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☆ Opinion | Democrats, It’s Time to Say Goodbye to Our Neoliberal Era
▼ + stars: | 2024-11-21 | by ( Antonio Delgado | ) www.nytimes.com time to read: +1 min

In the months ahead, Democratic Party officials and operatives will analyze election returns and voting patterns to try to make sense of what happened on Election Day. Like Goldwater after 1964, the Democratic Party can seize defeat to establish a new order — but the era of tinkering around the edges is over. Look no further than solid blue New York: Vice President Kamala Harris had the worst statewide performance for a Democrat since 1988. The contemporary Democratic Party emerged from the “greed is good” era of the 1980s in part by co-opting pieces of the Reagan agenda. President Bill Clinton built a coalition — part working class, part Wall Street — that led Democrats back to the White House without redefining the political system.

Persons: Goldwater, Ronald Reagan’s, Donald Trump didn’t, Kamala Harris, Joe Biden’s, Reagan, Bill Clinton, ” Organizations: Democratic Party, Democratic, Democrat Locations: York, New York City

☆ Linda McMahon, Trump’s Education pick, was sued for allegedly enabling sexual abuse of children
▼ + stars: | 2024-11-21 | by ( John Towfighi | ) edition.cnn.com time to read: +6 min

As head of the WWE, Linda McMahon oversaw its transformation from a wrestling entertainment company into a publicly traded media empire. He also would often film his sexual abuse, according to the filing. Both Linda and Vince McMahon were aware of Phillips’ abuse, the lawsuit alleges. In 2023, the Maryland Child Victims Act, which repeals the statute of limitations in certain child sexual abuse civil lawsuits, became law. Linda McMahon worked in Trump’s first Cabinet as the administrator of the Small Business Administration before stepping down in 2019 to chair a pro-Trump super PAC.

Persons: Linda McMahon, Donald Trump, McMahon, Vince, McMahon —, Melvin Phillips Jr, Phillips, ”, John, “ Phillips, “, Linda, Vince McMahon, Laura Brevetti, ” Brevetti, “ Ms, Vince McMahon “, ” Jessica Rosenberg, Rosenberg, Phillips ’, —, ’, Philips, Greg Gutzler, DiCello Levitt, Murphy, Falcon, Trump’s, Katelyn Polantz Organizations: CNN, Department of Education, Wrestling Entertainment, WWE, Senate, Holdings, New York Post, Maryland Child, Small Business Administration, Trump, America, Policy Institute, TK Holdings, US, Office, of Locations: Connecticut, Baltimore County , Maryland, New York, Southern, of New York

☆ Trump wants the power to single-handedly choke off government spending. Lawmakers aren't sweating it yet.
▼ + stars: | 2024-11-21 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +7 min

AdvertisementTrump wants the power to refuse to spend federal dollars that Congress has already approved. Impoundment has been floated as one way that Trump could singlehandedly enact DOGE's recommended cuts to the federal budget. Meanwhile, lawmakers on Capitol Hill — including those on the House and Senate Appropriations Committees that control government spending — don't seem concerned about Trump's impoundment power grab just yet. He added that there "would be a problem" if Trump tried to impound funding approved by both chambers of Congress. AdvertisementWhat Trump could do with such sweeping powersEven if Congress won't grant Trump impoundment powers, he has another potentially more attractive avenue — the courts.

Persons: He's, Nixon, Elon Musk, Vivek Ramaswamy, Donald Trump, doesn't, it's, Richard Nixon, Trump, DOGE's, Republican Sen, Shelly Moore Capito, haven't, I've, Robert Aderholt, Rosa DeLauro, Mark Amodei, Joe Morelle, appropriators aren't, Tom Cole of Oklahoma, Mark Paoletta, there's, Daniel Schuman, Schuman, shouldn't, Vance, Karoline Leavitt Organizations: Trump, Congress, Department of Government, Capitol, Committees, Republican, West Virginia, Alabama, Democrats, Republicans, Senate, tinker, Nevada Republican, Democratic, GOP, The Washington, Trump administration's Office, Management, American Governance Institute Locations: West, Connecticut, Nevada, New York

☆ Taiwan plans to spend $1B a year pivoting its economy from semiconductors to AI
▼ + stars: | 2024-11-21 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +3 min

Wu Cheng-wen told Nikkei Asia that "AI sovereignty" is critical and benefits Taiwan's security. Taiwan is planning to spend about $1 billion a year on artificial intelligence as part of its efforts to shift its economy away from semiconductors. On Thursday, Taiwan's science and technology minister told Nikkei Asia that the government would spend $3 billion over 3 years to ramp up AI data centers and their computing ability. AdvertisementThe move comes as the country is not only trying to diversify its economy toward industries like AI, but also away from China. AdvertisementWu told Nikkei Asia that he is looking forward to cooperating with the US after Trump takes office in January.

Persons: Wu Cheng, Wu, Donald Trump's, TSMC Organizations: Nikkei, Financial Times, Taiwan Semiconductor Manufacturing Co, Reuters, China, Bloomberg, US, Trump Locations: Taiwan, Nikkei Asia, China, India, Arizona

☆ 5 in-demand jobs that can pay over $100,000 and don't require a bachelor's degree
▼ + stars: | 2024-11-21 | by ( Morgan Smith | ) www.cnbc.com time to read: +1 min

If you're looking for a career that pays well, doesn't require a bachelor's degree and offers strong job security, you might want to consider a job in the skilled trades. Close to a third (35%) of the fastest-growing jobs in the U.S. are in the skilled trades, with more than 1.5 million new jobs expected between now and 2032, according to the latest numbers from the Bureau of Labor Statistics. "As people continue to search for higher-paying jobs with low barriers to entry, blue-collar jobs have had a resurgence in interest — especially among Gen Z," he added. Though many blue-collar jobs don't require a four-year degree, most roles require certifications, licensing and, in some cases, extensive on-the-job training. Here are five in-demand jobs in the skilled trades that pay over $100,000 and don't require a bachelor's degree, according to data from Resume Genius and the Bureau of Labor Statistics:

Persons: Nathan Soto, Gen Organizations: McKinsey & Co, Labor, Bureau of Labor Statistics, CNBC Locations: U.S

☆ Possible Rowan selection for Treasury secretary would be boost for Apollo stock, private equity industry, says TD Cowen
▼ + stars: | 2024-11-21 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +1 min

The potential appointment of Apollo Global Management CEO Marc Rowan would boost the stock and the broader alternative asset management sector, according to TD Cowen. Trump's reelection platform included efforts to deregulate industries, which would facilitate large transactions such as the ones seen in the private equity sector. APO 1D mountain Apollo shares on Thursday Katz also thinks any "key man risk" at Apollo in the event Rowan is appointed to Trump's Cabinet is limited. Likely CEO successors are co-Presidents Jim Zelter and Scott Kleinman, according to Katz. Shares of Apollo have soared 77% year to date.

Persons: Marc Rowan, TD Cowen, Donald Trump's, Rowan, Kevin Warsh, Scott Bessent, Sen, Bill Hagerty, Warsh, Bill Katz, Katz, Jim Zelter, Scott Kleinman Organizations: Apollo Global Management, Federal, Key Square Group, Rowan, Trump, Mar, APO Locations: Wednesday's

☆ The Miss Universe CEO said crowning a winner with 'blonde hair and blue eyes' is the 'ultimate evolution' for the pageant
▼ + stars: | 2024-11-21 | by ( Anneta Konstantinides | ) www.businessinsider.com time to read: +8 min

But when a reporter asked Jakrajutatip about the evolution of the Miss Universe pageant, she fixated on Theilvig's looks. Hector Vivas/Getty ImagesJakrajutatip was in the audience at Miss Universe 2018 when Angela Ponce became the first transgender woman to compete. A month after the video was recorded, the 72nd Miss Universe pageant was held. AdvertisementMiss Universe's identity crisisThere have been subtle shifts in the Miss Universe and Miss USA pageants since Jakrajutatip took over the organization. Theilvig shares many similarities with every past Miss Universe winner: She is cisgender, under 29, unmarried, without children, and not plus-sized.

Persons: Anne Jakrajutatip, Victoria Kjaer, Jakrajutatip, Victoria Kjaer Theilvig, Theilvig, Kjaer Theilvig, Hector Vivas, Angela Ponce, Donald Trump, Josh Brasted, vitiligo, Osmel Sousa —, Raul Rocha —, —, Donald Trump Jr, Elon Musk, Trump, Rocha, Sousa, Musk, Barbies, CARL DE SOUZA, Alyssa Klinzing, I'm, Klinzing Organizations: Miss, Miss Universe, Miss USA —, BI, Miss USA, 72nd Miss, New York Times, WE, Trump Jr, USA, AFP, Miss Kansas Teen USA, Miss Kansas USA, Miss Houston USA Locations: Denmark, Nicaragua, India, South Africa

☆ Elon Musk's DOGE is looking to Argentina for inspiration to slash public spending
▼ + stars: | 2024-11-21 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +5 min

Both men admire Javier Milei, the Argentine leader elected on a pledge to slash the state. About a year ago, standing in front of a whiteboard with a gleam in his eye, Javier Milei started pulling apart Argentina's government. Javier Milei pulls apart a chart of Argentina's state in a video published on September 9, 2023. AdvertisementHarsh medicineHis measures helped tame a crisis: Argentina's inflation was 25.5% when Milei took office, and as of October, it was 2.7%. Argentinians have taken to the streets to protest against Javier Milei's economic policies since his election.

Persons: Elon Musk, Vivek Ramaswamy, Javier Milei, Milei, Lex Fridman, — Milei, Maria Victoria Murillo, Argentinians, Javier, Luciano Gonzalez, Donald Trump's, Trump, Ramaswamy, Musk Organizations: Argentine, Ministry, of Environment, Sustainable, Government, Social Security, US, Institute of Latin American Studies, Columbia University, Anadolu, Getty Images Kimberley, Economics, America, Republicans Locations: Milei, Argentine, Argentina, Mar, Buenos Aires

☆ No one would talk to Sebastian Stan about his Donald Trump movie for 'Actors on Actors': 'They were too afraid'
▼ + stars: | 2024-11-21 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +3 min

AdvertisementSebastian Stan plays a young Donald Trump in "The Apprentice," a movie about his life in the 1970s. Stan said other actors wouldn't discuss Trump, and the film, with him for Variety's "Actors on Actors." You won't see Sebastian Stan doing an "Actors on Actors" interview about his new Donald Trump movie "The Apprentice," because, according to the actor, no one would talk to him about it. "We couldn't get past the publicists or the people representing them, because it was too afraid to talk about this movie." "We invited him to participate in 'Actors on Actors,' the biggest franchise of awards season, but other actors didn't want to pair with him because they didn't want to talk about Donald Trump," Setoodeh said.

Persons: Sebastian Stan, Donald Trump, Stan, wouldn't, Trump, Ali Abbasi, Roy Cohn, Jeremy Strong, Trump's, Ivana, Maria Bakalova, It's, Abbasi, Gabriel Sherman, Ramin Setoodeh, IndieWire, didn't, Setoodeh, Sherman, Tuesday's, we're Organizations: Trump, Cannes, Penske Media Corporation, Cannes Film, Briarcliff Entertainment Locations: States

☆ Snow is coming to the Northeast, but don’t fall for the hype
▼ + stars: | 2024-11-21 | by ( Mary Gilbert | ) edition.cnn.com time to read: +3 min

But don’t expect a winter wonderland and don’t fall for the headlines and hype. The storm that will bring the snow to the Northeast already brought it to parts of the Midwest. This wet snow will fall overnight and could be heavy at times before it starts to taper off Friday afternoon. Any snow will have to fall heavily in order to accumulate more than an inch or so. Snow will fall across much of central PA over the next 24 to 36 hrs.

Persons: Snow Organizations: CNN, Midwest . Chicago, National Weather Service, State College Locations: Illinois, Indiana, Pennsylvania, New York, Binghamton , New York, Laurel, Philadelphia, New York City, West, Northeast

☆ ‘I do not support the death penalty’: Why the prosecution in Laken Riley’s murder trial asked for life in prison
▼ + stars: | 2024-11-21 | by ( Eric Levenson | ) edition.cnn.com time to read: +6 min

“I do not support the death penalty,” Gonzalez wrote on Twitter, now X, in September 2020. The punishment stopping short of the death penalty, though, earned criticism from some right-wing firebrands like US Rep. Marjorie Taylor Greene. “Jose Ibarra deserves the death penalty,” the Republican from Georgia wrote on X. Four days after the killing, Gonzalez brought in Sheila Ross from the Prosecuting Attorney’s Council to join a task force in the murder case. Three months later, Gonzalez released the statement announcing prosecutors would not seek the death penalty.

Persons: Deborah Gonzalez, ” Gonzalez, Jose Ibarra, Laken Riley, Ibarra, I’m, ”, Allyson Phillips, “ I’m, H, Patrick Haggard, Marjorie Taylor Greene, “ Jose Ibarra, Allyson, Dawn Brinkley, ‘, ’, Feedback Jose Ibarra, Donald Trump’s, Gonzalez, “, Riley, Sheila Ross, Kalki Yalamanchili Organizations: CNN, Circuit, Twitter, Western, Attorney’s, Republican, USA, University of Georgia, Attorney’s Council Locations: Athens, –, Georgia, Venezuela

☆ Grimes says she was 'going bankrupt' during custody battle with Elon Musk
▼ + stars: | 2024-11-21 | by ( Lauren Edmonds | Kelsey Vlamis | ) www.businessinsider.com time to read: +4 min

AdvertisementGrimes shared new details about her custody dispute with her former partner, Elon Musk. Grimes said she was "going bankrupt" during the dispute and had a "fraction" of Musk's resources. Grimes says she was "going bankrupt" during her custody dispute with Tesla CEO and billionaire Elon Musk, with whom she shares three children. Grimes, whose real name is Claire Elise Boucher, became embroiled in a custody dispute with Musk in 2023 over X Æ A-Xii , Exa Dark Sideræl, and Techno Mechanicus. Related VideoGrimes and Musk have largely been quiet about the custody dispute, however Grimes on Wednesday shared some details about how going to court against her billionaire ex impacted her.

Persons: Grimes, Elon Musk, Claire Elise Boucher, Musk, hasn't, August Grimes, Donald Trump, group's Organizations: Tesla, Business, Department of Government Locations: California, Texas, , Texas, Austin , Texas

☆ SEC Chair Gary Gensler will step down Jan. 20, make way for Trump replacement
▼ + stars: | 2024-11-21 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

SEC commissioners serve five-year terms, so Gensler could in theory have stayed on until at least 2026. Gensler took over the SEC in 2021, and under his leadership the commission has taken an ambitious but controversial approach to several regulatory issues, including cryptocurrencies. Trump has not announced his pick to lead the SEC, but the expectation is that the next chair will be friendlier to Wall Street and crypto. Securities and Exchange Commission Chair Gary Gensler will resign on Jan. 20, the agency announced Thursday, paving the way for President-elect Donald Trump to immediately select a replacement. Under Gensler, the SEC pushed to require more disclosure from publicly traded companies and financial advisors for investors.

Persons: Gensler, Trump, Gary Gensler, Donald Trump, Elon Musk, Musk, Gensler's, — CNBC's Lora Kolodny Organizations: SEC, cryptocurrencies, . Securities, Exchange, Gensler's SEC, Twitter, Trump, Government Efficiency

☆ Lindsay Lohan and Lacey Chabert reprised their ‘Mean Girls’ roles and it was so fetch
▼ + stars: | 2024-11-21 | by ( Lisa Respers France | ) edition.cnn.com time to read: +2 min

CNN —Lindsay Lohan and Lacey Chabert have new roles they are promoting, which allowed them to bless us with some nostalgia. Amanda Seyfried, Rachel McAdams, Lacey Chabert, and Lindsay Lohan in "Mean Girls." “My dad was there?”That fact appeared to tickle Lohan almost as much as the sight of Cohen in a wig. Lindsay Lohan Is Open to a Reboot of The Parent Trap | WWHL“I mean if [director] Nancy Meyers was a part of that, yeah,” Lohan said. Lohan stars in the Netflix film “Our Little Secret,” which starts streaming November 27.

Persons: CNN — Lindsay Lohan, Lacey Chabert, Andy Cohen, ”, Lohan, Cady, Chabert, Gretchen, Cohen, Kim Zolciak, Regina George, Rachel McAdams, Amanda Seyfried, Lindsay Lohan, Michael Gibson, Shutterstock Cohen, Michael Lohan, “ RHOA, ” Lohan, incredulously, “, tickle Lohan, Nancy Meyers, ” Cohen, Dustin Milligan Organizations: CNN, Housewives, Atlanta, Paramount, Netflix Locations: Nancy

☆ Elon Musk says he's had little to do with Trump's cabinet picks — he just likes 'spending time' with the man
▼ + stars: | 2024-11-21 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

But the Tesla and SpaceX CEO said he's had little input on Trump's Cabinet picks. Elon Musk says he's had little input on President-elect Donald Trump's cabinet picks. He was a major contributor to Trump's campaign, spending just under $119 million on his pro-Trump political action committee, America PAC. Musk, according to multiple media reports, has joined Trump's calls with Ukrainian President Volodymyr Zelenskyy and Google CEO Sundar Pichai. Lutnick, Musk wrote in an X post on November 16, "will actually enact change," compared to another candidate, hedge fund CEO Scott Bessent.

Persons: Elon Musk, Donald Trump, he's, Musk, Donald Trump's, Haven't, Robert F, Kennedy Jr, cott, ott Organizations: SpaceX, Cabinet, New York Post, Trump's, UFC, Trump, Madison Locations: Lago, Palm Beach , Florida, usk

The CNBC Sport videocast brings you interviews with the biggest names in the business. In this week's episode, CNBC's Alex Sherman sits down with professional boxer Amanda Serrano and Most Valuable Promotions co-founder Nakisa Bidarian. They talk about how they knew Serrano's fight against Katie Taylor last week would far surpass Jake Paul's fight with Mike Tyson in terms of quality — and how they can make sure women's boxing stays in the limelight. Watch the full conversation above, and sign up to receive future editions of the CNBC Sport newsletter straight to your inbox.

Persons: CNBC's Alex Sherman, Amanda Serrano, Nakisa Bidarian, Katie Taylor, Jake Paul's, Mike Tyson Organizations: CNBC, videocast

☆ From crypto to AI, Stash co-founder Justin Kan discusses the future of gaming
▼ + stars: | 2024-11-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFrom crypto to AI, Stash co-founder Justin Kan discusses the future of gamingJustin Kan, co-founder of Stash, speaks to CNBC's Arjun Kharpal at Slush in Helsinki, Finland about the future of gaming and how AI might be part of it.

Persons: Justin Kan, CNBC's Arjun Locations: Helsinki, Finland

☆ Box CEO Aaron Levie, who voted for Kamala Harris, explains why more Democrats should embrace Elon Musk
▼ + stars: | 2024-11-21 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +6 min

AdvertisementBox CEO Aaron Levie said Democrats should embrace Elon Musk. Levie, who supported Kamala Harris, said he thinks Musk is uniquely qualified to support innovation. In an interview with Business Insider, Levie explained why he thinks Democrats should make an effort to embrace Musk, and how he thinks it would benefit American innovation. Levie supported Vice President Kamala Harris for president, donating to her campaign as well as President Joe Biden's before he dropped out of the race. He said he thinks Musk would be uniquely able to identify things that get in the way of progress in those areas.

Persons: Aaron Levie, Elon Musk, Kamala Harris, Levie, Joe Biden's, didn't, Donald Trump, Musk, Hillary Clinton, Joe Biden, Biden, Tesla, EVs, he'd, Sen, Chris Coons, " Coons, Coons, Pete Buttigieg, Helene, Buttigieg, Vivek Ramaswamy, Ramaswamy, Musk's Organizations: Democratic, Business, Democratic Party, Republicans, SpaceX, Twitter, White, Ford, GM, Tesla, EVs, Republican, Fox, Department of Government Efficiency, Transportation, Elon, Politico, Department of Government, Department of Defense Locations: Delaware

☆ CNBC Sport: The next big media rights deal isn't in the U.S.
▼ + stars: | 2024-11-21 | by ( Alex Sherman | In Alex-Sherman | ) www.cnbc.com time to read: +17 min

In my inaugural CNBC Sport newsletter , I said the major American sports leagues have their media rights deals locked up for years to come. The NHL's Canadian media rights deal will end after next season. The company has said it intends to bid again for the Canadian media rights. In my inaugural CNBC Sport newsletter, I said the major American sports leagues have their media rights deals locked up for years to come. The NHL's Canadian media rights deal will end after next season.

Persons: Alex Sherman, Rogers, Gary Bettman, Amazon's, James Gay, Rees, Paul Martin –, Wayne Gretzky, Amanda Serrano, Nakisa Bidarian, Jake Paul, Mike Tyson, Katie Taylor, Taylor, Serrano, Tyson, Paul –, Amanda, Katie, Mike, Jake, Bidarian, Amanda's, hasn't, I'm, CNBC's Jake Piazza, Lillian Rizzo, Tiger Woods, Rory Mclroy, Mike McCarley, Steve Cohen's, Eli Manning, Derek Jeter, Michael Strahan, John McEnroe, Jimmy Fallon, Rickie Fowler, Xander Schauffele, Matt Fitzpatrick, Cameron Young, CNBC's Jess Golden, Dan Gilbert, Turner, John Tesh, LeBron James, Maverick Carter, Fulwell, Ben Winston, They'll, Peacock, CNBC's Dominic Chu, Mollie Marcoux Samaan, Marvel Entertainment Rob Steffens, Wanda Diamond, LOVB, LOVB Pro's, Michele Kang, Kang, Rob Manfred, That's, Manfred, Tomas Hertl, Thatcher Demko, Derek Cain Organizations: CNBC, CNBC Sport, Rogers Communications, NHL, National Basketball Association, National Football League, Rogers, Amazon Prime, Netflix, NFL, Amazon, Buffalo Bills, Kansas City Chiefs, CBS, Patriots, Sports Business, Golf Channel, Mike McCarley . New York Mets, Private Ventures, New, New York, WNBA, NBA's Cleveland Cavaliers, NBA, Warner Bros, Discovery, Turner Sports, U.S, ESPN, ABC, NBC, NBC Sports, SpringHill, Comcast, USA, English Premier League, NASCAR, WWE, Olympics, Marvel Entertainment, American Hockey League, Wanda Diamond League, Atwater Capital, U.S . Soccer, MLB, The Athletic, Professional Fighters League, Dubai Department of Economy, Tourism, Dubai Sports Council, PFL, San Jose Sharks, Vancouver Canucks, Rogers Arena, Sports, Reuters Locations: —, Canada, Canadian, U.S, Amazon, Europe, Salt Lake City , Utah, Mike McCarley ., Cleveland, Northeast Ohio, Atlanta , Austin, Houston, Madison, Omaha, Salt, Dubai

☆ Marjorie Taylor Greene picked to lead a new DOGE House panel to slash government funding
▼ + stars: | 2024-11-21 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +2 min

AdvertisementRep. Marjorie Taylor Greene is set to chair a new subcommittee that works with Elon Musk's DOGE. Rep. Marjorie Taylor Greene is set to get a plum new role next year: chairing a new House panel that will work with Elon Musk and Vivek Ramaswamy's Department of Government Efficiency. AdvertisementThe DOGE subcommittee will be tasked with investigating "wasteful" spending, examining ways to reorganize federal agencies and supporting the work of the DOGE commission. Related stories🚨🚨🚨BIG NEWS🚨🚨🚨Comer to create @GOPoversight DOGE subcommittee chaired by Marjorie Taylor Greene to work with @elonmusk, @VivekGRamaswamy https://t.co/b85arhjM5d — Rep. Marjorie Taylor Greene🇺🇸 (@RepMTG) November 21, 2024"Wasteful government spending must end, and taxpayers deserve to see their money used effectively and efficiently," Comer told Fox News. "I look forward to working with Rep. Marjorie Taylor Greene, Elon Musk, and Vivek Ramaswamy to deliver on these goals to make America great again."

Persons: Marjorie Taylor Greene, Elon, Greene, Elon Musk, James Comer, Ramaswamy, Taylor, gove Organizations: Elon Musk's DOGE, Elon, Vivek Ramaswamy's Department, Government, Georgia Republican, Fox News, Rep Locations: sion

☆ Two Sigma's new leaders have made their mark with hundreds of job cuts. Here's what could come next for the $60 billion firm.
▼ + stars: | 2024-11-21 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +3 min

The hedge fund is run by co-CEOs Carter Lyons and Scott Hoffman, who took over for Two Sigma's billionaire cofounders in September. The firm is planning to continue to invest in its core strategies, a person close to the manager said. Related Video How tech layoffs could affect the economyNo portfolio managers were eliminated, a person close to the manager told Business Insider. AdvertisementThe goal is to be more disciplined as the firm grows going forward, the person close to Two Sigma said. AdvertisementIn this light, the latest cuts could be seen as a clean-up of balance sheet bloat — but the person close to the firm said that a listing has not been discussed in any form.

Persons: Carter Lyons, Scott Hoffman, cofounders, cofounders John Overdeck, David Siegel, Lyons, Hoffman, Lazard's Organizations: Sigma, Business, Bloomberg, shepherding Locations: New York

☆ Elon Musk just reignited his feud with Jeff Bezos
▼ + stars: | 2024-11-21 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

AdvertisementElon Musk reignited his long-running feud with Jeff Bezos in a X post on Thursday. Musk said Bezos told people that Trump would lose and they should sell their Tesla and SpaceX stock. Elon Musk has taken aim at Jeff Bezos once more, reigniting the war of words between the world's two richest people. In a X post on Thursday, Musk said that Bezos had told people to dump their shares in his companies because Donald Trump was bound to lose the presidential election. This message about Bezos is a way to give himself an excuse to legitimately do so, by saying that 'Bezos started it.'"

Persons: Elon Musk, Jeff Bezos, Musk, Bezos, Trump, Donald Trump, ince, ould, ake Organizations: SpaceX Locations: lon, usk, ehicles,

☆ Trump needs to make Treasury Secretary decision very quickly, says Punchbowl News' Jake Sherman
▼ + stars: | 2024-11-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTrump needs to make Treasury Secretary decision very quickly, says Punchbowl News' Jake ShermanJake Sherman, Punchbowl News co-founder, joins 'Squawk Box' to discuss the Trump administration's pick for Treasury Secretary, some of the controversial figures in the Trump cabinet, and much more.

Persons: Jake Sherman Jake Sherman Organizations: Email Trump, Punchbowl, Punchbowl News, Trump, Treasury

☆ CNBC Daily Open: Is Nvidia its own worst enemy?
▼ + stars: | 2024-11-21 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Akio Kon | Bloomberg | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Investors are likely zooming in on the rate at which Nvidia is growing its numbers, compared with its past performance, not just whether it's surpassing expectations. The same goes for Nvidia's forward guidance: A growth of around 70% for current-quarter sales, compared with a year earlier. It appears that investors have enjoyed Nvidia's astounding performance for so long they've become desensitized to it.

Persons: Jensen Huang, Akio Kon, LSEG, University's, Leswing, Samantha Subin, Brian Evans Organizations: Nvidia Corp, Nvidia, Summit Japan, Bloomberg, Getty, CNBC, Investors, University's Stern School of Business Locations: Tokyo, Japan, New

☆ Trump Recruits His Cast for Season 2 Straight From Television
▼ + stars: | 2024-11-21 | by ( Michael M. Grynbaum | ) www.nytimes.com time to read: +1 min

After an election where podcasts and influencers played an outsize role, conservatives were quick to declare that traditional media was dead. Turns out a lot of it is just moving into the West Wing. President-elect Donald J. Trump, whose rise was fueled by reality TV stardom, is once again turning to television to recruit the key cast members of his new administration. The latest was Dr. Mehmet Oz, the former syndicated TV host, who was picked by Mr. Trump on Tuesday to oversee Medicare and Medicaid. (His wife, Rachel Campos-Duffy, is Mr. Hegseth’s erstwhile “Fox & Friends” co-host.)

Persons: influencers, Donald J, Trump, Mehmet Oz, Pete Hegseth, “, ”, Sean Duffy, Rachel Campos, Duffy, Hegseth’s, Friends ” Organizations: Wing, Mr, “ Fox, Fox Business, Transportation Department, Friends

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