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☆ Reflexive control: How Russia is forcing its enemies to make decisions against their own interests
▼ + stars: | 2024-11-28 | by ( Christian Edwards | ) edition.cnn.com time to read: +7 min

Each time, when the West finally accepted Ukraine’s requests, Russia’s most catastrophic threats did not materialize. Although Putin said the attack was “a response from our side” to the Biden administration’s decision on longer-range weapons, Russia has not needed a pretext for such strikes in the past. By providing Ukraine with ATACMS but only allowing it to strike parts of Ukraine occupied by Russia, “we sent Russia the message: ‘You know what? The decision to fire slightly longer-range Western weapons is a difference of degree, not of kind. By law, Russia considers these territories its own, and warned of dire consequences if Ukraine targeted them with Western weaponry.

Persons: Vladimir Putin, Kyiv’s, Biden, Putin, Kateryna, ” Stepanenko, Alina Smutko, –, “, ”, William Alberque, ” Alberque, “ I’m, couldn’t, Ukraine can’t, Radek Sikorski, Roman Pilipey, ATACMS, Joe Biden, Alberque, Donald Trump, they’re Organizations: CNN, Institute for, Russia, Korean, Kremlin, Army Tactical Missile Systems, NATO’s, Disarmament, Proliferation, Poland’s, Russia –, Kyiv, NATO Locations: Russian, Ukraine, Russia, Kyiv, Russia's, “ Russia, AFP, Crimea, Washington, Ukraine’s, Kharkiv, Albuquerque, United States

☆ CNBC's Inside India newsletter: The causes and costs of India's brain drain
▼ + stars: | 2024-11-28 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +10 min

(Photo by Sanchit Khanna/Hindustan Times via Getty Images)This report is from this week's CNBC's "Inside India" newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Raj is looking for jobs outside India and says he is "willing to go anywhere and do anything." "My parents took a [1.9 million Indian rupee] ($22,491) loan for my degree, so I studied hard and interned to find a well-paying job quickly," the 27-year-old, told CNBC's Inside India. Speaking to CNBC's Inside India, Ghosh — a professor formerly at India's Jawaharlal Nehru University and currently at the University of Massachusetts Amherst — noted "there is definitely a jobs crisis in India." This shift in perspective has translated to "brain drain," being considered as a "term from the last century," Sunaina Kumar, a senior fellow at think tank the Observer Research Foundation (ORF), told CNBC's Inside India.

Persons: Sanchit Khanna, Raj, Keshav Raj, Anurag Sinha, Sinha, aspirational, Jayati Ghosh, Ghosh —, University of Massachusetts Amherst —, They've, Ghosh, Sundar Pichai, Satya Nadella, Leena Nair, Subrahmanyam Jaishankar, Sunaina Kumar, Kumar, ORF's Kumar, foundit's Sinha Organizations: Hindustan Times, Getty, ., SRM Institute of Science & Technology, United Arab, India, India's Jawaharlal Nehru University, University of Massachusetts Amherst, International Labour Organization, UN, Microsoft, Institute of South Asian Studies, National University of Singapore, Observer Research Foundation, Bank, South Locations: DELHI, INDIA, Anand, New Delhi, India, Indonesia, Tamil Nadu, Canada, Australia, United Arab Emirates, U.S, Europe, Indian

☆ Chip-supplier stocks jump as the US weighs up fresh China sanctions
▼ + stars: | 2024-11-28 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Targeting Chinese chip equipment makers could benefit European firms such as ASML. The Biden administration is reported to be considering fresh sanctions against Chinese semiconductor equipment manufacturers, pushing up stocks of semiconductor suppliers in Europe and Japan. The suggested curbs would add an extra 100 Chinese chip equipment makers to the entity list, the outlet reported. AdvertisementAs part of the sweeping sanctions, the US could add 200 Chinese chip firms to its trade blacklist, Wired reported. American chip equipment makers and allies such as Japan and the Netherlands reportedly pushed back against earlier proposals.

Persons: Biden, SMIC, Jim Reid, Mao Ning, US Department of Commerce didn't Organizations: Wired, Bloomberg, Tokyo, Huawei, CSI, Deutsche, US Department of Commerce, Business Locations: Europe, Japan, China, Shanghai, Netherlands

☆ Amazon is hedging its big bet on Anthropic with its own AI video model, report says
▼ + stars: | 2024-11-28 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +2 min

AdvertisementAmazon is developing a new AI model called Olympus for video analysis, The Information reported. Amazon-backed Anthropic has already launched its own multimodal model for images and videos. Amazon may have doubled down on its investment in Anthropic, but it also appears to be hedging its AI bets by developing its own model that can process images and video in addition to text. The tech giant's new model, code-named Olympus, could help customers search video archives for specific scenes, The Information reported. The development and launch of Olympus could reduce Amazon's dependency on Anthropic for multimodal AI, especially if the new video model becomes as a cheaper alternative.

Persons: Anthropic, chatbot Claude Organizations: Anthropic, Olympus, AWS, Web Service, Big Tech Locations: Anthropic

☆ I uprooted my life and moved across the world to teach at a Japanese high school. These are the 3 things I learned, and why I'd do it again.
▼ + stars: | 2024-11-28 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +7 min

AdvertisementNic Lim, a New Zealand author, uprooted his life in New Zealand to become a school teacher in Japan. AdvertisementYou may think you know Japan from the touristy photos people post on Instagram. I wanted to capture the feeling of the best days of one's high school life. Nic LimOf course, life in Japan wasn't perfect — no country is perfect — but I take the good with the bad. But I came out of it with beautiful memories of life in high school, too.

Persons: Nic Lim, I'd, I've, Yoshikawa Minami, didn't, blackboards, It's, Lim, Nic Lim I've, —, what's Organizations: Japan Exchange, Teaching Locations: New Zealand, Japan, Koshigaya, Saitama Prefecture, Saitama, Tokyo, Kyoto, Fukushima, Adatara, Lim's

Even though the sale doesn’t officially start until Nov. 29, some of the best early Black Friday deals are already live. Below, I rounded up the best early Black Friday deals so far, each of which is highly rated and at least 20% off. SKIP AHEAD Best early Black Friday deals | More early Black Friday sales | How I picked the best early Black Friday deals | Why trust NBC Select? The best early Black Friday deals of 2024I found, vetted and wrote about every deal I recommend below. The best early Black Friday salesHere are the best early Black Friday sales to know about.

Persons: I’ve, “, ”, Rebecca Rodriguez, Rodriguez, It's, It’s, Josh Rios, Lemon, Harry Rabinowitz, Jenni Kayne, Billie, Olive, Jones, TikTok Organizations: NBC, Alexa, Amazon, Garmin, beechwood, Walmart, JCPenney, Adidas, Google, Samsung, Casper, Wellness, Facebook, Twitter Locations: carabiner, Samsonite, grippy

The most hectic travel days of the year are approaching, with the TSA expecting what may be the busiest Thanksgiving travel period on record. Those flying with food to bring to their Thanksgiving feast should know in advance which holiday favorites are permitted on flights. Frozen goods are permitted on flights, as are ice packs, but they must be frozen solid while going through security checkpoints. TSA also urges travelers to properly store their food to prevent foodborne illness. Here’s a list of Thanksgiving dishes that can fly with travelers as carry-ons and dishes that should be safely stored in checked luggage.

Persons: you’re Organizations: TSA, Transportation, Facebook Locations: Turkey, Brussels

A U.S.-brokered ceasefire between Israel and Hezbollah takes effect. Winter weather is forecast for Thanksgiving. Ceasefire between Israel and Hezbollah takes effectA United States-brokered ceasefire between Israel and Lebanon’s Hezbollah militant group in Lebanon has taken effect a day after President Joe Biden announced the agreement. Meanwhile, the National Weather Service warns that a pair of weather systems were expecting to bring an “Arctic outbreak” across parts of the U.S. into the weekend. Here’s what else is in store for holiday weather and travel.

Persons: Joe Biden, Biden, “, Benjamin Netanyahu, Hassan Nasrallah, Israel —, Ronald Reagan, Roberto Schmidt, Donald Trump’s, Clinton, they’re, — they’re, they’ve, Jeffrey Gahler, ” Critics, Trump, Jack Smith’s, Susie Wiles, Guess, Hunter King, Tyler Hynes, Joshua Haines, Taylor Swift, Travis Kelce’s, Hallmark’s, Donna Kelce, — Angela Yang, Here’s, Elizabeth Robinson Organizations: NFL, Kansas City Chiefs, Lebanese, NBC, Israel Defense Forces, Ronald Reagan Washington National Airport, AFP, Getty, Newark Liberty International, FAA, National Weather Service, Rockies, Customs, ”, White, Sunshine State, Hallmark, Hallmark Media, Chiefs Locations: U.S, Israel, United States, Lebanon, Lebanese, inbox, Iran, Gaza, Tehran, Ronald Reagan Washington, Arlington , Virginia, Central, Southern California, Michigan, New York City, Harford County , Maryland, Trump’s, Trump

☆ Ukraine is relying on drones to hold back Russian advances. Troops on the frontline are fearing the worst
▼ + stars: | 2024-11-27 | by ( Nick Paton Walsh | ) edition.cnn.com time to read: +8 min

Pokrovsk, eastern Ukraine CNN —The Russian assault, caught in grainy feeds from multiple drones, is relentless and daily. Yet two vehicles make it to the treeline and drop off Russian troops to shelter in the scant winter foliage. Another scene involves a Ukrainian drone unit defending another village, mostly without infantry support, encircled by Russian troops. We constantly hear about it from intercepts, that they have replacements and rotations.”Kotia, a reconnaissance sniper from the 15th National Guard. The footage shows a local in an orange shirt, guiding advancing Russian troops to a basement where Ukrainian soldiers were hiding.

Persons: ”, Pokrovsk, Selydove, Donald Trump, “, Kashei, Kotia, ” Kotia, Vladimir Putin Organizations: Ukraine CNN, Aging, CNN, National Guard, 15th National Guard, Pokrovsk . CNN Troops, Trump, Pokrovsk Locations: Ukraine, Ukrainian, Pokrovsk, Russia, Selydove, Russian, Russia’s Kursk, Kurakhove, gunpoint, Geneva

☆ Mexico vows to retaliate with its own trade barriers, putting US joint ventures at risk
▼ + stars: | 2024-11-27 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +4 min

AdvertisementDonald Trump said he'd put in place 25% tariffs on Mexican imports on his first day back in the White House. Mexico's president said her country would retaliate, which she said would impact joint ventures. During a press conference on Tuesday, Sheinbaum said that "one tariff will be followed by another, and so on, until we put joint ventures at risk." Sheinbaum said, adding that tariffs "would trigger inflation and job losses in the US and Mexico." Meanwhile, President Sheinbaum said that "dialogue is the best path to achieve understanding, peace, and prosperity for our two countries."

Persons: Donald Trump, he'd, Claudia Sheinbaum Pardo, Trump, Sheinbaum, Gabriela Siller, Wendy Cutler, Derek Scissors, Scott Bessent Organizations: Biden, Motors, Ford Motor Company, Banco Base, Associated Press, Asia Society Policy Institute, Trump, American Enterprise Institute Locations: Mexico, Canada, China

☆ CNBC Daily Open: A new day, a new Trump policy for markets to digest
▼ + stars: | 2024-11-27 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Brandon Bell | Getty Images News | 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. What you need to know todayThe bottom lineEven before Trump enters the White House, investors are already living in his world. Upon Trump's election win, the so-called "Trump trade" has flourished, with risk assets in general on an upward trajectory. Posturing or not, it's likely Trump's proposed policies will sway the markets in the foreseeable future.

Persons: STLA, Donald Trump, Sen, Ted Cruz, Brandon Bell, Trump, Scott Bessent, Goldman Sachs's, Jan Hatzius, Gregory Daco, Jamie Cox, —, Sarah Min, Alex Harring, Samantha Subin Organizations: SpaceX, Getty, CNBC, House, Trump, Mexico —, UBS, GM, Ford, Dow Jones, Nasdaq, Harris Financial Locations: Brownsville , Texas, Mexico, Canada, EY, U.S

☆ Asia markets to open mixed even as Wall Street notches fresh records; investors assess Australia inflation
▼ + stars: | 2024-11-27 | by ( Dylan Butts | ) www.cnbc.com time to read: +1 min

The full moon, otherwise known as a strawberry supermoon, is seen over the Skyline of the CBD in Sydney, Australia June 15, 2022. Steven Saphore | Anadolu Agency | Getty ImagesAsia-Pacific markets are set to open mixed on Wednesday, following gains on Wall Street that saw the S&P 500 and the Dow Jones Industrial Average reach new intraday and closing records. Traders in Asia will assesses monthly consumer price index figures out of Australia, set for release later in the day. A poll from Reuters expects the monthly CPI indicator to have risen 2.3% in October year on year, from 2.1% in September. Hong Kong Hang Seng index futures were at 19,172 slightly higher than the HSI's last close of 19,159.2.

Persons: Steven Saphore, Australia's Organizations: Skyline, Anadolu Agency, Getty, Dow Jones, Traders, Reuters, Nikkei Locations: Sydney, Australia, Asia, Pacific, Chicago, Osaka, Hong Kong

☆ CNBC Daily Open: The markets are living in Trump’s world for now
▼ + stars: | 2024-11-27 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Persons: Donald Trump, Brandon Bell, Trump, Scott Bessent, Goldman Sachs's, Jan Hatzius, Gregory Daco, Jamie Cox, —, Sarah Min, Alex Harring, Samantha Subin Organizations: GM STLA, SpaceX, Getty, CNBC, House, Trump, Mexico —, UBS, GM, Ford, Dow Jones, Nasdaq, Harris Financial Locations: Brownsville , Texas, Mexico, Canada, EY, U.S

☆ I worked on cruises for 3 years and now frequently sail as a passenger. Here are the 10 things I do on every trip.
▼ + stars: | 2024-11-27 | by ( Tammy Barr | ) www.businessinsider.com time to read: +5 min

I spent three years working on cruise ships. Here are the 10 things I always do while cruising to have the best trip possible. Depending on what time I get on the ship, my cabin and luggage may not be available for several hours. Frequent walks on the promenade deck are often a highlight of my tripYou can see some wonderful views from a cruise ship. Lastly, I always lean into themed parties and eventsMany cruise ships have themed events or nights, and I love looking them up in advance so I can prepare my outfits.

Persons: I've, You'll, I'd, It's, we're, we'll, Tammy Barr Locations: Paris, Berlin, Rome, Civitavecchia

The yellow arrow and palm trees may not be as globally recognizable as McDonald's golden arches, but California-based burger chain In-N-Out Burger has still managed to amass a cult following with its "animal-style" fries and double-double burgers. It brings in an estimated $2.1 billion a year, according to food service consulting firm Technomic. He adds that the chain has the highest sales per store in the burger segment. Despite inflation, the price of a basic burger at In-N-Out has only increased by 25% since 2020 — the lowest increase amongst nine burger joints studied by Technomic. Learn how to earn passive income online, master your money, ace your job interview and salary negotiations, and become an effective communicator.

Persons: Burger, Harry, Esther Snyder, Kevin Schimpf, it's, Esther's, Lynsi Snyder, Stacy Perman, Perman Organizations: Technomic, Forbes, CNBC Locations: California, Baldwin Park , California, U.S

☆ Pentagon unlikely to use all of the billions Congress authorized it to spend on Ukraine weapons before Biden leaves office, officials say
▼ + stars: | 2024-11-27 | by ( Oren Liebermann | Natasha Bertrand | Katie Bo Lillis | ) edition.cnn.com time to read: +6 min

CNN —The Pentagon is unlikely to use all of the billions of dollars authorized by Congress to arm Ukraine before President Joe Biden leaves office, according to two US officials and three defense officials. For months, the US has run into the limits of its ability to replenish its own weapons inventories, which limited what the Biden administration has been able to send Ukraine. In September, Biden committed billions of dollars in military aid to Ukraine as President Volodymyr Zelensky visited the White House. The US announced a $1 billion military aid package for Ukraine that same day. But the value of aid packages quickly dipped, as the stockpiles of weapons and equipment the Pentagon was able to send Kyiv dwindled.

Persons: Joe Biden, Biden, Sabrina Singh, “, Donald Trump, Trump, Mike Waltz, ”, Jake Sullivan, “ We’re, Volodymyr Zelensky, what’s, Mike Johnson, “ It’s, ” Biden Organizations: CNN, Congress, Defense Department, Pentagon, Street Journal, ” State Department, Kyiv, Biden, DoD, White, Administration, US, Ukraine Locations: Ukraine, Russia, America

☆ 'Dungeons & Dragons' is a cornerstone of big-business nerdworld. A top exec says Wizards of the Coast has a plan to keep the game hot for 50 more years.
▼ + stars: | 2024-11-27 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +6 min

BI spoke to a Wizards of the Coast executive to hear how the company is trying to keep "D&D" hot. For half a century, the game of "Dungeons & Dragons" has been a cornerstone of the nerdy experience. Fresh contentWOTC's plan centers on refreshing D&D's core content, including rulebooks like the "Player's Handbook" (PHB), "Monster Manual," and "Dungeon Master's Guide." Lanzillo highlighted one of WOTC's major ongoing collabs: "The Twenty-Sided Tavern," an off-Broadway theater production that's a live, stage-play version of a "D&D" game. AdvertisementDavid Carpenter, the creator of "Twenty-Sided Tavern," told BI that the show involves the audience using software to participate in the two-and-a-half-hour-long program.

Persons: It's, Elon Musk, it's, Chris Cocks, Jess Lanzillo, We've, Lanzillo, WOTC, k0gr6kMDXC, —, Matthew Mercer, — there's, who've, that's, David Carpenter, Carpenter, Bronwen Sharp Felicia Day, Iyengar, Erika Ishii, Gen Organizations: Coast, Hasbro, WOTC, Lanzillo Locations: Converse, New York, North America

☆ Goldman's retail stock picks for Black Friday and the holidays
▼ + stars: | 2024-11-27 | by ( Pia Singh | In | ) www.cnbc.com time to read: +3 min

Goldman recently surveyed 1,000 U.S. consumers about their holiday shopping plans, sorted by channel, products and retailers. "We continue to see a healthy holiday shopping backdrop for retailers that offer strong value and innovation across their assortments," Roach said. Amazon remains one of the most popular retail destinations for holiday shopping, attracting slightly more interest compared to the prior year, according to Goldman. Target, another forecasted retail winner this season from Goldman, has lagged its retail peers this year, down 8% in 2024. Wrangler brand owner Kontoor Brands was also among Goldman's buy-rated picks that it thinks can offer strong value and product innovation.

Persons: Goldman Sachs, Goldman, Brooke Roach, Roach, LSEG, Kontoor Brands, Goldman's Organizations: Goldman, Walmart, Target, Kontoor Brands, Black, Kontoor

☆ Instead of spending Thanksgiving at home, we take advantage of the time off to travel. We've made core memories.
▼ + stars: | 2024-11-27 | by ( Michelle Arellano Martin | ) www.businessinsider.com time to read: +6 min

AdvertisementWe love extending our Thanksgiving break for a more affordable, less crowded offseason holiday. Instead of spending Thanksgiving at home, our family takes advantage of the school break to go abroad for unique experiences. For Thanksgiving, he took us to Temple Street Night Market, where he perused buckets of fresh fish, explained the differences to our kids, and ordered a feast. Peru should be experienced once in a lifetime at leastA sojourn through Peru started in Cusco, accompanied by good friends. We stayed in a former monastery where incense and Gregorian chants filled the hallways, stocked up on textiles from the local market, discovered chicha and made chocolate from raw cacao.

Persons: Machu Picchu, Lin, Hong Kong, Bruno Mars, Michelle Arellano Martin Organizations: Big, La Boca, Aguas Calientes, Sydney Opera House, Raymis Locations: Machu, Buenos Aires, Hong Kong, ceviche, Peru, London, Lantau, Maldives, Hong, Argentina, empanadas, La, Palermo, Mendoza, Cusco, Aguas, Australia, Ecuador Ecuador, Quito, Cuenca, Ecuador, California, Basque

Beer is included in those categories and a huge share of American drinkers could face higher costs too, given the popularity of Corona and Modelo, the latter of which is now the No. Trump has insisted that countries of origin would pay the cost of any tariffs his administration seeks to impose. In a new note, analysts at Goldman Sachs estimated Trump's latest plans would cause inflation to increase by nearly 1%. In an interview with CNBC last week, the chief financial officer of Walmart said the big-box giant was bracing for potentially higher prices for its customers. But there probably will be cases where prices will go up for consumers.”

Persons: Donald Trump, Trump, Goldman Sachs, China —, ” John David Rainey, ” Organizations: University of California, U.S, UC Davis, Corona, Modelo, Goldman, Trump, CNBC, Walmart Locations: Mexico, Davis, U.S, China

☆ Israeli war Cabinet to discuss Lebanon cease-fire — while bombings continue
▼ + stars: | 2024-11-26 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Alex-Smith-Circle-Byline-Template.Jpg | Alexander Smith | ) www.nbcnews.com time to read: +1 min

Israel’s war Cabinet was Tuesday meeting to discuss a plan for a cease-fire with Lebanon’s Hezbollah as its military launched fresh airstrikes on southern Beirut. Hezbollah says it is supporting the Palestinian resistance; Israel sees it as another attempt by Tehran to attack the Jewish State. Israel’s ambassador to the United Nations, Danny Danon, said Monday his country’s security Cabinet would likely discuss the proposed truce when it met the following day. This was confirmed to NBC News by an Israeli source briefed on the matter. Lisa Johnson, the U.S. ambassador to the U.N., submitted the proposal last week to Lebanon’s Parliament Speaker Nabih Berri, an adviser to the speaker, Ali Hamdan, said.

Persons: Danny Danon, Lisa Johnson, Nabih Berri, Ali Hamdan Organizations: Hezbollah, Jewish State, United Nations, NBC News Locations: Beirut, Hezbollah, Lebanese, Israel, Gaza, Tehran, U.S

☆ Trump’s tax proposals are a step closer to reality. Here’s what it means for your portfolio
▼ + stars: | 2024-11-26 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

The Tax Cuts and Jobs Act, which went into effect in 2018, overhauled the federal tax code. The legislation roughly doubled the standard deduction, tweaked the individual income tax brackets and trimmed rates. It also applied a $10,000 cap on the state and local tax deduction, and it nearly doubled the estate tax exemption. Prepping for 2025 Investors can set up their portfolios for success heading into 2025, especially now that they still have some certainty on the tax climate for next year. Eligible IRA owners can exclude up to $105,000 in QCDs from their taxable income in 2024.

Persons: Donald Trump, Stephen Bigge, Rafia Hasan, you've, Hasan, Rachel Elson, it's Organizations: Republican, Keebler, Associates, Senate, Perigon Wealth Management, Internal Revenue, Moderna, Intel, that's Locations: Washington, Green Bay , Wisconsin, San Francisco, QCDs

☆ Small caps historically outperform even the Santa Claus rally, starting before Thanksgiving
▼ + stars: | 2024-11-26 | by ( Sean Conlon | ) www.cnbc.com time to read: +4 min

The weeks heading into year-end often mark a bullish time for stocks, and smaller companies especially might be poised for outperformance. With that in mind, Jeffrey Hirsch, editor-in-chief of the Stock Trader's Almanac, believes investors should buy small caps from the Tuesday before Thanksgiving this year and hold them until Jan. 3rd, 2025. The tendency for small caps to outperform large caps from mid-December through January, combined with the so-called Santa Claus rally right around Christmas, can bolster small-cap growth stocks, Hirsch said. That rally "rhymes with the post-2016 election move," according to John Hancock Investment Management co-chief investment strategist Emily Roland. He's really focused more on the food companies, eating healthier, vaccine companies and just making sure they're held to the same standards."

Persons: Jeffrey Hirsch, Jan, Hirsch, Santa Claus, Donald Trump's, Russell, What's, Emily Roland, Julie Biel, Kayne Anderson, Biel, Gregg Fisher, Matt Unger, Robert F, Kennedy Jr, Unger, they're Organizations: Stock, CNBC, Regional Banking, John Hancock Investment Management, Quent, Osterweis Opportunity, Trump, Department of Health, Human Services, RFK Locations: Santa

☆ Google proposes fresh tweaks to search results in Europe
▼ + stars: | 2024-11-26 | by ( ) www.cnbc.com time to read: +2 min

Google has proposed more changes to its search results in Europe after some smaller rivals complained about lower traffic to their sites resulting from previous tweaks by the Alphabet unit and as EU antitrust regulators consider levying charges against the company under new EU tech rules. Under the Digital Markets Act, Google is prohibited from favouring its products and services on its platform. The latter three groups said their direct booking clicks have fallen by 30% due to recent Google changes. "We think the latest proposal is the right way to balance the difficult trade-offs that the DMA involves," Bethell said. "We're very reluctant to take this step, as removing helpful features does not benefit consumers or businesses in Europe," Bethell said.

Persons: Oliver Bethell, Bethell, We're, crosshairs Organizations: Google, Digital Markets, Big Tech Locations: Europe, Germany, Belgium, Estonia

☆ Best Buy cuts full-year sales forecast due to softer demand for consumer electronics
▼ + stars: | 2024-11-26 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +4 min

People walk into a Best Buy store in a Brooklyn mall on August 29, 2023 in New York City. Best Buy on Tuesday cut its full-year sales forecast as it missed Wall Street's quarterly revenue expectations and a fresh batch of iPhones and AI-enabled laptops weren't enough to drive higher sales. It expects full-year comparable sales to decline by between 2.5% and 3.5%, compared to its prior expectations of a 1.5% to 3% drop. Comparable sales includes sales online and at stores open for at least 14 months. Shares of Best Buy were down about 3% in premarket trading Tuesday.

Persons: Corie Barry, Barry, Matt Bilunas Organizations: LSEG, Microsoft Locations: Brooklyn, New York City, U.S

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