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Salih is Bajau Laut, an indigenous seafaring group in Southeast Asia that has lived a semi-nomadic lifestyle on the ocean for centuries. More and more Bajau Laut are abandoning their traditional way of life, making them increasingly vulnerable to environmental changes. As climate change threatens the marine environment more than ever, the traditions of the Bajau Laut are quickly disappearing. Brandi Mueller/Moment RF/Getty ImagesA hypselodoris nudibranch, commonly known as a sea slug, in Mabul Island, Malaysia. The Sabunglanis are one of the few Bajau Laut families left in the region who still live on a lepa, or houseboat.
Persons: Malaysia CNN —, Jimi Salih doesn’t, , Salih, , Bajau, Rebecca Cairns, ” Salih, kampee, Jacque Cousteau, Brandi Mueller, Adzmin Fatta, Green Semporna, Malaysian Borneo —, Robin Philippo, Philippo, Haikal Nukiman, Imran Abbisi, they’re, Rili Djohani, hasn’t, , Nukiman, TRACC, they’ll, Jimi Salih Organizations: CNN, Initiative, Malaysia CNN, Getty, Check, Malaysian, Tropical Research, Conservation, Tourism, Coral Triangle, Borneo, CNN Borneo Komrad, TRACC Locations: Semporna, Malaysia, Southeast Asia, Omadal, Malaysian Borneo, Island, Sipadan, Mabul Island, Sabah —, Sabah, TRACC, East Malaysia, Wakatobi, Kampung Bangau Bangau, Kampung Bangau, Borneo, Kampung Air Hujung, Iskul
Police in Las Vegas arrested 57 striking casino workers on Thursday at a protest outside Virgin Hotels Las Vegas, the Culinary Union said on X. Hundreds of casino workers at Virgin Hotels Las Vegas walked off their jobs last week over stalled talks to win a new five-year union pay contract. “Culinary Union members on strike outside @VirginHotelsLV while Culinary Union members are getting arrested in non-violent civil disobedience,” the union said in one of the posts. Separately, Las Vegas police said that the road next to the casino, which was earlier closed due to protests, had reopened after the arrests. Virgin Hotels Las Vegas is owned by JC Hospitality, along with Juniper Capital Partners, Virgin Group and others, according to the hotel’s website.
Persons: Diana Valles Organizations: Las Vegas, Virgin Hotels, Culinary Union, Vegas, “ Culinary Union, JC Hospitality, Juniper Capital Partners, Virgin Group Locations: Las, Virgin Hotels Las Vegas
PESHAWAR, Pakistan — Gunmen opened fire on passenger vehicles in a tribal area in northwestern Pakistan on Thursday, killing at least 38 people and wounding 29, the chief secretary of Khyber Pakhtunkhwa province, Nadeem Aslam Chaudhry, said. Among the fatalities in the attack, which occurred in the Kurram tribal district, were a woman and a child, Chaudhry said, adding: “It’s a major tragedy and death toll is likely to rise.”Tensions have existed for decades between armed Shia and Sunni Muslims over a land dispute in the tribal area that borders Afghanistan. No group claimed responsibility for the incident. “There were two convoys of passenger vehicles, one carrying passengers from Peshawar to Parachinar and another from Parachinar to Peshawar, when armed men opened fire on them,” a local resident of Parachinar, Ziarat Hussain, told Reuters by telephone, adding that his relatives were traveling from Peshawar in the convoy. President Asif Ali Zardari, in a statement, strongly condemned the attack on passenger vehicles.
Persons: Nadeem Aslam Chaudhry, Chaudhry, Ziarat Hussain, Asif Ali Zardari Organizations: Pakistan — Gunmen, Reuters Locations: PESHAWAR, Pakistan, Khyber Pakhtunkhwa, Afghanistan, Peshawar, Parachinar
While Wall Street is confident that there will be a continued boom under Trump, UBS GWM is less sure. "AI infrastructure spending remains robust, and we expect key semiconductor components needed for AI to remain supply constrained in 2025, supporting pricing," UBS GWM strategists wrote. "We believe investment-grade bonds offer attractive yields and expect mid-single-digit returns in US dollar terms," UBS GWM strategists wrote. "In 2025, we believe gold will remain an effective hedge against key political concerns, including government debt levels, inflation, or geopolitical tensions," UBS GWM strategists wrote. Residential and commercial properties both make sense, though UBS GWM specifically cited property types like logistics, data centers, and multifamily housing.
Persons: Donald Trump, Mark Haefele, UBS GWM, Haefele Organizations: UBS Global Wealth Management, UBS GWM, Trump, UBS, Technology, Utilities Locations: Japan
Python and SQL are among the most popular languages; C++ and Tableau are more specialized. Big Tech firms like Apple and Amazon have signaled a move away from the complicated coding language C++, but there's still a place for engineers who know the coding language on Wall Street. AdvertisementIn today's machine-to-machine world, having some experience with programming languages is a must. As it turns out, not all programming languages are made equal and some are more relevant to certain corners of Wall Street than others. Here are the programming languages to know:
Persons: there's, Apple, Swift, It's, Matt Stabile Organizations: Business, Big Tech, Apple, Stony Brook University, White, Citadel Securities, Microsoft, Virtu Financial, Hudson, Sigma, Susquehanna International Group, Wall
Oil rises as intensifying Ukraine war increases supply risk
  + stars: | 2024-11-22 | by ( ) www.cnbc.com   time to read: +2 min
An aerial view of Phillips 66 oil refinery is seen in Linden, New Jersey, United States on March 8, 2022. Oil prices rose on Friday after Russia said it had fired a ballistic missile at Ukraine and warned of a broadening conflict, raising the prospect of tightening crude supplies. Russia is among the world's top crude oil producing countries, even with output declines following import bans tied to its invasion of Ukraine and supply curbs by producer group OPEC+. Russia this month said it produced about 9 million barrels of oil a day. Ukraine has used drones to target Russian oil infrastructure, including in June, when it used long-range attack drones to strike four Russian refineries.
Persons: Phillips, Vladimir Putin, Putin, Joe Biden, Jim Ritterbusch, meanwhile, Donald Trump's Organizations: Brent, . West Texas, British Storm Shadow, Ritterbusch, Associates Locations: Linden , New Jersey, United States, Russia, Ukraine, U.S, Britain, British, Ukrainian, Moscow, Florida, China
Why the U.S. is growing less food
  + stars: | 2024-11-22 | by ( Natalie Rice | ) www.cnbc.com   time to read: +3 min
Fruit production is down nearly 36% in 2024 from 2003, while vegetable production is down 6.3%, according to the USDA. Imports make up a growing share of fresh produce availability, with 60% of the total fruits and 38% of vegetables in the U.S. supplied by other countries in 2021, with Mexico as the largest supplier. The U.S. prioritizes growing commodities — like corn, soybeans, wheat and sugar. And that's a big sticking point for many small to midsize farmers growing fruits and vegetables. The 2018 farm bill extended into 2024 but expired in September.
Persons: Angela Huffman, Chip Kent, Tom Vilsack Organizations: United States Department of Agriculture, USDA, Imports, Environmental Locations: States, U.S, Mexico, Locust Grove, Milton , New York
Prosecutors said four of his associates discussed their share of the bribes via Excel and PowerPoint. New York prosecutors charging one of India's richest men with bribery said his associates used Microsoft Excel and PowerPoint to discuss and analyze their corrupt payments. AdvertisementThe Adani Group and attorneys for the other defendants did not respond to requests for comment from BI. Prosecutors said that during this period, the Adani Group falsely told investors at least four times that it had not paid bribes. AdvertisementIn a statement on its website on Thursday, the Adani Group said the prosecution's accusations are "baseless and denied."
Persons: Gautam Adani, Prosecutors, Adani, Sam Bankman, Sagar Adani, Vneet Jaain, Rupesh Agarwal, Agarwal, Cyril Cabanes, Sagar Organizations: Excel, New, Microsoft, Adani, Energy, Power, Prosecutors, New York Stock Exchange, Eastern, of, Adani Group, US Department of Justice, Adani Enterprises, SEC, Wednesday Locations: New York, India, of New York, British, Hong Kong, Indian
President-elect Donald Trump signaled Friday his intention to nominate hedge fund executive Scott Bessent as his Treasury secretary, in a move that puts a seasoned market pro and a close Trump loyalist in a critical economic position. As head of Treasury, Bessent, 62, will be both the U.S. fiscal watchdog as well as a key official to help Trump enact his ambitious economic agenda. Like Trump, Bessent favors gradual tariffs and deregulation to push American business and control inflation. The Treasury secretary is the lynchpin for the White House economic agenda. Others close to the president-elect think Bessent has not been rigorous enough in his support for tariffs, though Warsh also has made public statements against the levies.
Persons: Scott Bessent, Donald Trump, Kevin Warsh, Marc Rowan, Trump, Bessent, George Soros, Soros, Jerome Powell's, Warsh, Janet Yellen, Elon Musk, Cantor Fitzgerald, Howard Lutnick Organizations: Key, Trump, Group, Treasury, Wall, World's, Investors, Yale University, Rockefeller University, Preservation, Wall Street, Federal Reserve, Federal, National Economic Council, White Locations: Washington , DC, U.S, Bessent
This 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. Markets digest Nvidia earningsU.S. markets rose on Thursday after digesting Nvidia's earnings release. [PRO] Stimulus boosting Chinese marketsChinese markets are "turning a corner" after the Beijing unleashed several stimulus measures to boost the economy, said HSBC . "The market has so far reacted positively to these initiatives,' analysts from HSBC wrote in a Nov. 19 note, in which they picked two Chinese stocks to hold for 2025.
Persons: Hong, Aftereffects, Gautam Adani, CNBC's Ganesh Rao Organizations: CNBC, U.S . Department of Justice, Google, Chrome, Nikkei, Bank of Japan, Reuters, Adani, Motors, Germany's Volkswagen, Nissan, HSBC Locations: Asia, Pacific, Japan, U.S, India, China, Beijing
CNN —President-elect Donald Trump has selected Russell Vought as his pick to lead the Office of Management and Budget, he said in a Truth Social post. Vought was one of the key authors of Project 2025 – the conservative blueprint that Trump tried to distance himself from during the campaign. He was Trump’s former budget director during his first administration when Vought oversaw a widespread deregulation push. During Trump’s first administration, Vought made a name for himself as a policy wonk committed to the MAGA movement. Before serving as Trump’s budget director, Vought was the deputy director and later acting director of OMB.
Persons: Donald Trump, Russell Vought, Trump, ” Trump, MAGA, Vought, Mike Pence Organizations: CNN, Management, Budget, OMB, Center, CRA, Heritage Foundation, Trump –, Mandate, Leadership, Republican National Convention Locations: America
LONDON — Apple and Google could face a competition investigation into their dominance of mobile web browsers and apps in the U.K. The U.K.'s Competition and Markets Authority issued a report Friday with a provisional decision from an independent inquiry group tasked by the regulator with carrying out an in-depth review of the mobile browser markets. In the report, the group recommended that the CMA investigates Apple and Google's activities in mobile ecosystems under the new Digital Markets, Competition and Consumers Act (DMCC), a new U.K. law coming into force next year which seeks to prevent anti-competitive behavior in digital markets. The DMCC is akin to the Digital Markets Act in the European Union. The group also said it found a revenue-sharing agreement between Google and Apple to make Google the default search engine on iPhone "significantly reduces their financial incentives to compete in mobile browsers on iOS."
Organizations: Apple, Google, Markets Authority, CMA, Markets, Competition, Consumers, Digital, European Union
CNN —President-elect Donald Trump on Friday named former NFL player and White House official Scott Turner to lead the Department of Housing and Urban Development. If confirmed by the Senate, Turner would lead an agency that enforces fair housing laws, administers mortgage insurance to prospective homeowners and gives rental subsidies to lower-income families, among other things. In 2019, Turner traveled with former HUD Secretary Ben Carson touting the program. After leaving the league, Turner mounted an unsuccessful run for California 50th Congressional District in 2006. He was elected to the Texas House in 2012 and finished out his term in 2017 after losing a bid for the state House speakership.
Persons: Donald Trump, Scott Turner, Turner, Ben Carson, , ” Turner Organizations: CNN, NFL, White, of Housing, Urban, Senate, Center for Education Opportunity, America, Policy Institute, Council, Trump, Economic, Washington Redskins, Washington Commanders, San Diego Chargers, Denver Broncos, California, Congressional District, Texas House Locations: Texas, Washington
Bringing people together, showing determination and being a good listener are some of the qualities younger generations look for in leaders. That's according to Generation Z and millennial participants at the One Young World summit in Montreal, Canada. "People go through so much and yet their achievements are so much greater than everything that they've ever been through," she said. While some leaders "aren't really always driven by good intentions," according to Whisky, even those with differing views can "sit in the same room." Hunter is part of the Northern Irish Education Committee, in a role that she said contributes to building a peaceful society in the region.
Persons: Sue Whisky, CNBC's Tania Bryer, aren't, Cara Hunter, Hunter Organizations: Environmental Network Malawi, Northern, Northern Ireland Assembly, East Londonderry, Northern Irish Education Committee Locations: Montreal, Canada, Northern Irish, East
AdvertisementBarbara Corcoran says it's "disturbing" how young people are being locked out of the housing market. The "Shark Tank" investor pointed to first-time buyers getting older and losing out to cash buyers. High prices, steep mortgage rates, and fierce competition are locking young people out of becoming homeowners, Barbara Corcoran says. Plus, the median age of first-time buyers climbed from 35 to 38. Corcoran also dismissed concerns that the housing market is overheated and headed for a slump.
Persons: Barbara Corcoran, Corcoran, Trump, Sellers, , they're, Trump's Organizations: Fox Business Network, The Corcoran Group, National Association of Realtors
When you're doing a job interview, whether virtual or in person, you'll want to follow the appropriate etiquette. Here are Levine's best tips for avoiding her top red flags in a job interview. But "if you show up too early, it's also too eager and might make the interviewer feel rushed," says Levine. "I recommend making sure that you are parked 15 to 20 minutes early in the building" as a precaution, says Levine. If you're online or in person, "don't chew gum, don't have your sunglasses on your head" during the interview, says Levine.
Persons: Emily Levine, Levine, it's Organizations: Group
CNN —Laken Riley’s name was heard in court countless times and repeated by politicians around the country who described her brutal killing. They listened carefully and often sobbed as witnesses described how the last moments of Riley’s life unfolded. From left, Connolly Huth, roommate of Laken Riley, Lauren Phillips, sister of Laken Riley, and Sofia Magana, roommate of Laken Riley, react as Superior Court Judge H. Patrick Haggard announces the verdict on Wednesday. Hyosub Shin/Pool/APShe wanted to live a ‘faithful Christian life’At 22, Riley’s life was largely guided by her Christian faith. He also took a moment to remind people how rich Riley’s life was before it ended.
Persons: Jose Ibarra, Ibarra, Lilly Steiner, Connolly Huth, Laken Riley, Lauren Phillips, Sofia Magana, H, Patrick Haggard, Hyosub, , ” Riley’s, Allyson Phillips, , Jesus, ” Riley, John Phillips, Hyosub Shin, Laken, ” Abby Phillips, Riley, ” Lauren Phillips, , Huth, Steiner, ” Steiner, “ Laken, ” Magana, ” John Phillips Organizations: CNN, University of Georgia’s, Superior Court, Atlanta, AP, Augusta University’s College of Nursing Locations: Woodstock , Georgia, Georgia, St, Honduras, Athens, Clarke, Athens , Georgia, Laken, University of Georgia’s Oconee Forest Park, Lake Herrick
The Trump trade showed its resilience this week
  + stars: | 2024-11-22 | by ( Brian Evans | ) www.cnbc.com   time to read: +3 min
Small-cap stocks were one of the biggest winners on Wall Street this week, serving as a prime example that the Trump trade is alive and well after a brief pause . Small caps were not the only components of the Trump trade that had strong gains this week. According to Tom Fitzpatrick, managing director at R.J. O'Brien & Associates, all signs point toward the Trump trade staying strong. Tesla, other stock components of the Trump trade Electric vehicle stock Tesla advanced nearly 10% this week. "I believe energy still has a lot to prove and the Trump trade didn't work out as well as investors thought it supposed to over his first term."
Persons: Trump, Russell, Donald Trump, Tom Fitzpatrick, Fitzpatrick, Bitcoin, Gary Gensler, Tesla, Elon Musk, Vivek Ramaswamy, Halliburton, Jay Woods, Woods Organizations: Nasdaq, Dow Jones, Investors, Trump, Tesla, Trump Media & Technology Group, Halliburton, U.S . Steel, O'Brien & Associates, CNBC, U.S, Securities and Exchange Commission, Freedom Capital Markets . Energy
Four big reasons to own gold into 2025
  + stars: | 2024-11-22 | by ( Sean Conlon | ) www.cnbc.com   time to read: +2 min
On Friday, spot gold rose about 1% amid increasing tensions between Russia and Ukraine . Secondly, the global interest rate-cutting cycle will also stretch into 2025, which will serve as another driver of higher gold prices. Moreover, a push among central banks to diversify their reserves away from the dollar could also provide some additional support for gold, he said. "We expect the de-dollarization trend among central banks and private asset managers to continue," Khandelwal said. "We estimate central banks bought around 900 metric tons of gold in 2024, and these volumes can be sustained well above the prior decade's average of around 325 metric tons a year."
Persons: Gold, Donald Trump's, Sagar Khandelwal, Khandelwal Organizations: UBS, UBS Global Wealth Management Locations: Russia, Ukraine
JPMorgan says this steelmaker could gain more than 20% from here
  + stars: | 2024-11-22 | by ( Pia Singh | In | ) www.cnbc.com   time to read: +2 min
Carpenter Technology has multiple avenues of growth over the next few years, according to JPMorgan. Analyst Bennett Moore initiated coverage of the U.S.-based stainless steel and alloys manufacturer with an overweight rating and a price target of $220. "Shares have rallied ... on the back of strong demand, solid execution, and an attractive earnings outlook, and we feel the company is well positioned to capture further upside," Moore said in a Thursday note. Moore's investment thesis is built on the company's robust demand for its mostly customer-specific premium products, which he said gives Carpenter strong pricing power and supported its position as an "indispensable supplier." Carpenter Technology makes stainless steel and alloys, including a steel alloy used in manufacturing high-end knives.
Persons: Carpenter, Bennett Moore, Moore, Tim Leedy Organizations: Carpenter Technology, JPMorgan, Carpenter's, Medianews, Getty Locations: U.S
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer DOJ prosecutor: indictment against Adani group unlikely to be withdrawnFerdose al-Taie, former DOJ prosecutor and SEC senior counsel weighs in on the charges against the Adani group.
Persons: Adani Organizations: Former, SEC
Jaguar new logo Courtesy: JaguarLuxury carmaker Jaguar has defended a rebrand that drew widespread criticism on social media this week. In a release, Jaguar said the media showcased its "dramatic new creative philosophy," branded "Exuberant Modernism," which will "inspire future vehicles." Three new electric models are expected from the company in the coming years, including a four-door GT car expected to have a six-figure starting price. We wanted to move away from traditional automotive stereotypes," Jaguar managing director Rawdon Glover told the Financial Times in an interview published Friday. A parked car featuring the existing Jaguar logo pictured on Monday, January 25, 202.
Persons: Jaguar, Gary Jenkins, they've, Rawdon Glover, Glover Organizations: Tata Motors, Rover, Facebook, CNBC, Jaguar, Miami Art, Financial Times, Nurphoto, Getty
Carpenter Technology has multiple avenues of growth over the next few years, according to JPMorgan. Analyst Bennett Moore initiated coverage of the U.S.-based stainless steel and alloys manufacturer with an overweight rating and a price target of $220. "Shares have rallied ... on the back of strong demand, solid execution, and an attractive earnings outlook, and we feel the company is well positioned to capture further upside," Moore said in a Thursday note. Moore's investment thesis is built on the company's robust demand for its mostly customer-specific premium products, which he said gives Carpenter strong pricing power and supported its position as an "indispensable supplier." Carpenter Technology steel alloy making.
Persons: Carpenter, Bennett Moore, Moore, Tim Leedy Organizations: Carpenter Technology, JPMorgan, Carpenter's, Medianews, Getty Locations: U.S
Morris, like thousands of other customers, was snared in the collapse of a behind-the-scenes fintech firm called Synapse and has been locked out of her account for six months as of November. Then she learned how much Evolve Bank & Trust, the lender where her funds were supposed to be held, was prepared to return to her. The crisis started in May when a dispute between Synapse and Evolve Bank over customer balances boiled over and the fintech middleman turned off access to a key system used to process transactions. Synapse helped fintech startups like Yotta and Juno, which are not banks, offer checking accounts and debit cards by hooking them up with small lenders like Evolve. But that would've required more coordination between Evolve and the other lenders that held customer funds than what ultimately happened.
Persons: Oscar Wong, Kayla Morris, Morris, Andreessen Horowitz, Jelena McWilliams, Zach Jacobs, there's, Yotta, Adam Moelis, they've, Jacobs, Andrew Meloan, Meloan, I've, ” Zach Jacobs, McWilliams, McWilliams didn't, Rayburn, Tom Williams, hadn't, Judge Martin Barash, Natasha Craft, they're, Andreatte Caliguire Organizations: Evolve Bank & Trust, Synapse, Evolve Bank, ., CNBC, FedEx, Evolve, Deposit Insurance Corp, U.S, FDIC, Trump, Federal Reserve, Federal Deposit Insurance Corporation, Financial, Prudential Regulators, Megabanks, Depository, CQ, Inc, AMG, Lineage Bank, American Bank, Indiana FedEx Locations: Texas, Tampa , Florida, Yotta, Chicago, California, Mishawaka , Indiana
Spain's Ministry of Consumer Rights on Friday slapped a $179 million euro ($186 million) fine on five low-budget airlines for "abusive practices" including charging additional cabin luggage fees. Spanish low-cost airline Vueling was ordered to pay 39.2 million euros and EasyJet was fined 29 million euros. Scandinavia's second-largest airline Norwegian and Spanish airline Volotea each received penalties in excess of 1 million euros. The five airlines should discontinue their practice of requiring additional payment for cabin luggage and reserving a seat near a dependent traveler, the ministry said. "We completely disagree with the decision of the Spanish Consumer Ministry and find the proposed sanctions outrageous," an EasyJet statement said, stressing it considers its cabin luggage policy to be aligned with all applicable laws.
Persons: Vueling, EasyJet, Javier Gandara, Michael O'Leary Organizations: Ministry of Consumer Rights, Ryanair, Spanish, Spain's Association of Airlines, CNBC, Ministry of Consumer, ALA, Spain's Consumer Affairs Ministry, Governments, Spanish Consumer Ministry, Boeing, International Air Transport Association Locations: Spain, Europe
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