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☆ Renters struggle to build wealth, report finds. Here’s how they can boost financial wellbeing
▼ + stars: | 2024-11-26 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +5 min

In 2022, the typical renter in the U.S. had a median net worth of $10,400, according to a new report by the Aspen Institute. Renters generally go through financial challenges like lower income, higher debt, fewer savings balances and lower rates of asset ownership, the report noted. Across income levels, renters are less likely than homeowners to own assets including cars, retirement accounts and securities, among others, the report found. Here are some of the financial challenges renter households face by income, according to the Aspen Institute, and ways they can build wealth. watch nowA hypothetical family in this category "first needs financial stability to meet the precondition for wealth building," the Aspen report notes.

Persons: That's, Janneke Ratcliffe, Ratcliffe, Clifford Cornell, Cornell, Shaun Williams, Williams Organizations: Aspen Institute, Finance, Urban Institute, Paragon Capital Management Locations: U.S, Washington ,, New York City, Denver

☆ Wall Street is bullish on sports investing as major leagues' values outpace the S&P 500 by up to 5 times. Here's the strategy and sectors top firms are betting on.
▼ + stars: | 2024-11-26 | by ( Laila Maidan | ) www.businessinsider.com time to read: +5 min

AdvertisementFormula 1 kicked off the trend in 2006 after allowing private equity firm CVC Capital Partners to purchase it. Then, in 2021, the NBA allowed private equity to own up to 20% of franchises. For example, the value of Major League Soccer (MLS) was up by 1,565%, or almost five times the index. "You've seen many large private equity firms participating in that space over the past five years or longer, and that certainly has seen significant valuation growth. Below is a table from JPMorgan's 2025 outlook report showing private equity funds planned investment themes.

Persons: David Tepper, Steve Cohen, Jay Serpe, Ted Yarbrough, Serpe, You've, JP Morgan, Yarbrough Organizations: Sports, Carolina Panthers, New York Mets, Capital Partners, NBA, JPMorgan Private Bank, Major League Soccer

☆ Why green investments have become the last line of defense for Biden’s climate agenda
▼ + stars: | 2024-11-26 | by ( Ronald Brownstein | ) edition.cnn.com time to read: +20 min

CNN —Can the green shoots of clean energy break through the “brown blockade”? Those huge current and planned investments in new manufacturing plants may represent the sole opportunity to preserve any elements of Biden’s blueprint for growing the domestic clean energy industry. Republican districts are slated to receive an equally large share of another $435 billion in clean energy projects that have been announced but not yet built, the analysis found. The US reliance on the fossil fuels driving climate change has been declining for years, but only at a modest pace. Yet interrupting that transition by repealing the federal policies benefiting clean energy remains a dangerous gamble.

Persons: Donald Trump, Trump, Joe Biden’s, Biden –, ”, Lori Lodes, ‘, I’ve, Trump’s, Tammy Baldwin, John Fetterman, Kamala Harris, Chris Wright, ’, Lee Zeldin, Elizabeth Conley, “, Jason Walsh, ” Lodes, Robert McNally, George W, Bush, McNally, Walsh, ” Walsh, Joseph Shapiro, Shapiro, EVs, Ben King, King, ” King, ” Shapiro Organizations: CNN, GOP, Republican, Climate Power, Trump, federal Energy Information Administration, Senate, Electoral College, Energy Information Administration, Democratic, Biden, ExxonMobil, Environmental Protection Agency, “, Massachusetts Institute of Technology, Rosendin, Houston Chronicle, Power, BlueGreen Alliance, Republicans, Hyundai, Bloomberg, Getty, University of California Locations: America, United States, Wyoming , Louisiana, North Dakota, West Virginia, Alaska , Montana , Oklahoma, Texas, Iowa, Nebraska, Kansas, Ohio, Indiana , Michigan, Wisconsin, Massachusetts, New York, Virginia, Maryland, Washington , Oregon, California, West Virginia , Montana and Ohio, Pennsylvania, New Mexico, Michigan, – Michigan, Washington, Liverpool , Texas, Georgia, Ellabell , Georgia, Berkeley

U.S. President-elect Donald Trump at a viewing of a test-flight launch of the SpaceX Starship rocket in Brownsville, Texas, Nov. 19, 2024. Brandon Bell | Getty Images News | Getty ImagesAs Inauguration Day nears, investors are trying to unravel what booms or busts lay ahead under President-elect Donald Trump. Yet the energy sector climbed 22.9% under Biden as of Nov. 19, despite the administration's push for renewables and sustainability. As president, Trump is expected to embrace crypto more than any of his predecessors. When Biden won in 2020, there was a lot of panic about the outlook for energy, oil and gas.

Persons: Donald Trump, Brandon Bell, Jeremy Goldberg, Goldberg, Larry Adam, Raymond James, Trump, Adam, Biden, Monty Rakusen, John Murphy, Murphy, Callie Cox, Cox, Greg Iacurci Banks, Jamie Dimon, Andrew Harrer, Brian Spinelli, Halbert Hargrove, Spinelli, David Rea, Lorie Konish, Bill Varie, —, — Greg Iacurci Crypto, Kevin Wurm, Matt Apkarian, Apkarian, Christina Lynn, there's, Lynn, — Lorie Konish, Cooper Neill, Joe Biden, Mike Cerasoli, Cerasoli, you'll, — Lorie, Images Trump, Robert F, Kennedy Jr, bode, David Weinstein, Weinstein, Chris Unger, Charles, Vivek Ramaswamy, Greg Iacurci, Thomas Barwick, Ted Decker, Decker, TJ Maxx, Lorraine Hutchinson, — Greg Iacurci, Donald J Organizations: SpaceX, Getty, Trump, Professional Advisory Services, Digitalvision, EV, Biden, Bank of America Securities, Ford, Ritholtz Wealth Management, U.S . Federal, JPMorgan Chase &, White, Bloomberg, CNBC, Salem Investment, Bank, — Greg Iacurci Crypto Republican, Reuters, bitcoin, Liberty Financial, Cerulli Associates, Mariner Wealth, — Lorie Konish Energy, Double Eagle Energy Holdings LLC, Eagle Global Advisors, Images, Department of Health, Human Services, RFK, U.S . Senate, Merck, Pfizer, Dana Investment, Affordable, Publicly, HCA Healthcare, UFC, Madison, Garden, Ufc, Medical, Charles River Laboratories, Food and Drug Administration, of Government, Retailers, Walmart, Marshalls, Google, Twitter, Trump National Golf Club, Washington Post Locations: Brownsville , Texas, California, U.S, Iran, Venezuela, Washington, Long Beach, Calif, Salem, Winston, Salem , North Carolina, Ritholtz, Nashville , Tennessee, cryptocurrency, Lynn, Midland , Texas, Houston, New York, China, North America, HomeGoods, Bedminster , NJ, Jabin

Greg Abbott challenged President Joe Biden at almost every turn on the handling of the US southern border, as the state grappled with multiple border surges. Abbott described the upcoming border actions as a coordinated effort between border states and Washington. Texas officials and federal officials have historically worked together on the US-Mexico border. Texas state officials tout the work of their operation, arguing it served as a deterrent, and federal officials cite Biden’s executive action that levied harsher consequences for border crossers. “Texas has really been a lab for how mass round-ups of immigrants would work and how you can practically do it,” said Kristin Etter, the director of policy and legal Services at the Texas Immigration Law Council.

Persons: Greg Abbott, Joe Biden, Abbott, “ We’re, ” Abbott, Fox News ’ “ Hannity, ”, Donald Trump’s, “ We’ve, Trump, —, Michael Banks —, Tom Homan, Banks, Biden, Brad Coe, he’s, “, Coe, who’ve, Tom Schmerber, Schmerber, I’d, dueled, –, Kristin Etter Organizations: CNN, Trump, Texas Gov, Lone Star, Democratic, Fox News, Biden White, Customs, Abbott, Texas National Guard, Texas Department of Public Safety, Fox Business, National Guard, Homeland Security, Texas, Operation Lone Star, Republican, Maverick, Democrat, Department of Homeland Security, Biden Justice, Justice Department, Circuit, Texas Immigration Law Council Locations: Texas, Rio, But Texas, — Texas, Mexico, Washington, Kinney County, Maverick, Maverick County, Rio Grande, El Paso, “ Texas

OpenAI is allowing employees to sell roughly $1.5 billion worth of shares in a new tender offer to SoftBank, CNBC has learned. Employees will have until Dec. 24 to decide if they want to participate in the new tender offer, which has not previously been reported, one of the people said. The tender offer is not related to OpenAI's potential plans to restructure the firm to a for-profit business, one of the people said. The OpenAI investment matches SoftBank's eagerness to deploy cash, with a capital-intensive business model, a person close to Son told CNBC. The company also received a $4 billion revolving line of credit, bringing its total liquidity to more than $10 billion.

Persons: Masayoshi Son, OpenAI, SoftBank, Son Organizations: CNBC, Employees, Apple, Qualcomm, SoftBank's, Microsoft, Nvidia

☆ Scott Bessent Helped ‘Break’ the Bank of England. Now He’ll Run the U.S. Treasury.
▼ + stars: | 2024-11-26 | by ( Maureen Farrell | ) www.nytimes.com time to read: +1 min

Three decades before he was tapped to lead the Treasury Department, Scott Bessent was asked to help break another country’s financial system. Then 29 years old, Mr. Bessent, working for the financier George Soros, helped “break” the Bank of England with crushing trades against the British pound. He was on a small team at Mr. Soros’s investment firm that, in 1992, amassed a $10 billion bet that the pound was overvalued. Mr. Soros’s fund earned more than $1 billion, along with credit (and infamy) for orchestrating one of Wall Street’s most audacious trades. When President-elect Donald J. Trump announced his selection of Mr. Bessent as Treasury secretary last week, there was no mention of the connection to Mr. Soros.

Persons: Scott Bessent, Bessent, George Soros, Donald J, Trump, Soros Organizations: Treasury Department, Bank of England, Mr Locations: British

☆ Proposed law aims to help Americans save more for retirement—but could end up hurting Gen Z, millennial workers
▼ + stars: | 2024-11-26 | by ( Ryan Ermey | ) www.cnbc.com time to read: +3 min

The bipartisan legislation, introduced to Congress in 2023, would create a federal workplace retirement account for workers, similar to a 401(k). Such a plan would undoubtedly improve outcomes for those who wouldn't have otherwise have access to workplace retirement accounts, a recent study from Morningstar finds. Matching tax credit: Workers under a certain salary threshold would be eligible for a "match" in the form of a federal tax credit. Workers under a certain salary threshold would be eligible for a "match" in the form of a federal tax credit. "A lot of people would think of this federal plan as their [only] plan," he says.

Persons: Uncle Sam, Spencer Look, there'd Organizations: Savings, Morningstar, Workers

Learn moreVPN deals often come with some of the most competitive Black Friday sales each year, and the 2024 ExpressVPN Black Friday deals are no exception. Subscribers can get a one-year plan for $99.95 or a two-year plan for $149.70. This ExpressVPN deal will be available until December 6, but ExpressVPN isn't the only service offering impressive Black Friday savings opportunities. ExpressVPN Black Friday dealsExpressVPN One Year Plan (w/ 4 Extra Months Free) $99.95 $207.20 Save 52% ExpressVPN's one-year plan offers major discounts plus an extra four months free. View at ExpressVPNExpressVPN Two Year Plan (w/ 6 Extra Months Free) $149.70 $388.50 Save 61% ExpressVPN's two-year plan offers even more savings than its one-year counterpart, including six months free.

Persons: ExpressVPN, There's, VPNs, You'll Organizations: Business, Theft Insurance

Some parents fear their kids will waste money, sink into debt, and never move out. The financial planner tells parents to foster independence in their kids even if it's uncomfortable. AdvertisementMark Berg, who founded Timothy Financial Counsel in 2000, says there are steps parents can take to avoid that fate. AdvertisementLimiting spending money also teaches kids about opportunity cost, reinforcing the idea that money is scarce and there are constraints on what they can afford. The veteran financial planner suggested parents be up front with their kids about how much they can contribute to their college funds.

Persons: Mark Berg, —, Berg, they're, " Berg Organizations: Service

Jack Smith arrived in Washington almost two years ago with expectations that his assignment to investigate Donald J. Trump would be profoundly consequential. Mr. Smith filed two federal indictments against Mr. Trump, the first ever against a former president. The Justice Department has a longstanding policy against prosecuting a sitting president. The legacy of Mr. Smith’s investigation is shaping up to be a complex one. And for all Mr. Smith’s efforts to avoid having his work enmeshed in politics, Mr. Trump essentially put the voters between himself and federal prosecutors.

Persons: Jack Smith, Donald J, Trump, Smith, Trump’s Organizations: Mr, The, Department, Justice Department Locations: Washington

☆ My girlfriend and I spent 12 days in Morocco at 5-star hotels. The trip was worth thousands, but I only spent $250 out of pocket.
▼ + stars: | 2024-11-26 | by ( Reggie Lamptey | ) www.businessinsider.com time to read: +4 min

AdvertisementI took my girlfriend on a luxury trip to Morocco but only had to pay $250 out of pocket. Booking our business-class flights was so gratifyingWe flew business class on Royal Air Maroc. I took to the private points and miles group I'm in from my Tricks to Travel class to ask if anyone had been to Morocco recently. Several people told me to book business class on Royal Air Maroc, so I started searching for flights. AdvertisementMy girlfriend had never flown business class before, so I was especially excited to surprise her with this.

Persons: she'd, Reggie Lamptey, Reggie Lamptey Hilton, Marriott Organizations: Royal Air Maroc, Hilton Tangier Al, Reggie Lamptey Hilton Tangier Al, Honors, Marriott Locations: Morocco, Marrakesh, Tangier, Hilton Tangier Al Houara, Reggie Lamptey Hilton Tangier Al Houara

☆ The 10 U.S. states with the highest average credit scores
▼ + stars: | 2024-11-26 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

For the third year in a row, Minnesota residents have the highest credit scores in the U.S. with an average VantageScore credit score of 726, a recent report from WalletHub finds. Mississippi residents have the lowest average credit score of 672, but despite the 54-point difference, both the highest and lowest average scores qualify as "good," according to VantageScore's model. For one, Minnesotans carry relatively low average credit card balances, compared with the rest of the U.S., Bankrate reports. Your credit utilization rate is the amount of available credit you use at a given time. Here's a look at the average credit score in every state.

Locations: Minnesota, U.S, Mississippi, , Minnesota

The developers would only need to reveal the training material that is “sufficient to identify with certainty” whether the copyright holder’s works were used. Failing to comply would create a legal assumption — until proven otherwise — that the AI developer did indeed use the copyrighted work. Sen. Peter Welch, D-Vt., who introduced the bill Thursday, said the country must “set a higher standard for transparency” as AI continues to integrate itself into Americans’ lives. “We need to give America’s musicians, artists, and creators a tool to find out when A.I. Companies that rely on human creative labor have tried to take on AI developers as well.

Persons: Sen, Peter Welch, ’, ” Welch, don’t, Oscar, Julianne Moore, James Patterson, Radiohead’s Thom Yorke —, Welch, Recording Academy — Organizations: Artificial Intelligence Networks, New York Times, Street Journal, Screen, American Federation of Television, Radio Artists, American Federation of Musicians, Recording Academy, Universal Music Group, Warner Music Group, Sony Music Locations: deepfakes, California

☆ 5 Democratic assumptions shattered by the 2024 election: From the Politics Desk
▼ + stars: | 2024-11-25 | by ( The Politics Desk | ) www.nbcnews.com time to read: +11 min

In today’s edition, senior politics reporter Alex Seitz-Wald breaks down the long-standing Democratic truisms that were challenged by the results of the 2024 elections. Here are five of the party’s core assumptions that have been challenged by the 2024 election outcome:1. Higher turnout benefits Democrats: Democrats have long taken for granted a simple truism: The more people who vote, the better for Democrats. NBC News exit polls show Trump won voters without college degrees 56%-42%, while he narrowly won voters with family incomes of $30,000 to $100,000 annually. But Trump won both the Electoral College and popular vote this year as Harris’ performance fell in those Democratic bastions.

Persons: Alex Seitz, Wald, Jack Smith, Donald Trump, Trump, Kamala Harris, Hillary Clinton, Barack Obama, Harris, Ryan J, Reilly, Ken Dilanian, Tanya Chutkan, Joe Biden, Richard Nixon, ️, ric S, ustice, ick,, Rea, lea Organizations: NBC, White House, Capitol, Democratic, Wald Democrats, Republicans, GOP, Trump, White, Republican, Electoral, Electoral College, U.S Capitol, Justice Locations: Philadelphia, Detroit, Boston, San Francisco , Los Angeles County, Cook County, Loudoun County , Virginia, Dearborn , Michigan, Lawrence , Massachusetts, Texas, Mexico, Manhattan, California, New York, Wyoming, U.S, Miami, Florida, United States

☆ The auto industry is pulling back on its 'capital junkie' tendencies after unprecedented spending on EVs, self-driving
▼ + stars: | 2024-11-25 | by ( Michael Wayland | ) www.nbcnews.com time to read: +12 min

It’s a “capital junkie” that’s been on a yearslong binge of unprecedented spending on all-electric and autonomous vehicles. Capital junkieThe latest cost-cutting cycle comes nearly a decade after an infamous Wall Street presentation by late-Fiat Chrysler CEO Sergio Marchionne called “Confessions of a Capital Junkie.” The April 2015 report highlighted the industry’s massive capital spending on overlapping or niche products that Marchionne was convinced could be solved through consolidation and shared capital spending. That’s shareholder money.”Most capital spending by automakers isn’t wasted, but the industry isn’t as efficient as other sectors, with minimal return on invested capital. While losing ground in China, GM has been among the most aggressive in spending on EVs and self-driving vehicles. GM and Hyundai this summer entered into an agreement to explore “future collaboration across key strategic areas” in an effort to reduce capital spending and increase efficiencies.

Persons: ” that’s, bender, ” Morgan Stanley, Adam Jonas, It’s, Sergio Marchionne, Marchionne, ” Jonas, Sergio, Joe Hinrichs, ”, Hinrichs, isn’t, “ We’ve, Rebecca Evans, Roland Berger, “, Ford, Peter Rawlinson, “ We’re, Oliver Blume, ” Blume, Paul Jacobson, ” Jacobson, Rivian, ” Marchionne, don’t, codevelop, Stellantis, —, Carlos Tavares, Bernstein, Daniel Roeska, Tavares, ” Tavares Organizations: DETROIT, General Motors, Ford, Nissan Motor, Volkswagen Group, Chrysler, Companies, Research, GM, Volkswagen, Toyota Motor, Fiat, Rivian, Lucid, Fiat Chrysler, Rivian Automotive, Hyundai Motor, Toyota, CSX, ”, Rehab, Nissan, EV, CNBC, VW, Reuters, Honda, BMW, SAIC, Barclays, Saudi, Public Investment Fund, Hyundai, Detroit, French, PSA Groupe, PSA, “ Locations: Detroit, Japan, Germany, That’s, Europe, China, U.S, North America

☆ California Gov. Gavin Newsom says state will provide rebates if Trump removes tax credit for electric vehicles
▼ + stars: | 2024-11-25 | 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

Gavin Newsom said the state will provide rebates to residents if President-elect Donald Trump's incoming administration does away with a federal tax credit for electric vehicles. "We will intervene if the Trump Administration eliminates the federal tax credit, doubling down on our commitment to clean air and green jobs in California," Newsom said. The federal rebates on new and used electric vehicles were implemented in the Inflation Reduction Act that President Joe Biden signed into law in 2022. Those potential changes could limit the federal rebates, including by reducing the amount of money available or limiting who is eligible. This isn't the first time California will be taking action against the Trump's administration concerning clean transportation legislation.

Persons: Gavin Newsom, Donald, Newsom, Joe Biden Organizations: Trump Administration, Ford, General Motors, Trump, Associated Press, Los Angeles Times Locations: California, United States

President-elect Donald Trump speaks at an America First Policy Institute gala at his residence Mar-a-Lago in Palm Beach, Fla.Credit... Haiyun Jiang for The New York Times

Persons: Donald Trump, Haiyun Jiang Organizations: Mar, Fla ., The New York Locations: Palm Beach, Fla, Fla . Credit

☆ The auto industry is pulling back on its ‘capital junkie’ tendencies after unprecedented spending on EVs, self-driving
▼ + stars: | 2024-11-25 | by ( Michael Wayland | ) www.cnbc.com time to read: +13 min

It's a "capital junkie" that's been on a yearslong binge of unprecedented spending on all-electric and autonomous vehicles. The April 2015 report highlighted the industry's massive capital spending on overlapping or niche products that Marchionne was convinced could be solved through consolidation and shared capital spending. Most capital spending by automakers isn't wasted, but the industry isn't as efficient as other sectors, with minimal return on invested capital. Stock Chart Icon Stock chart icon Stocks of GM, Ford and Chrysler parent Stellantis in 2024. Courtesy: Business WireGM and Hyundai this summer entered into an agreement to explore "future collaboration across key strategic areas" in an effort to reduce capital spending and increase efficiencies.

Persons: bender, Morgan Stanley, Adam Jonas, It's, Sergio Marchionne, Marchionne, Sergio Marchionne Brendan McDermid, Jonas, Joe Hinrichs, isn't, We've, Rebecca Evans, Roland Berger, Ford, Peter Rawlinson, Andrew Kelly, Oliver Blume, Blume, Paul Jacobson, Jacobson, Rivian, RJ Scaringe, Mary Barra, Euisun Chung, codevelop, Stellantis, —, Carlos Tavares, Oliver Bunic Organizations: General Motors, Ford, Nissan Motor, Volkswagen Group, Chrysler, Companies, Research, GM, Volkswagen, Toyota Motor, Fiat, Rivian, Lucid, Fiat Chrysler, Reuters, Rivian Automotive, Hyundai Motor, Toyota, CSX Corp, Rehab, Nissan, CNBC, Lucid Motors, Nasdaq, Churchill Capital Corp, Reuters Volkswagen, VW, Honda, BMW, SAIC, Barclays, Saudi, Public Investment Fund, Hyundai, Detroit, French, PSA Groupe, Stellantis NV, Bloomberg, Getty Locations: Casa Grande , Arizona, Detroit, Japan, Germany, That's, New York City , New York, Europe, China, U.S, Kragujevac, Serbia

☆ Can Saudi Arabia keep pace with its ambitious mega-project spending spree?
▼ + stars: | 2024-11-25 | by ( Natasha Turak | ) www.cnbc.com time to read: +6 min

Digital render of NEOM's The Line project in Saudi Arabia The Line, NEOMIn Saudi Arabia's northwestern desert, a sprawling construction site replete with cranes and pile drivers sits encircled by a recently-built road. The changes come as the Saudi deficit grows and the outlook for oil demand, along with global oil prices, sees sustained lows. Construction for The Line project in Saudi Arabia's NEOM, October 2024 Giles Pendleton, The Line at NEOMThat begs the question: does Saudi Arabia have enough money to meet its lofty goals? Saudi Arabia has poured tens of billions into projects that have yet to hint of any financial returns." Saudi Arabia has an A/A-1 credit rating with a positive outlook from S&P Global Ratings and an A+ rating with a stable outlook from Fitch.

Persons: Prince Mohammed bin Salman, Saudi Arabia's NEOM, Giles Pendleton, Andrew Leber, Leber, Mohammed Al, Jadaan Organizations: Saudi, Public Investment Fund, CNBC, Tulane University, Saudi Finance, Fitch, —, P Global, Al Locations: Saudi Arabia, NEOM, Saudi, Neom, Saudi Arabia's, Riyadh

☆ Trump has been tough on EVs. Now Elon Musk is his best friend and nobody knows how it'll play out.
▼ + stars: | 2024-11-25 | by ( Nora Naughton | ) www.businessinsider.com time to read: +4 min

AdvertisementTrump has been hard on EVs, but a new friendship with Elon Musk could change things. So far, Musk supports Trump's plans to dismantle EV tax credits. Automakers had hoped that Musk would support EV regulations and tax credits, but it appears the CEO is siding with Trump for now. An industry group representing many automakers (but not Tesla) pleaded with Trump to preserve EV tax credits but reconsider some of the more stringent emissions regulations. This was an about-face from Musk's stance a few months earlier when he advocated for trade barriers and warned that Chinese EV companies would "demolish" competition without guardrails.

Persons: Elon, Donald Trump, Elon Musk, Trump, he's, Trump's, Musk, Tesla Organizations: Trump, Biden, Government, Trump's, EV, Tesla, Twitter, US, Alliance, Automotive Innovation, Biden Administration Locations: Lago, China, Europe

☆ UAE Arrests 3 in Connection With Murder of Israeli Rabbi
▼ + stars: | 2024-11-25 | by ( Ismaeel Naar | More About Ismaeel Naar | ) www.nytimes.com time to read: +1 min

The United Arab Emirates on Monday announced the arrests of three Uzbek nationals in connection with the kidnapping and murder of an Israeli-Moldovan rabbi, an attack that raised alarm over the safety of the small Jewish community in the country. A statement from the U.A.E.’s interior ministry named the suspects in the abduction and death of Zvi Kogan as Olimboy Tohirovich, Makhmudjon Abdurakhim, both 28, and Azizbek Kamilovich, 33. and included photos of them blindfolded and handcuffed. Emirati authorities said they were still working to uncover the circumstances and motives of the crime. Israeli Prime Minister Benjamin Netanyahu called the murder “an abhorrent antisemitic terrorist attack.”Image Zvi Kogan, an Israeli-Moldovan rabbi whose body was found on Sunday, was part of the small Jewish community in the United Arab Emirates. Israeli news outlets have reported that his car was found abandoned in Al Ain, a city in the adjacent emirate of Abu Dhabi, on the border with Oman.

Persons: Zvi Kogan, Olimboy, Makhmudjon Abdurakhim, Azizbek Kamilovich, Benjamin Netanyahu, Rabbi Kogan Organizations: United, United Arab Emirates, Monday, Moldovan, Credit, UGC Locations: United Arab, Israeli, Dubai, Al Ain, Abu Dhabi, Oman

☆ Walmart rolls back DEI programs after right-wing backlash
▼ + stars: | 2024-11-25 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +2 min

New York CNN —Walmart, the largest private employer in the United States, will curb some diversity, equity and inclusion (DEI) efforts. It’s the latest company to backtrack on diversity initiatives in the face of right-wing pressure. The company said Monday it is ending racial equity training programs for staff and evaluating programs designed to increase supplier diversity. “We are willing to change alongside our associates and customers who represent all of America,” Walmart said in a statement. Walmart joins Harley-Davidson, Tractor Supply Co., John Deere and other companies in revising or pulling back on their DEI programs, support for Pride marches and LGBTQ events, strategies to slow climate change and other social policies.

Persons: “ We’ve, Robby Starbuck, ” Starbuck, Starbuck, Davidson, John Deere Organizations: New, New York CNN, Walmart, for Racial Equity, Harley, Tractor Supply, Pride Locations: New York, United States, America, Hollywood

☆ Credit Agricole, Standard Charted and more could follow UniCredit's deal-making spree, JPMorgan says
▼ + stars: | 2024-11-25 | 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 EmailCredit Agricole, Standard Charted and more could follow UniCredit's deal-making spree, JPMorgan saysItalian lender UniCredit on Monday offered to snap up its domestic rival Banco BPM for roughly 10 billion euros ($10.5 billion). Now, Kian Abouhossein, head of European bank equity research suggests that other European banks could also begin deal making.

Persons: UniCredit, Kian Abouhossein Organizations: Credit, JPMorgan, Banco

☆ At 19, he dropped out of college—at 42, he's a bestseller: 'My last novel just debuted at No. 1 on the New York Times'
▼ + stars: | 2024-11-25 | by ( Gili Malinsky | ) www.cnbc.com time to read: +6 min

Klune attended community college for one semester, then got a job working as a claims adjuster at Geico in 2006. I will never be the world's best author, and I don't want to be. I want to write books that have footnotes. I want to write books that have notes in the margins and little doodles and everything like that. And that is the best thing in the world.

Persons: TJ Klune, Klune, I'd, —, You've, I've, you've Organizations: New York Times, CNBC Locations: Oregon, Geico, Verania, Virginia

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