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☆ 4 investment strategies that will outperform the stock market in 2025, according to Goldman Sachs
▼ + stars: | 2024-11-25 | by ( Laila Maidan | ) www.businessinsider.com time to read: +5 min

AdvertisementInterest rate cuts and stable GDP growth boost market optimism for 2025. But AI-driven stock market gains may not sustain, with S&P 500 returns possibly muted. Goldman Sachs advises diversifying investments, focusing on value stocks and foreign markets. An earlier note from Goldman Sachs projected that the S&P 500 could have muted returns at 3% annually for the next decade. AdvertisementFinally, consider growth stocks that aren't pegged to technology, such as Eli Lilly, Honeywell International, Vertex Pharmaceuticals, and Chipotle, among others.

Persons: Goldman Sachs, Donald Trump's, it's, Peter Oppenheimer, Goldman, Eli Lilly Organizations: Honeywell, Vertex Pharmaceuticals, American Locations: Japan, Europe

☆ China's central bank keeps medium-term loan rate unchanged amid yuan weakness
▼ + stars: | 2024-11-25 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +4 min

A man walks past the People's Bank of China (PBOC) building on July 20, 2023 in Beijing, China. The People's Bank of China kept the medium-term lending facility rate unchanged at 2.0% on 900 billion yuan ($124.26 billion) worth of one-year loans to some financial institutions, according to the bank's official statement. Keeping the MLF rate intact allows for "greater policy maneuverability" given the change in U.S. administration, at a time when commercial banks' net-interest-margins have remained tight, Pang added. "A delayed reduction in the [MLF] lending rates" would also bolster the yuan against the stronger greenback, JLL's Pang added. Unlike the Fed's focus on a main interest rate, the PBOC uses a variety of rates to manage monetary policy.

Persons: Jiang Qiming, Donald Trump's, Bruce Pang, PBOC's, Pang, Wang Tao, Zhiwei Zhang, JLL's Pang, Gary Ng, PBOC, Pan Gongsheng Organizations: People's Bank of China, China News Service, Getty Images China, U.S, Research, UBS Investment Bank, Beijing Locations: Beijing, China, Greater China, JLL

☆ Jim Cramer examines Wall Street's reaction to Trump Treasury secretary pick
▼ + stars: | 2024-11-25 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Monday reviewed investors' reaction to President-elect Donald Trump's latest cabinet pick, hedge fund manager Scott Bessent. His takeaway is that Wall Street believes the potential Treasury secretary will be a prudent force in the administration. "What matters is that this Treasury secretary designate is a serious person, not unlike Steven Mnuchin before him," he said "And those who believed Trump couldn't get a dollop of rigor in the cabinet — well, they've been proven wrong." Cramer also pointed out that Treasury yields fell, with the 10-year sliding to about 4.28% when investors were worried about it hitting 4.5% a few days ago. "That's where Scott Bessent, the Treasury Secretary designate, comes from, so the fence sitters and skeptics are jumping on the Trump bandwagon as if the president elect said, 'higher stock prices and lower taxes for all.'"

Persons: CNBC's Jim Cramer, Donald Trump's, Scott Bessent, Steven Mnuchin, Trump, they've, Cramer, George Soros, Bessent, Shinzo Abe, That's Organizations: Dow Jones Industrial, Treasury, Trump

☆ 'Do I have a trust fund?' Viral 'teenager texts' highlight how little some kids know about money
▼ + stars: | 2024-11-25 | by ( Jessica Dickler | ) www.cnbc.com time to read: +1 min

Chip Leighton's viral 'teenager texts' highlight how little some kids know about money. As the creator of "The Leighton Show," his social media posts, which have collectively been seen more than 250 million times, hilariously highlight some of the texts teenagers send their parents. Leighton, who has two children of his own, receives thousands of messages from parents of teenagers across the country — some of which he uses for content. covers some of the best — or worst — texts from teenagers. One section is devoted entirely to money-related topics, often related to a first job or taxes.

Persons: Chip Leighton's, Chip Leighton, she'd, Leighton, it's Organizations: Finance

Despite receiving complaints of exploitation from students, Bondi and then-California Attorney General Kamala Harris both declined to join the investigation. Harris attacked Trump in the 2020 and 2024 elections and painted him as a business fraud and threat to democracy. Now, if confirmed by the Senate, Bondi is set to become President-elect Trump’s attorney general. Some Florida attorneys have defended Bondi and said she followed norms as state attorney general. And, if she declines to prosecute prosecutors for political reasons, will be forced out by Trump like her predecessors.

Persons: Pam Bondi’s, Kamala Harris, Donald Trump, Harris, Trump, Bondi, Matt Gaetz, Jack Smith’s, Smith, Trump’s, William Barr, Barr, Jeffrey Clark, We’ve, Ballard, Dave Aronberg, Aronberg Organizations: Trump University, Trump, Senate, FBI, Department of Justice, Fox News, Justice Department, DOJ, Department, Washington, U.S, Capitol, Ballard Partners, Palm, Democrat Locations: Florida, California, Bondi, Georgia, Philadelphia, Palm Beach County , Florida

☆ Insider Today: White-collar recession
▼ + stars: | 2024-11-24 | by ( Matt Turner | ) www.businessinsider.com time to read: +4 min

AdvertisementThis post originally appeared in the Insider Today newsletter. TikTok videos espoused the benefits of #publicsector jobs, and Google searches for "how to get a government job" hit a five-year high. Several careers consultants told Business Insider they were already experiencing a rush of demand from workers ready to shift to the private sector. But ask any white-collar professional, and they'll tell you a horror story that would prove otherwise. Hiring has held up well for low-earning workers, but those making six figures or more are in the midst of a white-collar recession.

Persons: Chelsea Jia Feng, Elon Musk, Musk, Vivek Ramaswamy, Laura Labovich, Peacock, BI's Peter Kafka, iStock, Rebecca Zisser, Jenny Chang, Rodriguez, Amazon, Natalie Ammari, Teiffyon Parry Organizations: Business, Porsche, Department, Government Efficiency, Comcast, Getty, BI Comcast, CNBC, MSNBC, NBC, Bravo, LinkedIn, Alexa, Uber, Ticketmaster, Google Locations: USA

☆ What Sherrod Brown says went wrong in his Senate race — and for Democrats
▼ + stars: | 2024-11-24 | by ( Manu Raju | Clare Foran | ) edition.cnn.com time to read: +9 min

For more on CNN’s interview with Sherrod Brown, watch CNN’s “Inside Politics Sunday with Manu Raju” this Sunday at 8 a.m. CNN —Sherrod Brown can boil down the loss of his Senate seat to this: Donald Trump and withering GOP attacks. In one GOP ad, a narrator’s voice says, “Six more years of Sherrod Brown? A federal judge in Texas recently struck down a Biden administration rule that would have expanded overtime eligibility for about 4 million workers. “As you can see, one judge denied 4 million workers in this country their overtime.

Persons: Sherrod Brown, Manu Raju ”, CNN — Sherrod Brown, Donald Trump, ” Brown, Trump, Brown, —, Bernie Moreno —, JD Vance, I’m, ”, Sen, Jon Tester, Kamala Harris, “, Moreno, “ Sherrod Brown, who’s, ” Moreno, Phil Letsou, outspent Brown, “ You’ve, Bernie Moreno, PAC —, US Sen, Emily Elconin, Harris, Letsou, Biden, “ I’m, ” Bernie Moreno, Stephen Maturen, That’s, Joe Biden, it’s, they’re, ” CNN’s David Wright, Sheden Tesfaldet Organizations: CNN, GOP, Ohio Democrat, Democratic, “ Workers, Democratic Party, Senate, Trump, Montana, Fund, PAC, Ohio, US, Republican, Getty, “ Republicans, “, Stock, Biden Locations: Ohio, Brecksville , Ohio, Texas

☆ Adani CFO says U.S. charges linked to only one business contract
▼ + stars: | 2024-11-24 | by ( ) www.cnbc.com time to read: +2 min

Chairperson of Indian conglomerate Adani Group, Gautam Adani, speaking at the World Congress of Accountants in Mumbai on November 19, 2022. A U.S. bribery indictment of Indian billionaire Gautam Adani is linked to one contract of Adani Green Energy that makes up some 10% of its business, and no other firms in the conglomerate are accused of wrongdoing, the group's CFO said on Saturday. The allegations in the U.S. indictment relates to "one contract of Adani Green, which is roughly 10% of overall business of Adani Green", Singh said on X. Adani, which has several other global projects, is also charged with misleading U.S. investors about Adani Green's compliance with antibribery principles and laws. The charges also put the spotlight on Sagar Adani, a director at Adani Green and millennial scion of the company who kept track of hundreds of millions of dollars of alleged bribes to Indian officials on his mobile phone.

Persons: Gautam Adani, Adani, Jugeshinder Singh, Singh, Hindenburg, Sagar Organizations: Adani, World, Accountants, Energy, U.S, Indian Energy Locations: Mumbai, U.S, Adani, Kenya, United States

☆ Stock futures rise Sunday ahead of shortened trading week: Live updates
▼ + stars: | 2024-11-24 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange on Nov. 22, 2024 in New York City. U.S. stock futures climbed Sunday night as Wall Street kicked off a shortened Thanksgiving trading week. Despite this week's shortened trading week, the interest rate outlook is back in focus with the release of October's personal consumption expenditure (PCE) price index, the Federal Reserve's preferred inflation measure. On the corporate earnings front, several retailers and tech names are slated to release quarterly results during the week. On Tuesday, retailers Macy's, Nordstrom and Best Buy are reporting results, as well as tech companies CrowdStrike and Dell Technologies.

Persons: Russell, Donald Trump, Scott Bessent, Trump, Bessent, Phillip Colmar, Nordstrom Organizations: New York Stock Exchange, Dow Jones Industrial, Nasdaq, Dow, Key Square, Treasury, MRB Partners, President, Federal, Dell Technologies Locations: New York City . U.S

☆ Why it might be easier to change jobs next year
▼ + stars: | 2024-11-24 | by ( Tim Paradis | ) www.businessinsider.com time to read: +6 min

Come 2025, you might find it's a tad easier to change jobs. If the job market doesn't strengthen as hoped, Zhao said some workers' frustrations over their 9-to-5 could rise. AdvertisementYet "if the job market heats up, then we'll likely see a wave of turnover as workers vote with their feet," Zhao said. Verizon has some 105,000 employees and typically fills about 20,000 jobs a year through a mix of internal and external candidates. "I don't think that it's going to be any easier to get the best of the best to work here," Schelling said.

Persons: Lisa Simon, Simon, Sean Barry, Barry, Daniel Zhao, Zhao, Michelle Volberg, she's, Volberg, Christina Schelling, Schelling, Tanya Moore, West, Moore Organizations: Labor, Revelio Labs, Allstate, Workers, Verizon, West Monroe Locations: West Monroe

☆ I drove a $27,000 Chevrolet Trax SUV. It's affordable daily transportation done right
▼ + stars: | 2024-11-24 | by ( Benjamin Zhang | ) www.businessinsider.com time to read: 1 min

AdvertisementThe Chevrolet Trax is a subcompact crossover SUV and the lowest-priced model in GM's lineup. The average price of a new car has risen by more than $10,000 over the past five years, making a good, affordable new car harder to find. Enter the second-generation Chevrolet Trax, which launched this year. With a starting price of $20,400, the Trax is not only the most affordable model in the Chevrolet lineup but also the cheapest model offered by General Motors in the US. The subcompact SUV competes with the Toyota Corolla Cross, Nissan Kicks, Hyundai Kona, and its corporate cousin, the Buick Envista.

Organizations: Chevrolet Trax, Chevrolet, General Motors, Toyota Corolla Cross, Nissan Kicks, Hyundai, Buick

☆ Rev. William Barber offers a blueprint for Democrats’ revival in Trump’s second term
▼ + stars: | 2024-11-24 | by ( John Blake | ) edition.cnn.com time to read: +12 min

William J. Barber II has long been one of America’s most persistent and eloquent spokespersons for poor and working-class Americans. Barber is the recipient of a MacArthur “genius grant” and helps lead the Poor People’s Campaign, which seeks national solutions to ongoing poverty. Barber also done something else: He’s shown Democrats how they can win political victories in red states. He once said, “Racism may target Black people, but it damns a democracy, and it damns humanity.”CNN spoke with Barber about the country’s future in Trump’s impending second term. Critics say Democrats are elitist and look down on working-class people.

Persons: Joe Rogan’s, Kamala Harris, Donald Trump, Harris ’, Trump’s, Trump, Biden’s, William J, Barber, MacArthur, Harris, ”, it’s, I’m, Andrew Harnik, there’s, we’ve, Scott Olson, —, there’d, JD Vance, We’ve, Hillary Clinton, MAGA, Linda Ronstadt, Alex Brandon, It’s, Woodrow Wilson, Wilson, Plessy, Ferguson, Jim Crow, William Barber, Jemal Countess, wasn’t, didn’t, John Blake Organizations: CNN, MLK, Poor, Center, Public Theology, Yale Divinity School, Republican, GOP, Democratic, ” CNN, Democratic Party, Howard University, Getty, Trump, Linda Ronstadt Music, AP, Democrat, Klux Klan, Supreme Locations: America, North Carolina, New York City, Washington, Chicago, Appalachia, Alabama, There’s, Tucson , Arizona, That’s

☆ Hyundai announces recall of over 42,000 vehicles due to wiring issue that can cause them to roll away
▼ + stars: | 2024-11-23 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Mirna-Alsharif-Byline-Jm.Jpg | Mirna Alsharif | ) www.nbcnews.com time to read: +2 min

Hyundai Motor North America announced it will recall over 42,000 vehicles due to a wiring issue that can cause the automobiles to roll away, according to a notice issued by the National Highway Traffic Safety Administration (NHTSA) on Wednesday. The 2025 Hyundai Santa Cruz and Hyundai Tucson vehicles subject to the recall have transmissions that can shift out of “park” without the brake pedal having to be applied, increasing the risk of a crash or an injury, per the administration. All 2025 Santa Cruz and Tucson vehicles in the U.S. are subject to the recall, including over 35,500 Tucson and 6,900 Santa Cruz vehicles. In early November, it was discovered that the wiring issue that caused the issue with the Tucson vehicle may also have impacted Santa Cruz vehicles. This prompted a review from the North America Safety Decision Authority on Nov. 13 and a recall of the vehicles.

Organizations: Hyundai, North America, National, Traffic Safety Administration, Santa Cruz, NHTSA, Tucson, American Safety Office, North America Safety Locations: Santa, Hyundai Tucson, Santa Cruz, Tucson, U.S

☆ The economist who predicted the election outcomes in detail tells BI his forecasts for 2025 GDP, inflation, and the threshold that would explode the deficit
▼ + stars: | 2024-11-23 | by ( Laila Maidan | ) www.businessinsider.com time to read: +4 min

AdvertisementChristophe Barraud predicted a Republican sweep and spike in the 10-year yield. Barraud, a top US economy forecaster, expects GDP growth to exceed consensus forecasts. He also expects higher inflation and shares concerns over the deficit crossing 7.5% of GDP. AdvertisementHe previously said that US GDP growth in 2025 would be stronger than expected at 2.1%, above Bloomberg's consensus forecast of 1.9%. A stronger labor market will cause this, especially wage growth and new job creation, combined with labor shortages from restrictive immigration policy.

Persons: Christophe Barraud, Kamala Harris, Donald Trump, Barraud, I'm, Trump Organizations: Republican, Market Securities Monaco, Bloomberg, Trump, Congressional, Office, Tax Foundation

☆ Microsoft CEO Satya Nadella says the company needs a 'culture change' after security failures
▼ + stars: | 2024-11-23 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +2 min

AdvertisementMicrosoft CEO Satya Nadella called for a culture change amid the company's security challenges. Microsoft has accepted responsibility for security flaws, acknowledging breaches by hackers. Microsoft, the world's largest software maker, doesn't have the best track record regarding security. Microsoft CEO Satya Nadella says the company needs to change that. Since taking the helm in 2014, Nadella has been known for leading empathetically and emphasizing that change wouldn't come from blaming employees.

Persons: Satya Nadella, Brad Smith, Nadella Organizations: Microsoft, US Department of Homeland Security, Department of Homeland Security, Wired, Business Locations: CrowdStrike, Russian

☆ Hyundai announce recall of more than 42,000 vehicles due to wiring issue that can cause them to roll
▼ + stars: | 2024-11-23 | by ( Mirna Alsharif | ) www.cnbc.com time to read: +3 min

Hyundai Motor North America announced it will recall more than 42,000 vehicles due to a wiring issue that can cause the automobiles to roll away, according to a notice issued by the National Highway Traffic Safety Administration (NHTSA) on Wednesday. The 2025 Hyundai Santa Cruz and Hyundai Tucson vehicles subject to the recall have transmissions that can shift out of "park" without the brake pedal having to be applied, increasing the risk of a crash or an injury, per the administration. All 2025 Santa Cruz and Tucson vehicles in the U.S. are subject to the recall, including more than 35,500 Tucson and 6,900 Santa Cruz vehicles -- around 1% of the vehicles are estimated by the NHTSA to have the defect. In early November, it was discovered that the wiring issue that caused the issue with the Tucson vehicle may also have impacted Santa Cruz vehicles. This prompted a review from the North America Safety Decision Authority on Nov. 13 and a recall of the vehicles.

Organizations: Hyundai, Angeles Auto, Los Angeles Convention Center, North America, National, Traffic Safety Administration, Santa Cruz, NHTSA, Tucson, American Safety Office, North America Safety Locations: Los Angeles , California, Santa, Hyundai Tucson, Santa Cruz, Tucson, U.S

☆ How tech bros bought 'America's most pro-crypto Congress ever'
▼ + stars: | 2024-11-23 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +12 min

Bernie Moreno, Republican U.S. Senate candidate from Ohio, attends a campaign event in Holland, Ohio, on Saturday, October 26, 2024. In total, crypto-related PACs and other groups tied to the industry reeled in over $245 million, according to Federal Election Commission data. Crypto accounted for nearly half of all corporate dollars that flowed into the election, according to nonprofit watchdog Public Citizen. It was one of the top spending committees of any industry this cycle and exclusively gave to pro-crypto candidates running for Congress. "Welcome to America's most pro-crypto Congress ever," Armstrong wrote on X on Nov. 5.

Persons: Bernie Moreno, Moreno, Sen, Sherrod Brown, Tom Williams, Donald Trump, Coinbase, Crypto, Marc Andreessen, Ben Horowitz, David Sacks, " Moreno, Brian Armstrong, Fred Ehrsam, Faryar Shirzad, Armstrong, Ehrsam, Coinbase's Armstrong, Gary Gensler, Brown, Elizabeth Warren, FTX, Fairshake, gunning, Republican Jim Justice, Democratic Sen, Joe Manchin, Katie Porter, Porter, he'd, Horowitz, Sacks, Coinbase's Shirzad, Moreno wasn't, Shirzad, David McIntosh, McIntosh, hasn't, JD Vance's, Sam Bankman, Gensler, Andreessen Horowitz, Cameron, Tyler Winklevoss, Ripple, Chris Larsen, JD Vance, Paul Grewal, Jesse Powell, Trump, Phil Potter, Multicoin Capital's Kyle Samani, Fred Wilson, Charles Cascarilla, Mike Belshe, Solana, Anatoly Yakovenko, Wences Casares Organizations: Republican U.S, Cq, Inc, Getty, Democratic, Banking Committee, Public Citizen, Crypto, House, Securities and Exchange Commission, SEC, Senate, Committee, Republicans, Protect, Fairshake, Defend, Jobs, Republican, New, CNBC, Andreessen, Craft Ventures, Club for Growth, Growth, Politico, PAC, Labs, Senate Inc, Trump, Union Square Ventures, Xapo Bank Locations: Republican, Ohio, Holland , Ohio, Cleveland, Coinbase, U.S, Arizona, Michigan, West Virginia, California, Washington, FTX, Nashville , Tennessee

☆ Trump’s Labor secretary pick is surprisingly pro-union. It doesn’t mean his administration will be
▼ + stars: | 2024-11-23 | by ( Chris Isidore | ) edition.cnn.com time to read: +9 min

New York CNN —This week ended with President-elect Donald Trump nominating one of the most pro-union Republican members of Congress to be his secretary of Labor. Trump support growing among unionsTrump received more support from rank-and-file union members in this election than he had in past elections. “Now he is threatening to take the unprecedented action of removing current pro-worker NLRB members in the middle of their term, replacing them with his corporate friends. Nearly half of the nation’s union members work for different units of government, not companies. Many of the public-sector bargaining rights are not set at the national level, but at the state level, where most public-sector employees and union members work.

Persons: Donald Trump, Elon Musk, shouldn’t, Lori Chavez, DeRemer, “ Lori Chavez, “, United States —, Chavez, Biden, Kamala Harris, Joe Biden, Harris, It’s, Mitt Romney, Sean O’Brien, Trump, O’Brien, Becky Pringle, Pringle, Donald Trump’s, ”, ” Pringle, ” Jody Calemine, Calemine, Jennifer Abruzzo, Musk, he’s, Todd Vachon, ” Vachon, “ I’m, ” “, “ Trump Organizations: New, New York CNN, Republican, Labor, National Labor Relations Board, Labor Department, AFL, United, Trump, CNN, United Auto Workers, Teamsters, Convention, National Education Association, NLRB, Biden, SpaceX, Occupational Health, Safety Administration, Musk, Tesla, UAW, Labor Education Action Research Network, Rutgers, National Employment Law, Competitive Enterprise Institute Locations: New York, United States, unionize

☆ Activist Ananym has a list of suggestions for Henry Schein. How the firm can help improve profits
▼ + stars: | 2024-11-23 | by ( Kenneth Squire | ) www.cnbc.com time to read: +8 min

Henry Schein is a leading global distributor of health-care products and services primarily to office-based dental and medical practitioners. Health care distribution covers Henry Schein's distribution of dental and medical products, such as laboratory products, pharmaceuticals, vaccines, surgical products, dental specialty products and diagnostic tests. While Henry Schein has successfully carved into the office-based physician niche as the No. Henry Schein is a great company that has gotten sleepy and been allowed to coast when it could have been soaring. Several directors have been in their seats at Henry Schein for over a decade and the board lacks best-in-class distribution expertise.

Persons: Henry Schein, Charlie Penner, Alex Silver, Schein's, Henry Schein's, Patterson, Benco, Schein, Stanley Bergman, Ananym, Ken Squire Organizations: Ananym Capital Management, Jana Partners, P2 Capital Partners, Cardinal Health, 13D Locations: New York, EBITDA ., EBITDA

☆ I was proud to have an amicable $500 divorce. I didn't realize managing the finances of co-parenting would be much harder.
▼ + stars: | 2024-11-23 | by ( Kelly Burch | ) www.businessinsider.com time to read: +5 min

AdvertisementSheri Atwood was proud that she managed to divorce amicably for just $500. However, navigating co-parenting expenses with her ex eventually led to animosity. I felt we had dodged a bullet by having a cheap, amicable divorce despite having significant assets, including multiple homes and a boat. After the divorce, we started fighting about moneyAfter the divorce, I felt like we were constantly discussing — or arguing over — money. I realized everyone talks about an amicable divorce, but no one talks about what comes after that.

Persons: Sheri Atwood, Atwood, I'd, nannies, I've, It's Locations: Tijuana

☆ Meet 21 DC power players who shape federal policy for chip companies like Intel, Nvidia, and TSMC
▼ + stars: | 2024-11-23 | by ( Helen Li | ) www.businessinsider.com time to read: +3 min

AdvertisementThe CHIPS and Science Act, offering over $30 billion in incentives, spurred semiconductor lobbying. Related VideoAmerican manufacturers like Intel and Micron boosted their lobbying funding, while foreign companies like TSMC assembled their DC-based government relations teams in response. Business Insider reviewed lobbying public disclosure reports associated with various chip companies and focused on the top listed lobbyists and governmental affairs departments. Only three companies—Polar Semiconductor, Global Foundries, and TSMC—have finalized funding contracts out of 21 set to receive CHIPS Act grant funding. The spokesperson declined to comment on chip lobbying efforts and the specifics of individual CHIPS applicants.

Persons: TSMC, Chris Miller, Joe Biden's, Donald Trump, Joe Rogan, TSMC —, Lori Yue, Yue, Trump, Howard Lutnick, Cantor Fitzgerald Organizations: Nvidia, TSMC, Intel, Big Tech, Micron, AMD, Business, Polar Semiconductor, Global, of Commerce, Companies, Columbia Business School, The Locations: Washington, Washington ,, Taiwan

☆ Europe’s Leaders Seek Greater Unity to Counter Trump’s ‘America First’ Agenda
▼ + stars: | 2024-11-23 | by ( Liz Alderman | ) www.nytimes.com time to read: +1 min

For months, European business leaders have watched as Donald J. Trump paved a path back to the White House by doubling down on an “America First” economic policy, putting protectionism and business-friendly tax and regulatory pledges high on the agenda. With the U.S. presidential inauguration less than two months away, they are now furiously lobbying policymakers in Brussels with an appeal of their own: Put Europe First. Nothing has galvanized the European business community quite as urgently as the prospect of a second Trump presidency, this time with Mr. Trump wielding bolder promises to disrupt the global economic order in ways that threaten to leave Europe lagging even further behind. At a business conference in Paris this week, hundreds of corporate chiefs and lobby groups from France, Germany and Italy gathered to discuss just that. They described Mr. Trump’s election as a “wake-up call” for Europe to get its house in order — or face a painful economic fallout.

Persons: Donald J, Trump Organizations: U.S, Trump Locations: Brussels, Europe, Paris, France, Germany, Italy

Russia has fired about 60 North Korean KN-23 missiles at Ukraine this year, according to a Ukrainian defense official. These less-sophisticated missiles are part of North Korea’s growing support to Moscow, which also includes about 11,000 North Korean soldiers deployed to Russia’s Kursk region. Strikes using North Korean missiles have killed at least 28 people and injured 213 this year, the Ukrainian prosecutor general told CNN. Ukrainian investigators found evidence that crucial components used in the North Korean missiles are produced by at least nine Western manufacturers. There are more than 250 companies whose components have been identified in North Korean missiles, according to CAR.

Persons: “, Yuriy Ignat, Russia – “, ”, Andriy Kulchytskyi, Damien Spleeters, Victoria Vyshnivska, Vyshnivska, Danylo, Vladyslav Vlasiuk, Trump, Richard Blumenthal Organizations: Ukraine CNN —, CNN, Ukrainian Air Force, Korean, North Korean, Scientific Research, Forensic, Ukraine’s, Corruption, Military Research, Kyiv’s Scientific Research, Ukrainian Defense Intelligence, Research, Getty, US Commerce Department, “, US, Investigations, Defense Intelligence Locations: Kyiv, Ukraine, Ukraine CNN — Ukraine, Russia, North, Moscow, Russia’s Kursk, United States, Netherlands, United Kingdom, North Korea, Germany, Switzerland, Korean, US, China, Anadolu, Canada, Belarus, Western, Ukrainian, Russian, Iran

☆ Bluesky is growing so fast it's racing to get hold of more servers, its chief operating officer says
▼ + stars: | 2024-11-23 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +4 min

AdvertisementBluesky's user base surged to 21 million, prompting the company to race to get more servers. Its growth follows users leaving X, with over 280,000 closing their accounts on Election Day. Bluesky has "blown past" its user growth projections so much that it's racing to get more servers to keep the site running smoothly, the social media platform's chief operating officer has said. AdvertisementThe social media network has surpassed 21 million users, up from 13 million in October, as X users have left in droves and flocked to the platform. The US election appears to have triggered a migration of X users to Bluesky, which has been praised because of its similarity to the "old Twitter."

Persons: Rose Wang, Bluesky, Wang, Gordon MacMillan, X's, Elon Musk, Donald Trump, Jack Dorsey, Jay Gruber, Dorsey, Musk, Elon Organizations: Twitter, Wired

☆ Opinion | Flattery as Trump Management Strategy
▼ + stars: | 2024-11-23 | by ( Katherine Miller | ) www.nytimes.com time to read: +1 min

One of the things that has been clear with Donald Trump’s win this time is how different it is: no shock wave jolting society. This is, according to polling, one of the presidential election outcomes most widely accepted as legitimate of the past 25 years. On the public level, we’re back in business in some way, back to an earlier pre-Trump era of normal relations, strategic silence, public deference and an antiseptic corporate friendliness — a bit of flattery, at times, for Mr. Trump. Tim Cook, the Apple C.E.O., wrote on X on Nov. 6: “Congratulations President Trump on your victory! “We didn’t see eye-to-eye on a lot of issues and we told him so,” Joe Scarborough said.

Persons: Donald Trump’s, Trump, Biden, Tim Cook, ” Phil Murphy, he’ll, Joe ”, “, Joe Scarborough, ” Mika Brzezinski Organizations: Mr, Apple, Democratic New Locations: United States, Democratic New Jersey

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