▼ + stars: | 2024-12-12 | by ( Andy Scholes | Ben Morse | ) edition.cnn.com time to read: +9 min

After this week, they get the New York Jets and then two divisional home games versus the Cardinals and Seattle Seahawks. The game of Week 15 is the Lions hosting the Bills, with Buffalo coming off that wild loss to the Rams. On the other hand, despite being 12-1 and favorites to win the Super Bowl, the Lions need to win this game. Bill Streicher/USA Today Sports via ReutersIf you live in Pennsylvania, the game of the week is not Lions vs. Bills, it’s the Eagles hosting the Pittsburgh Steelers. ETSundayDallas Cowboys vs. Carolina Panthers – 1 p.m.

Persons: Kyle Shanahan, “, It’s, hadn’t, ” Shanahan, haven’t, George Kittle, Ezra Shaw, don’t, botching, ’, Maema Njongmeta, Julio Cortez, McCarthy, Sam Hodde, Mike McCarthy, Jerry Jones, Bill Belichick, He’s, Allen, Katelyn Mulcahy, Josh Allen, Dan Campbell, ” Allen, “ He’s, it’s, ” Campbell, he’s, Lon Horwedel, Pennsylvania Barkley, Bill Streicher, Russell Wilson, Saquon Barkley, Barkley, Eric Dickerson’s, Cousins, Todd Rosenberg, Kirk Cousins, Michael Penix Jr Organizations: CNN, NFC, Los Angeles Rams, San Francisco 49ers, Rams, Buffalo Bills, Niners, Chicago Bears, Washington Commanders, Bears, Tampa, ” 49ers, Miami Dolphins, Detroit Lions, Arizona Cardinals, New York Jets, Cardinals, Seattle Seahawks, Seattle, Cowboys, Dallas Cowboys, Cincinnati Bengals, ‘ America’s, Panthers, Tampa Bay Buccaneers, Philadelphia Eagles, Lions, Buffalo, Green Bay Packers, USA, Sports, Reuters Buffalo, AFC East, Kansas City Chiefs, Bills, Eagles, Minnesota Vikings, Vikings, Pennsylvania, Reuters, Pittsburgh Steelers, Steelers, Philly, Las Vegas Raiders, Atlanta Falcons, Falcons, Atlanta, Raiders, Sunday Dallas Cowboys, . Carolina Panthers, Cleveland Browns, . Houston Texans –, Jacksonville Jaguars, Washington, New, New Orleans Saints –, Baltimore Ravens, . New York Giants, . Tennessee Titans, New England Patriots, . Arizona Cardinals, Indianapolis Colts, Denver Broncos, Los Angeles Chargers, Seattle Seahawks –, . Minnesota Vikings Locations: Washington, Francisco, Florida, Los Angeles, North Carolina, Detroit, Pennsylvania, Atlanta, New Orleans

☆ Tesla just lost one of its key autopilot execs to an Amazon-backed robotaxi rival
▼ + stars: | 2024-12-12 | by ( Tom Carter | ) www.businessinsider.com time to read: +2 min

Tesla's director of engineering for Autopilot has left the company for robotaxi rival Zoox. Elon Musk laid off over 10% of the company in April and is trying to pivot Tesla toward autonomous vehicles. AdvertisementZheng Gao, Tesla's director of engineering for Autopilot hardware and an eight-year veteran at the Elon Musk-run automaker is departing for rival robotaxi builder Zoox, the Amazon-backed company announced on Wednesday. Gao, who led hardware design for Tesla's Autopilot assisted-driving system, is the latest senior employee to leave the company. AdvertisementFour of CEO Elon Musk's direct reports previously announced their departures the week before Musk unveiled Tesla's Cybercab robotaxi in a glitzy Los Angeles event.

Persons: Zoox, Zheng Gao, Elon Musk, Gao, Elon Musk's, Musk, Marc Van Impe, Nagesh, Drew Baglino, Rebecca Tinucci, Tesla, Waymo Organizations: Tesla, Elon, Google, Amazon, Las Locations: Los Angeles, California, Texas, San Francisco, Las Vegas

☆ Deutsche Bank upgrades Coca-Cola & PepsiCo, says 2025 will be strong for nonalcoholic beverage stocks
▼ + stars: | 2024-12-12 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

Investors should increase exposure to companies in the nonalcoholic beverage space, according to Deutsche Bank. Analyst Steve Powers upgraded Coca-Cola , PepsiCo and Keurig Dr Pepper to buy from neutral. For instance, he sees Coca-Cola "winning market share trends globally" along with a positive turnaround in the company's free cash flow trends. For PepsiCo, he thinks the Frito-Lay North America business can improve as consumers get more used to higher prices. Analysts are generally bullish on Coca-Cola, with 17 of 26 covering it giving the beverage giant a buy or strong buy rating, per LSEG.

Persons: Steve Powers, Keurig Dr Pepper, Dr Pepper, Powers, subsectors Organizations: Deutsche Bank, Cola, PepsiCo, Keurig, Dow Jones, Lay Locations: America

☆ Here’s what could get significantly more expensive under Trump’s tariff plan
▼ + stars: | 2024-12-12 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

“The only certainty is that new tariffs will be costly for the United States,” the researchers concluded. More than half (56%) of shoes sold in the United States are made in China, the trade group said. China’s “dominant position” in toymaking would be difficult to replicate in a way that meets US product safety standards, the Peterson Institute research found. The United States relies on Mexico for 89% of its imported avocados and 91% of foreign-grown tomatoes, according to the US Department of Agriculture. On the campaign trail, Trump vowed to make prices plunge and stressed that his tariff plan would not reignite inflation.

Persons: Trump, Donald Trump’s, “, It’s, ” Karoline Leavitt, Vance, Steve Madden, Cole Haan, China’s, Julieta Contreras, Mary Lovely, Jing Yan, …, ” Trump Organizations: New, New York CNN, Peterson Institute for International Economics, CNN, Peterson, “, Footwear Distributors, Retailers of America, Nike, United, Peterson Institute, US Department of Agriculture, NBC, ” Locations: New York, China, United States, Canada, Mexico, toymaking, “, AutoZone, Columbia

☆ Netflix's 'The Kings of Tupelo' is about an Elvis impersonator framed for plotting to kill Barack Obama. Here's what happened to Paul Kevin Curtis.
▼ + stars: | 2024-12-12 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +3 min

Netflix's "The Kings of Tupelo" is about an Elvis impersonator called Paul Kevin Curtis. AdvertisementThe three-part docuseries follows Paul Kevin Curtis, an Elvis impersonator from Tupelo, Mississippi, who was accused of using the poison ricin to try to assassinate Barack Obama in 2013. But when the media ignored him, Curtis approached James Everett Dutschke, a Wayne Newton impersonator, who also lived in Tupelo. This led to a feud between the two men, and Dutschke framed Curtis for attempting to assassinate Obama. I am the first Elvis Presley impersonator ever framed in a presidential assassination plot and lived to tell the story."

Persons: Paul Kevin Curtis, ricin, Barack Obama, docuseries, Curtis, James Everett Dutschke, Wayne Newton, Dutschke, Obama, Roger Wicker, Lee, Sadie Holland, Tupelo Dutschke, Elvis Presley Organizations: Netflix, North Mississippi Medical Center, Mississippi Medical, GQ Locations: Tupelo, Tupelo , Mississippi, Tupelo .

☆ Pete Hegseth, Trump’s Defense pick, says allowing gay troops to serve openly reflects a Marxist agenda
▼ + stars: | 2024-12-12 | by ( Andrew Kaczynski | Em Steck | ) edition.cnn.com time to read: +10 min

CNN —Pete Hegseth, President-elect Donald Trump’s pick for secretary of defense, has repeatedly criticized policies allowing gay people to serve openly in the US military, calling them part of a “Marxist” agenda to prioritize social justice over combat readiness. “But because I naïvely believed that’s what ending Don’t Ask Don’t Tell was all about. “It started with Clinton under ‘don’t ask, don’t tell,’” he said. “So it started, you know, we saw it under Clinton with the tinkering of ‘don’t ask, don’t tell’ and the reasons for those changes,” Hegseth said on a podcast promoting his book. “It was stuff like, ‘don’t ask, don’t tell,’ which was their immediate target, right?

Persons: Pete Hegseth, Donald Trump’s, Hegseth, DADT, Bill Clinton, Obama, Don’t, Ben Shapiro, “, ”, ” Hegseth, Don’t Tell, ‘ don’t, they’re, “ don’t, Trump, Pete, Defense James Mattis, Joe Biden, don’t, Clinton, ’ ”, Donald Trump's, Jennifer Rauchet, Sen, Susan Collins, Mark Schiefelbein, ’, it’s, ” CNN’s Manu Raju, Alison Main, — Organizations: CNN, Warriors, Fox News, Defense, Minnesota Army National Guard, America, DADT, Meidas News, Navy, CNN Wednesday, Pentagon, Trump, Pew Research, RAND Corporation, Research, Capitol, Army, Obama Locations: Guantanamo, Iraq, Afghanistan, Maine, Washington

☆ I'm a millennial CPA. The field of accounting isn't dying — it's a fast-track to a happy upper-middle-class life.
▼ + stars: | 2024-12-12 | by ( Robin Madell | ) www.businessinsider.com time to read: +6 min

Some people say that "accounting isn't sexy" and that it's hard to get people to become accountants. AdvertisementDuring my sophomore and junior years, I interned with a tax firm and a CPA firm doing bookkeeping and tax work. I joined a national firm doing tax work in 2018. AdvertisementLater that year, I job-hopped to another local CPA firm and worked in a client-facing position doing tax and accounting work. Fixing the culture at some accounting firms and modernizing pay incentives would go a long way toward changing the profession's image.

Persons: Nicholas Larson, Nicholas M, Larson, —, who've, it's, haven't, I'm, Jane Zhang Organizations: Accounting, IRS, CPA Locations: Fort Worth , Texas, Oklahoma City, Oklahoma, Texas

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