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☆ Goldman Sachs Asset Management is fired up about the economy heading into 2025 — but serious risks are still lurking under the surface
▼ + stars: | 2024-11-27 | by ( James Faris | ) www.businessinsider.com time to read: +8 min

AdvertisementThe global economic expansion will continue into 2025, according to Goldman Sachs Asset Management. "But it's all a give and take here, because we're also going to be seeing a lot of efficiencies come into the labor market, potentially." GSAM strategists aren't sweating about the labor market yet, but they're watching those trends closely. Despite their lofty valuations, GSAM isn't bailing on US equities. That may finally change in 2025 as China's government gets serious about economic stimulus, Wilson-Elizondo said.

Persons: Alexandra Wilson, Elizondo, Goldman, Trump's, Wilson, We're, we're, corporates —, it's, aren't, isn't, GSAM Organizations: Goldman Sachs Asset Management, Management, Trump, Companies, Goldman, Wilson

☆ Fmr. NEC Chief Economist says tariff worries are overblown, inflation will drop under Trump
▼ + stars: | 2024-11-27 | 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 EmailFmr. NEC Chief Economist says tariff worries are overblown, inflation will drop under TrumpJoe Lavorgna, SMBC Nikko Securities America Chief Economist, Former NEC Chief Economist, joins 'Closing Bell Overtime' to explain why he believes Trump's tariff proposals won't hurt the economy.

Persons: Trump Joe Lavorgna Organizations: NEC, Trump, Nikko Securities America

Back in 2006 in Italy, newly elected Vladimir Luxuria was briefly barred from using the ladies' room when she took her seat in Parliament. "What is happening to Sarah McBride is rank politics." "So I am very sympathetic to Sarah McBride." During her four years in the Polish Parliament, Grodzka also faced verbal attacks and was repeatedly misgendered by fellow Polish lawmaker Krystyna Pawlowicz. In recent years — nearly a decade after she left Parliament — Grodzka is still occasionally on the receiving end of personal attacks from Polish lawmakers, as the country's right-wing has embraced anti-LGBTQ sentiments.

Persons: Sarah McBride, Vladimir Luxuria, McBride, Nancy Mace, Donald Trump, ”, Mace, Mike Johnson, Sarah McBride Bill Clark, Getty Images McBride, ” Luxuria, Georgina Beyer, Anna Grodzka, Luxuria, Elisabetta Gardini, Silvio Berlusconi, Gardini, huff, Kamala Harris ’, Biden, Harris, Grodzka, Krystyna Pawlowicz, “ Krystyna, Grodza, — Grodzka, Beyer, “ Organizations: U.S . Congress, NBC News, South Carolina Republican, Republican, Trump, Getty Images, NBC, Republicans, NFL, Pink News Locations: Italy, Delaware, Rome, New Zealander, Polish, Britain

That means buyers can combine existing tax credits with the deep discounts on offer over the next three months. Hours after Newsom announced his proposal Monday, Bloomberg News reported that his office planned to exclude Teslas from any state rebate program, citing an idea to limit the proposed aid based on automakers’ EV market shares. The current federal tax credit also applies to leases, and some dealerships are exploiting a loophole that allows EV lessees to qualify for the full $7,500 credit without meeting income or manufacturer requirements. In a recent Edmunds analysis of mid-priced vehicles leased this year, the average monthly payment for EVs when factoring in tax credits was $428, far lower than the $572 for vehicles with gas engines. “If the tax credit goes away and it’s a significant amount that’s being utilized by dealers, you’ll have them rather upset for a while,” Drury said.

Persons: Donald Trump, EVs, ”, Jay Turner, Gavin Newsom’s, Turner, Biden, “ We’re, ” Newsom, Trump, he’d, Karoline Leavitt, Ivan Drury, ” Drury, who’s, Drury, I’d, ” Turner, Elon Musk, Trump’s, Musk, Tesla, Newsom, “ It’s, you’re, ” Buyers Organizations: Wellesley College, Republican, White House, Trump, Cox Automotive, U.S, Congress, Trump White, “ Department, Government, Bloomberg News, ’ EV, NBC News, EV lessees, ” Locations: California, Colorado and Massachusetts, Edmunds, China, Mexico, Canada, U.S

☆ Strategist: Tariff rollout could hurt the chance of an economic soft-landing for the U.S.
▼ + stars: | 2024-11-26 | 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 EmailStrategist: Tariff rollout could hurt the chance of an economic soft-landing for the U.S.Garry Evans from BCA Research discusses the economic and market impact of Trump's tariff plans.

Persons: Garry Evans Organizations: U.S, BCA Research

☆ What could get more expensive if Trump launches a new trade war with Mexico and Canada
▼ + stars: | 2024-11-26 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +5 min

While leaders of the two nations continue to butt heads, US consumers have paid the price, shelling out more money on goods imported from China. Now Trump is focusing his attention on America’s largest and third-largest trading partners: Mexico and Canada. The 25% tariff Trump floated would have “huge impacts” on gas prices, amounting to an increase between 25 cents to 75 cents per gallon, he said. Said differently, your guac and avocado toast could skyrocket if 25% tariffs are levied on Mexico. Bottom line: It’s going to hurtThe new round of tariffs Trump is prepared to impose comes as the US has grown increasingly reliant on imports from Mexico and Canada.

Persons: Donald Trump’s, Trump, Joe Biden, Brace, Todd Korol, ” Patrick De Haan, Ulises Ruiz, Said, Maurico Palos, tariffs Trump, That’s Organizations: New, New York CNN, Trump, Gas, US Energy Information Administration, Rockies, Produce, Commerce Department, AFP, Getty, United, United Nations ’, General Motors, Ford, General Motors Co, Silao, Bloomberg Locations: New York, America, China, Mexico, Canada, West Coast, Kindersley , Saskatchewan, Great Lakes, Midwest, United States, Cerritos, Ciudad Guzman, Jalisco, Silao, Guanajuato

☆ Claims that fight between Jake Paul and Mike Tyson was rigged are ‘incorrect and baseless,’ says promoter
▼ + stars: | 2024-11-26 | by ( Jamie Barton | ) edition.cnn.com time to read: +3 min

CNN —Claims that the recent record-breaking boxing match between Jake Paul and Mike Tyson was rigged are “incorrect and baseless … illogical and inane,” the fight’s promoter said in a statement Monday. Jake Paul takes on Mike Tyson in the most-streamed global sporting event ever. Al Bello/Getty Images for NetflixHowever, the fight drew criticism from across social media and the boxing world. “Everyone is talking about how staged this fight was,” said De La Hoya, who is now a promoter, on Instagram. It goes on the record, and it was sanctioned, so Jake Paul paid to get the W on his record.

Persons: Jake Paul, Mike Tyson, Paul, Tyson –, ”, Al Bello, Hall, Hall of Famer Oscar De La, De, De La Hoya, “, Tyson, ” Nakisa Bidarian, ” Bidarian Organizations: CNN, Texas Department, Paul, Netflix, T, ESPN, ESPN BET, Hall of Famer, Hall of Famer Oscar De La Hoya Locations: Arlington , Texas, Las Vegas, De La, Instagram

☆ 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

☆ NFL Week 12 takeaways: First running back MVP in over a decade? What’s going on with the Texans? What next for wide-open NFC West?
▼ + stars: | 2024-11-26 | by ( Ben Morse | ) edition.cnn.com time to read: +10 min

Week 12 saw plenty of heavy favorites face underdogs, but it didn’t prove as simple as many thought. Barkley rushed for 109 yards and two touchdowns on the ground in the Eagles’ Week 1 victory over the Green Bay Packers. While that still might be the case, it’s not been smooth sailing for the Texans through 12 weeks of the season. He has struggled behind a porous offensive line and that affected the running game on Sunday with Mixon only having 22 yards on 14 carries. The Seahawks currently lead the division having gotten the favorable tiebreaker thanks to their Week 12 home victory over the Cardinals.

Persons: Adrian Peterson, Peyton Manning, Aaron Rodgers, Cam Newton, Matt Ryan, Tom Brady, Patrick Mahomes, Lamar Jackson, Derrick Henry, Peterson, Saquon Barkley, Barkley, Jalen, Ronald Martinez, Henry –, Nick Sirianni, “, What’s, DeMeco Ryans, CJ Stroud, Joe Mixon, Stefon Diggs, it’s, Mixon, Cooper Neill, Sunday –, Tony Pollard, Jimmy Ward, Fairbairn, Will Levis, Fairbairn –, –, Ryans, ”, Ashley Landis, Geno Smith, Steph Chambers, Mike Macdonald, Kyler Murray Organizations: CNN, NFL, National Football League, Minnesota Vikings, Philadelphia Eagles, Penn State University, New York Giants, Eagles, Green Bay Packers, Rams, Madden, ” Eagles, Giants, Houston Texans, Texans, Tennessee Titans, Stroud, Titans, Sunday, Houston, NRG, Jacksonville Jaguars, AFC South, NFL.com, NFC West, Seattle Seahawks, Arizona Cardinals, Los Angeles Rams, San Francisco 49ers, 49ers, Niners, Seahawks, Cardinals, Pittsburgh Steelers, Cleveland Browns Sunday Kansas City Chiefs, Carolina Panthers Minnesota Vikings, Chicago Bears Tennessee Titans, Houston Texans Detroit Lions, Indianapolis Colts New England Patriots, Miami Dolphins Tampa Bay Buccaneers, New York Giants Dallas Cowboys, Washington, Denver Broncos, Las Vegas Raiders San Francisco 49ers, Green Bay Packers Arizona Cardinals, Seattle Seahawks Philadelphia Eagles, Baltimore Ravens, Los Angeles Chargers Locations: Pennsylvania, New York, Texas, Houston, Stroud, Tennessee, Seattle

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

☆ A baby boomer living on $1,470 monthly in Social Security returned to work to support her children and grandchildren: 'I try to help as much as I can'
▼ + stars: | 2024-11-26 | by ( Allie Kelly | ) www.businessinsider.com time to read: +4 min

Many older Americans say monthly Social Security checks aren't enough to pay their bills. Pamela Shields is one of many older Americans who "unretired" because she couldn't live solely off her Social Security checks. Shields lives in Fort Worth, Texas, on her $1,470 monthly Social Security payments. Business Insider talked with more than 50 baby boomers who primarily rely on their monthly Social Security checks to get by, and many said that wasn't enough to cover essentials. AdvertisementShe unretired when she realized her monthly Social Security payments wouldn't be enough to support herself or her family.

Persons: Pamela Shields, Shields, she'd, she's, you'd, She's, she'll, I'm Organizations: Security, LinkedIn, Social, Business, Social Security, AARP, University of Chicago's Locations: Fort Worth , Texas

☆ Warren Buffett offers 'suggestion for all parents' in 2024 Thanksgiving letter: 'My dad did the same with me'
▼ + stars: | 2024-11-26 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +1 min

"I have one ... suggestion for all parents, whether they are of modest or staggering wealth," Buffett, the CEO of Berkshire Hathaway, wrote in a letter to his company's shareholders on Monday. Aim to ensure your children understand "both the logic for your decisions and the responsibilities they will encounter upon your death," Buffett wrote. Many people don't know the details of their parents' estate plans, or even if they exist. "As soon as the parents are gone, those emotions come out of the closet like a torrent, and no, [the heirs] don't always get along," said Shenkman. Buffett and longtime friend and business partner Charlie Munger, who died last year, observed the same phenomenon, Buffett wrote: "Charlie and I saw many families driven apart after the posthumous dictates of the will left beneficiaries confused and sometimes angry."

Persons: Warren Buffett, —, Buffett, Berkshire Hathaway, Martin Shenkman, Charlie Munger, Charlie Organizations: Berkshire, CNBC Locations: New Jersey

This spiraled into a diss-track war in April and May, with Cole, Drake, Rick Ross, and Lamar all releasing new songs. Later in the track, Drake references Cole's diss track and apology. Evan Agostini/Invision/APLater in the track, Drake raps that he gave Future his first No. At the end of the track, Lamar samples a 1994 Tupac interview to simulate a conversation between the two rappers. Instead of insulting Drake, Lamar claims that the "Push Ups" rapper's circle has been feeding him lies, leaking information about him, and hoping for his downfall.

Persons: Drake, Kendrick Lamar, Lamar, Lamar dissed Drake, J, Cole, Rick Ross, Hannah Getahun, Joseph Okpako, WireImage Lamar, Jermaine Cole, Big, Wale, Pusha, Meek Millz, Big Sean, Jay, Tyler, Mac Miller, Kunta, Lamar hasn't, Meek, Getty, Tim Mosenfelder, Aubrey, Muhammad Ali, Michael Jackson, Jackson, “, rics,, m., ake Organizations: UMG, Spotify, Future, Metro, Universal Music Group, Wireless, Lamar, Big, Rocky, Rap Locations: Drake's, Lamar, Drake, Diss, Lamar's, Florida

☆ 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

☆ DHL cargo plane crashes as it nears Lithuania airport, killing one
▼ + stars: | 2024-11-25 | by ( ) www.cnbc.com time to read: +3 min

25 November 2024, Saxony, Schkeuditz: A DHL cargo plane at the DHL Air Hub, the air freight center at Leipzig / Halle Airport. A cargo plane taking off from Leipzig on behalf of the postal service provider DHL crashed into a residential building near the airport in the Lithuanian capital Vilnius early this morning. Photo: Hendrik Schmidt/dpa (Photo by Hendrik Schmidt/picture alliance via Getty Images)A DHL cargo plane crashed as it came into land at Lithuania's Vilnius airport early on Monday, skidding into a house and killing one person on the aircraft. An airport spokesperson said the plane was a Boeing 737-400. Leipzig Airport operator Mitteldeutsche Flughafen AG declined to comment on the crash.

Persons: Hendrik Schmidt, Darius Jauniskis, Flightradar24 Organizations: DHL, DHL Air Hub, Halle Airport, Vilnius, dpa, Getty, Swiftair, Crisis Management Center, Police, Boeing, Firefighters, Mitteldeutsche Flughafen Locations: Saxony, Schkeuditz, Leipzig, Lithuanian, Lithuania's Vilnius, Germany, British, Europe, United States

☆ Trump’s determination to install controversial picks faces next test
▼ + stars: | 2024-11-25 | by ( Stephen Collinson | ) edition.cnn.com time to read: +12 min

Gabbard and another contentious Trump pick — Pete Hegseth, who has been tapped to lead the Defense Department — came under sharpened scrutiny Sunday as the spotlight shifted from Matt Gaetz, Trump’s toppled choice to be attorney general. Trump’s pick of Hegseth is also facing uncertainty after the release last week of a 2017 police report detailing an alleged sexual assault in California. But the withdrawal of Gaetz — who was already widely disliked in Congress — may leave senators feeling they owe the president-elect on his other highly controversial choices. Trump’s new selection for attorney general, Pam Bondi, is meanwhile being welcomed by many Republicans, suggesting she’ll have an easier path to confirmation than Gaetz. But that would still leave the question of who is acceptable to Trump while being confirmable in the Senate.

Persons: Donald Trump’s, Tulsi Gabbard, Pete Hegseth, Defense Department —, Matt Gaetz, Trump’s, ” Democratic Sen, Tammy Duckworth, Bashar al, Assad, she’s, Republican Sen, Markwayne Mullin, Dana Bash, Duckworth, Gaetz —, Pam Bondi, general’s, ”, Russell Vought, Trump, Tesla, Elon Musk, Vivek Ramaswamy, Scott Bessent, Howard Lutnick, Cantor Fitzgerald, They’ll, Mike Waltz, ” Trump, Vladimir Putin’s, —, he’s, Julian Assange, Edward Snowden, Gabbard, ” Sen, Adam Schiff of California, Gabbard’s, Mullin, “, ” Missouri Sen, Eric Schmitt, Tennessee Sen, Bill Hagerty, she’d, Hagerty, ” Oklahoma’s, James Lankford, Bashar, Lankford, Bondi, We’re, ’ ” Lankford, Christopher Wray, Kash Patel, Patel, Trump’s MAGA, CNN’s Kaitlan Collins, ” Patel Organizations: CNN, Trump, Defense Department, CNN’s, Union, ” Democratic, Republican, Fox News, Justice Department, Management, GOP, Treasury, “ Fox, Florida Republican, Electoral College, Senate, Democratic, US, Transportation, Trump’s “, House Intelligence, Press, Oklahoma Republican, Army, ”, NBC, ABC, “, intel, CNN Bondi, of Justice, FBI, Fox Business, Department of Justice Locations: CNN’s “ State, The Illinois, Washington, California, Florida, Ukraine, Moscow, Russia, Hawaii, Syria, Russian, Duckworth, “ State, Oklahoma and Missouri, ” Missouri, Japan, United States, Lago

☆ Steel Maker ThyssenKrupp to Slash 11,000 Jobs in Germany
▼ + stars: | 2024-11-25 | by ( Melissa Eddy | More About Melissa Eddy | ) www.nytimes.com time to read: +1 min

ThyssenKrupp, the largest steel maker in Germany, said Monday that it would eliminate up to 11,000 jobs by 2030, a decision that comes as the country struggled to overcome economic weakness that has hindered growth for nearly two years. The overhaul is aimed at returning ThyssenKrupp to profitability in the face of pressure from Asian competitors and high energy prices. ThyssenKrupp was among those hurt by the tariffs Mr. Trump imposed on steel and aluminum during his first term in office. Another 6,000 jobs will be cut through the sale of business activities or turning to external providers, the company said without elaborating. “Urgent measures are required to improve ThyssenKrupp Steel’s own productivity and operating efficiency and to achieve a competitive cost level,” the company said in a statement.

Persons: Donald J, Trump, ThyssenKrupp Locations: Germany, United States

☆ RBC sees the S&P 500 rising to 6,600 in 2025, but expects a 5%-10% correction near term
▼ + stars: | 2024-11-25 | by ( Fred Imbert | ) www.cnbc.com time to read: +3 min

The S & P 500's rise to fresh heights in the new year will not be in a straight line, according to RBC Capital Markets. Strategist Lori Calvasina issued a year-end 2025 target for the broad market index of 6,600. The S & P 500 has rallied 3.2% since Donald Trump secured a second presidential term, raising expectations of lower taxes and deregulation. To be sure, Calvasina thinks there will be 5%-10% correction in the near term before equities resume their march to all-time highs. Last week, Goldman Sachs set a 6,500 target for the S & P 500, while BMO issued a forecast for the benchmark index to surge all the way to 6,700 .

Persons: Lori Calvasina, Donald Trump, Calvasina, Goldman Sachs, Bernstein Organizations: RBC Capital Markets, Health, BMO Locations: Friday's, Bitcoin

☆ 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

When asked about the regression Kingsbury said he didn’t plan on changing his offense, but this system desperately needs to evolve. But the Commanders offense played well enough to win Sunday — 26 points wins most games. Jones: Entering the season, it seemed realistic to expect the Texans to take another step forward after last year’s success. AdvertisementNguyen: All year, there were signs that the Texans offense is deeply flawed despite their weapons on the outside. So passing over Lock to play DeVito feels like an order from above rather than a coaching decision.

Persons: Mike Jones, Ted Nguyen, Dan Pompei, Cooper Rush, Jayden Daniels, Kliff Kingsbury, Kyler Murray, Kingsbury, Daniels, Weeks, zR9liUhdix, they’re, Jones, Dan Quinn, Washington, Quinn, hasn’t, They’ll, They’ve, Stroud, I’m, Sam Darnold, That’s, isn’t, Caleb Williams, Jared Goff, Joe Flacco, Mac Jones, Will Levis, Tommy DeVito, Daniel Jones ’, Daniel Jones, Drew Lock, DeVito, John Mara, Brian Daboll, … DeVito, —, Timothy Nwachukwu Organizations: Texans, Carolina Panthers, Athletic NFL, Cowboys, EPA, Sunday, Washington, Dallas, AFC, Stroud, Jets, Titans, Chiefs, Ravens, Jaguars, Dolphins, Vikings, Bears, NFC, Detroit Lions, Lions, Packers, 49ers, NFC North, Detroit, Philadelphia, Super, Bucs, Giants, Buccaneers Locations: Chicago, Washington, Arizona, Kansas City, Buffalo, Baltimore, Pittsburgh, Stroud, Minnesota, Detroit, New York

☆ Fund managers at Fidelity share how they’re playing China’s stimulus plans
▼ + stars: | 2024-11-24 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

For two fund managers at Fidelity International, Beijing's latest stimulus announcements were significant enough for them to buy more beaten-down real estate stocks. "We have been moderately increasing our position in China," Zhou said. Zhou and Ben Li are co-managers of Fidelity's Greater China Fund . One of the top 10 holdings of Fidelity's Greater China Fund is Chinese online booking platform Trip.com . Earnings comments in the last two weeks from major Chinese companies have underscored how it will take time to see the impact of stimulus .

Persons: Theresa Zhou, Zhou, Ben Li, Li, Daniel Zipser's, Zipser, Nomura, Donald Trump's Organizations: Fidelity International, CNBC, China Fund, McKinsey, TCL, Fidelity Locations: China, BOE, Shenzhen

☆ 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

☆ I was thrilled the first time my son came home from college for the holidays. It wasn't always easy.
▼ + stars: | 2024-11-24 | by ( Laura Falin | ) www.businessinsider.com time to read: +5 min

AdvertisementWhen my son came home from college, he spent the night at a friend's house without telling me. My son went to college about an hour and a half away, which was far enough away that he needed to live on campus. AdvertisementI understand he's becoming more independentI know my son is much more independent now than when he lived at home. I don't know where he is unless I call or text him, and he chooses to tell me. When my college kid came home and reached for a soda on a Wednesday, his siblings lost their minds.

Persons: they'd, he's, there's, we're, they're, I'm, he'll, He's

☆ 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

☆ It's time to get serious about fixing the nation's power grid. That puts these stocks in a sweet spot
▼ + stars: | 2024-11-23 | by ( Paulina Likos | ) www.cnbc.com time to read: +8 min

The U.S. electric grid needs a total body makeover. With Duke Austin, a fourth-generation lineman, at its helm, Quanta Services has a long history in electric power infrastructure. The backbone of the electric grid Transmission and distribution is the backbone of the electrical grid, delivering power from generation sites to consumers. PWR YTD mountain Quanta Services shares year to date MasTec MasTec has been in comeback mode. MYR Group Goldman expects MYR Group is well positioned for 2025.

Persons: Neil Mehta, Goldman Sachs, weren't, Goldman, Mehta, Duke Austin, Carly Davenport, Davenport, Austin, Goldman's Mehta, they're, MasTec, Jose Mas, MasTec's, Truist, Jamie Cook, McCoy, Cook, Ati Modak, Modak, MYR Organizations: U.S, Edison Electric Institute, MYR, CNBC, Management, MYR Group Locations: U.S, Austin

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