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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFrom debt point of view, we are seeing attractive spread levels globally: J.P. Morgan's ReschkeMatthias Reschke, J.P Morgan's head of European investment grade finance, discusses the debt and credit landscape ahead of J.P. Morgan's inaugural European Financials Conference.
Persons: Morgan's Reschke Matthias Reschke, J.P Organizations: Morgan's, Financials Conference Locations: J.P
The Biden administration this week imposed sanctions on more groups and individuals it accuses of having ties to Israeli settlers inciting violence in the occupied West Bank, a last-ditch show of disapproval of Israelis’ annexation of land there before U.S. policy on the issue most likely swings the other way under the next administration. When President-elect Donald J. Trump returns to the White House next year, he could easily revoke the February executive order authorizing the sanctions or, even, some pro-settlement activists hope, use the order to go after Palestinian organizations instead. Texans for Israel, a Christian Zionist group, and several other settler supporters and organizations this month renewed a challenge to President Biden’s order in federal court, arguing that it was being applied unconstitutionally, targeting Jewish settlers and violating the rights of Americans exercising freedom of religion and speech in support of them. The case highlights the growing international controversy over West Bank settlement amid the war in the Gaza Strip and the great expectations of the settler movement and its supporters of another Trump presidency.
Persons: Biden, Donald J, Trump, White, Biden’s Organizations: West Bank, Texans, Zionist, West Locations: Israel, West Bank, Gaza
Three of the nation’s largest automakers, Ford, General Motors and Stellantis, are strategizing with other car manufacturers on how to make a delicate request of President-elect Donald J. Trump: Don’t scrap the federal regulations that compel the industry to sell electric vehicles. Mr. Trump has railed against the E.V. rules, which strictly limit the amount of tailpipe pollution while also ramping up fuel economy standards. Mr. Trump sees them differently. And Mr. Trump still holds grievances against some of the automakers, whom he views as having betrayed him because during his first term they supported Obama-era auto emissions rules.
Persons: Donald J, Trump, Biden’s, Obama Organizations: Ford, General Motors, Trump, Democratic
China’s recent breach of the innermost workings of the U.S. telecommunications system reached far deeper than the Biden administration has described, the chairman of the Senate Intelligence Committee said on Thursday, with hackers able to listen in on telephone conversations and read text messages. “The barn door is still wide open, or mostly open,” the Democratic chairman, Senator Mark Warner of Virginia, a former telecommunications executive, said in an interview on Thursday. and other investigators believed that China’s hackers used stolen passwords to focus mostly on the system that taps telephone conversations and texts under court orders. It is administered by a number of the nation’s telecommunications firms, including the three largest — Verizon, AT&T and T-Mobile. But in recent days, investigators have discovered how deeply China’s hackers had moved throughout the country by exploiting aging equipment and seams in the networks connecting disparate systems.
Persons: Biden, Mark Warner of, Warner, Donald J, Trump, JD Vance Organizations: Senate Intelligence, Democratic, Microsoft, Verizon Locations: Mark Warner of Virginia, China
On Thursday, Gov. Gavin Newsom will make the first of three post-election visits to California counties that Donald J. Trump won in the presidential race, reaching out to working-class voters in the Central Valley who remain frustrated by economic woes. The appearance in Fresno, to unveil a new economic development system, comes as interviews and polls have shown that economic and class divisions were key to Mr. Trump’s return to power. With Democrats still mulling over their presidential and congressional losses, Mr. Newsom said in an interview on Wednesday that his party needed to learn from the recent election and to address the struggles of American workers. “A lot of people feel like they’re losing their identity or losing their future,” Mr. Newsom said.
Persons: Gavin Newsom, Donald J, Trump, Trump’s, Newsom, ” Mr, , Locations: California, Fresno
AdvertisementDonald Trump renegotiated a deal with Boeing for a new Air Force One in his first term as president. Following years of delays, billions of dollars, and his return to the presidency, Donald Trump is set to fly on the new Air Force One after all. In 2015, the Air Force again chose Boeing to build two new planes, this time based on the larger 747-8. The VC-25B project is known as the "Next Air Force One." Courtesy of the Air ForceWhile the government is paying $3.9 billion for the new jets, Boeing has suffered from the Next Air Force One.
Persons: Donald Trump, Trump, Dennis Muilenburg, Donald J, Boeing's, Joe Biden, Kennedy, Dave Calhoun, wasn't Organizations: Boeing, Air Force One, Next Air Force, Air Force, Force, Trump, ABC, Trump Shuttle, Reuters, Street Journal, Business Locations: Russian, United States
On his path to the presidency, President-elect Donald J. Trump consistently made Mexico a target. But Mexico’s leaders aren’t panicking — in fact, some of them see opportunity in Trump’s return to the White House, according to six current and former officials, some of whom were not authorized to speak publicly. Mexico is banking on its ability to negotiate with a deal maker like Mr. Trump. President Claudia Sheinbaum of Mexico has said that her government “will look to contact President Trump’s transition team before he enters” the White House. The goal of those talks, officials say, would be to reach agreements on key issues ahead of the inauguration in January.
Persons: Donald J, Trump, aren’t panicking, Claudia Sheinbaum, Trump’s Organizations: White Locations: Mexico
Investors shouldn't let a smaller-than-expected guidance beat overshadow tailwinds from Nvidia's looming Blackwell graphics processing unit rollout come January. Citi's Atif Malik lifted the firm's price target to $175 and opened a positive catalyst ahead of the consumer electronics show in January. Wells Fargo's Aaron Rakers moved to a $185 price target, reflecting 27% upside from Wednesday's close. Meanwhile, JPMorgan's Harlan Sur lifted his price target to $170 a share, saying that margins should improve toward the mid-70s range in the second half of 2025 as Nvidia streamlines costs. What's next for the stock Despite strong Blackwell expectations, some analysts warn of potential near-term volatility.
Persons: Wall, Blackwell, NVDA, Jefferies, Blayne Curtis, Citi's Atif Malik, Wells, Aaron Rakers, Bernstein's Stacy Rasgon, JPMorgan's Harlan Sur, What's, America's Vivek Arya, Tom O'Malley, Baruah, Cantor, C.J, Muse, Morgan Stanley, Joseph Moore Organizations: tailwinds, Blackwell, Nvidia, America's, Barclays Locations: Nvidia's
WASHINGTON — A Donald Trump supporter who was among the first rioters to breach the U.S. Capitol on Jan. 6, 2021, has been convicted of plotting to kill FBI special agents who investigated him over his crimes at the Capitol. NBC News affiliate WBIR in Knoxville reported that the jury convicted Kelley on all three counts after just an hour of deliberation. Kelley will be sentenced in the murder plot case on May 7, one month after he is set to be sentenced on his Capitol case, on April 7. Kelley provided a list of about 37 members of law enforcement who worked on his Jan. 6 case, prosecutors alleged. Edward Kelley was the fourth rioter to breach the Capitol on Jan. 6, 2021.
Persons: WASHINGTON, Donald Trump, Edward Kelly, FBI Edward Kelley, Kelley, Austin Carter, Carter, , WBIR, Christopher Roddy, Edward Kelley, Court Kelley, Kelley's, messaged Organizations: U.S, Capitol, FBI, NBC, WBIR, The, Planned, Federal Bureau of, Court, U.S . Capitol Locations: United States, Knoxville , Tennessee, Knoxville, FBI Knoxville, Washington
Big retailers’ fortunes are diverging as the holiday shopping season gets underway. On Wednesday, Target cited “lingering softness in discretionary categories” as a top factor in its disappointing third-quarter sales, as many budget-conscious shoppers continue to focus on necessities. It’s the latest sign that discounts will be the driving force this holiday season, as they’ve been for much of this year. “We’re starting to get back to normal here.”U.S. retail sales rose 0.4% overall in October, federal data showed last month, beating analysts’ forecasts. In the meantime, the steady expansion of e-commerce looks set to continue this holiday season.
Persons: , Brad Thomas, they’ve, TJ Maxx, John David Rainey, “ We’re, “ They’re, they’re, ” Thomas, Matthew Shay, TransUnion, Neil Saunders, Saunders, Helene, Milton, who’ve, ” Saunders Organizations: Target, Walmart, KeyBanc, Marshalls, CNBC, , National Retail Federation, GlobalData, NBC
We're raising our TJX price target to $135 per share from $130. The combined T.J. Maxx and Marshalls business unit was impacted by temporary closures resulting from hurricanes Helene and Milton. Guidance TJX sees fiscal 2025 fourth quarter EPS in the range of $1.12 to $1.14, which is below the $1.17 expected. Outside of North America, T.J. Maxx is known as T.K. North Miami Beach, Florida, T.J. Maxx & HomeGoods discount department store, furniture display and welcome sign.
Persons: HomeGoods, Ernie Herrman, Helene, Milton, TJX, Herrman, John Klinger, , Klinger, Maxx, Jim Cramer's, Jim Cramer, Jim, Jeff Greenberg Organizations: TJX Companies, TJX, Marshalls, Ross Stores, Burlington Stores, CNBC, North, Maxx, Getty Locations: Maxx, HomeGoods, Canada, United States, Spain, North America, North Miami Beach , Florida
Government crucial to Musk’s net worthIt’s worthwhile to ask just how much of his world-leading net worth comes from government help over the last 10 to 15 years. Tesla and SpaceX got started – and survived their early days – with assistance from state and federal policies, government contracts and loans. Tesla buyers received federal tax credits worth an estimated $3.4 billion before the perk disappeared entirely for Tesla buyers at the end of 2019. “Take away the subsidies, it will only help Tesla,” Musk posted on his social media platform X in July. According to USASpending.gov, the government database that tracks federal spending, SpaceX has signed contracts worth nearly $20 billion.
Persons: New York CNN — Elon Musk, Donald Trump, Musk, , Daniel Ives, SpaceX doesn’t, Tesla’s, Noah Berger, Tesla, Trump, ” Musk, Elon Musk, Frederic J . Brown, Ives, Brandon Bell, USASpending.gov, Casey Dreier, ” Dreier, “ Elon, Dreier, CNN’s Jackie Wattles Organizations: New, New York CNN, SpaceX, Trump, Government, Wedbush Securities, Reuters, Department of Energy, Biden, US, Tesla, Getty, NASA, International Space, Planetary Society Locations: New York, Fremont , California, Hawthorne , California, AFP, Brownsville , Texas, Russia
On Wednesday, his sentence was handed down by Judge Ronnie Abrams in federal court in Manhattan. Dr. Paduch, of North Bergen, N.J., was arrested last April. During appointments, the indictment said, Dr. Paduch told patients to masturbate in front of him, sometimes groping them or showing them pornography. During the course of the trial, 11 victims testified about abuse they had suffered under Dr. Paduch’s care, and dozens more wrote impact statements before he was sentenced Wednesday. Mallory Allen, a lawyer for a firm that represents 140 former patients who have filed civil suits against him, said in a statement that the sentence affirms that “heinous sexual abuse will not be overlooked.”
Persons: Ronnie Abrams, Paduch, Michael Baldassare, , Paduch’s, Mallory Allen Organizations: Presbyterian Hospital and Weill, Cornell Medical Center, Northwell Locations: Manhattan, North Bergen, N.J, New York, NewYork, Long
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'Really hard' to see how Target regains market share, says Jan KniffenJan Kniffen, J. Rogers Kniffen WWE CEO, joins CNBC's 'Squawk on the Street' to discuss why Target's stock is plunging today, why Walmart is taking market share from Target, and more.
Persons: Jan Kniffen Jan Kniffen, J, Rogers Kniffen Organizations: Target, Rogers Kniffen WWE, Walmart
TJX Companies touted a "strong start" to the holiday shopping season on Wednesday, but its shares slid after the fast-growing retailer offered guidance that appeared to underwhelm Wall Street. "The fourth quarter is off to a strong start, and we are excited about our opportunities for the holiday selling season. For its holiday quarter, TJX is expecting comparable sales to grow between 2% and 3%, largely in line with the 3% uptick that StreetAccount analysts had expected. TJX is standing by its comparable sales guidance of 3% growth for the full year, just shy of the 3.2% growth that StreetAccount analysts had expected. It raised its pretax profit margin outlook from 11.2% to 11.3%, which matches StreetAccount's expectations, along with its earnings per share guidance.
Persons: TJX, Ernie Herrman, It's, LSEG, Maxx, TJ Maxx Organizations: TJX Companies, LSEG, Company, It's, HomeGoods, TJX, Brands, United Arab, Burlington, Ross, Bank of America Locations: HomeGoods, Sierra, TJX Canada, Europe, Australia, Dubai, United Arab Emirates, Saudi Arabia, Spain
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNvidia will beat earnings, lead semis higher for the next four months: Cantor Fitzgerald's C.J. Muse, chip analyst at Cantor Fitzgerald, joins CNBC's 'The Exchange' to discuss which numbers he is focusing on in Nvidia's earnings, how the company can continue to grow in 2025, and more.
Persons: Cantor Fitzgerald's C.J, Muse C.J, Cantor Fitzgerald Organizations: Nvidia
The scene would have been impossible to predict three months ago: a motorcade of black sedans pulling up at the U.S. Senate to deliver JD Vance and Matt Gaetz on a mission to flex their new power. Mr. Vance had been a junior senator from Ohio when Donald J. Trump chose him to be his running mate over the summer. And Mr. Gaetz, a Florida congressman, inhabited the right-wing fringe, shadowed by allegations of drug use and sex with an underage girl. On Wednesday, Mr. Vance, now the vice president-elect, returned with considerably more political capital, but also significant questions about whether it was enough to persuade his erstwhile colleagues to confirm Mr. Gaetz as the nation’s top law enforcement officer. The two men, who have campaigned together before, hunkered down for much of the day in the Strom Thurmond Room in the Capitol, an ornate conference room just steps from the Senate floor, as senators streamed in individually and in pairs.
Persons: JD Vance, Matt Gaetz, Vance, Donald J, Trump, Gaetz, Strom Thurmond Organizations: U.S . Senate, Capitol Locations: Ohio, Florida
Federal investigators established a trail of payments from Matt Gaetz, President-elect Donald J. Trump’s choice to be attorney general, to women including some who testified that Mr. Gaetz hired them for sex, according to a document obtained by The New York Times and a lawyer representing some of the women. The document, assembled by investigators during a three-year sex-trafficking investigation into Mr. Gaetz, is a chart that shows a web of thousands of dollars in Venmo payments between Mr. Gaetz and a group of his friends, associates and women who had drug-fueled sex parties between 2017 and 2020, according to testimony that participants are said to have given to federal and congressional investigators. At the parties, women, and a girl who was 17 at the time, were paid for sex, according to accounts of the participants’ testimony from people briefed on what they said. The document bolsters recent claims by a lawyer for two of the women who say they had sex with Mr. Gaetz for money. It shows thousands of dollars in payments Mr. Gaetz made to both of the lawyer’s clients.
Persons: Matt Gaetz, Donald J, Gaetz Organizations: The New York Times
The San Francisco-based couple recently partook in a TikTok trend that features shoppers showing off the quirky items found at their local HomeGoods stores. “You feel the need to walk away with it because it’s gone the next day,” Gavello, 27, said about the appeal of HomeGoods products. But HomeGoods really does dictate for you, it tells you what to buy.”Wood said that he used to go to HomeGoods with his mom and pull out the weirdest items in the store to inspect. The official HomeGoods TikTok account commented on the couple’s video saying, “sometimes you don’t know what you need until you go to HomeGoods.”A representative for HomeGoods did not immediately respond to a request for comment Tuesday. Gordon said the TikTok trend is fun because it shows the wide range of decorations that exist across HomeGoods stores.
Persons: Aubrey Gavello, Alex Wood, it’s, ” Gavello, Wood, ” Wood, , HomeGoods, , Tatyiana Gordon, Gordon, “ It’s Organizations: TJX Companies, Sierra Trading, Marshalls, CNBC Locations: HomeGoods, San Francisco, Maxx, Syracuse , New York
Law enforcement missed critical opportunities to prevent a 2022 mass shooting at an LGBTQ+ nightclub in Colorado, a pair of lawsuits filed over the weekend allege. The suits claim that the massacre at Club Q in Colorado Springs, which killed five people and injured at least 19, could have been averted if authorities had enforced Colorado’s red flag law. The El Paso County Board of County Commissioners and former El Paso County Sheriff Bill Elder are named as defendants in the suits, which accuse them of negligence and, in the case of the deceased victims, wrongful death. A spokesperson for El Paso County declined to comment on the allegations, citing the pending litigation. The El Paso County defendants “willfully and wantonly ignored the shooter’s warning signs,” the legal documents say.
Persons: Barrett Hudson, El Paso County Sheriff Bill Elder, Elder, Anderson Aldrich, , Aldrich, wantonly, , ” Matthew Haynes Organizations: Q, El Paso County Board, El Paso County Sheriff, El, Associated Press, Flag Law, NBC News Locations: Colorado, Colorado Springs, U.S, El Paso County,
A New York City monsignor who raised eyebrows by allowing pop star Sabrina Carpenter to film a video in his church was relieved of duties after he allegedly mishandled nearly $2 million of church funds, church officials announced. The Diocese said the investigation "uncovered a pattern of serious violations of Diocesan policies and protocols by Monsignor Gigantiello." Former pastor of Shrine Church of Our Lady of Mount Carmel Monsignor Jamie Gigantiello in 2022 in Brooklyn, New York. Julia Demaree Nikhinson / AP fileIn January 2019, Gigantiello allegedly transferred $1 million of parish funds to Carone’s law firm, the Diocese said. The investigation also found other instances of the monsignor transferring and using parish funds in violation of Diocesan policies and protocols.
Persons: Sabrina Carpenter, Monsignor Jamie Gigantiello, Bishop Robert J, Brennan, Eric Adams, Monsignor Gigantiello, Frank Carone, Carone, Adams, Mount Carmel, Jamie Gigantiello, Julia Demaree Nikhinson, Gigantiello, Monsignor, Arthur Aidala, Aidala, Bishop Brennan, Bishop Witold Mroziewski, Deacon Dean Dobbins, Monsignor Gigantiello’s, Deacon Dobbins, Dobbins Organizations: York City, Roman Catholic Diocese, New, New York City, NBC, NBC New York, Our, Carone, NBC New, Development Locations: Carmel, Brooklyn, New York, NBC New York, NBC New, Shrine, Brooklyn , New York
And Gaetz himself has been making calls to GOP senators and visiting his own loyalists in the House GOP. The pressure is all building ahead of a planned Wednesday meeting of the House ethics panel, which is expected to discuss the fate of the report. But privately, Republicans on the panel are signaling that they could bury the report as Gaetz and Trump are making direct appeals. In a call last week to GOP Sen. Josh Hawley, Gaetz urged him “to give him a shot,” Hawley told CNN. Meanwhile, nearly 100 House Democrats are calling on the House Ethics Committee to “immediately” release the report.
Persons: Matt Gaetz, J.D, Vance, Donald Trump’s, Gaetz, GOP Sen, Chuck Grassley, we’ve, ” Grassley, “ You’ve, , Sen, John Kennedy, Pete Hegseth, Elise Stefanik, Doug Collins, Trump, Lindsey Graham, Judiciary —, Josh Hawley, , ” Hawley, Hawley, Mike Simpson, ” Simpson, , Simpson, Kevin McCarthy, “ Matt, Rogers, Gaetz wouldn’t, Tim Burchett, he’s, Glenn Ivey, Ivey Organizations: CNN, GOP, Capitol Hill, Republican, Trump, Louisiana Republican, Fox News, Department of Defense, United Nations, Veterans Affairs, Judiciary, House, Caucus, Missouri Republican, Republicans, Armed, Democrats, Capitol, Florida congressman, ” Democratic, Maryland Locations: Trump, Louisiana, United, Gaetz, Florida
Since moving to Paris, I've worn a tinted base (sometimes mixed with moisturizer) on my face five times a month at the most. AdvertisementOne of the first things I noticed in Paris was how little makeup most French women wear. AdvertisementI've learned to embrace natural browsFilling my thin, blonde eyebrows with a pencil was part of my makeup routine in the US. AdvertisementI believe my skincare routine has completely improved my complexion, as my face seems plumper, more radiant, and brighter. I hardly ever wear a set of false lashesFalse lashes aren't part of my going-out makeup routine anymore.
Persons: I've, American who's, Amanda Rollins I've, you'd, Iuliia Pilipeichenko, La Roche, I'm Organizations: Maxx Locations: Boston, Paris, American, France, mascara, NUXE Paris
MALAGA, Spain — Rafael Nadal’s professional tennis career is over, his final match a 6-4, 6-4 defeat to Botic van de Zandschulp of the Netherlands at the Davis Cup. AdvertisementNadal had flashes of his old self during the loss to Van de Zandschulp, but they were all too brief. With Nadal out it was left to Carlos Alcaraz to save him and to save Spain. Rafael Nadal retires from tennisRafael Nadal won four Davis Cups with Spain. He retires with 22 Grand Slam titles, second only to Novak Djokovic in men’s tennis history with 24.
Persons: Spain — Rafael Nadal’s, Botic van de Zandschulp, Carlos Alcaraz, Marcel Granollers, Wesley Koolhof, Van de Zandschulp, Nadal, Van de, Alcaraz, Marcus Granollers, courtside, Granollers, Rafael Nadal, Clive Brunskill, Novak Djokovic, Roger Federer, Roland Garros, Robin Soderling, Carlos Moya, Djokovic, Federer, , Oscar J . Barroso Organizations: Davis, Nadal, Dutch, Spain, ATP, Wimbledon, Australian, U.S, Federer, Getty Locations: MALAGA, Spain, Netherlands, Alcaraz, Paris
Mr. Trump’s appearance at the launch demonstrates the growing closeness between the two billionaires, and Mr. Musk’s increasing influence in Mr. Trump’s realm. Last week, Mr. Trump announced that Mr. Musk would lead a yet-to-be-created government agency, and Mr. Musk has become a staple in Mr. Trump’s transition. Mr. Musk has frequently attended meetings with him at Mar-a-Lago, Mr. Trump’s private residence, and traveled with Mr. Trump to meetings in Washington. As has been the case with many of Mr. Trump’s job candidates, Mr. Musk’s influence and presence brings potential conflicts of interest. Although he and Mr. Musk only recently became close allies, Mr. Trump had long expressed admiration for Mr. Musk’s rocket launches and would frequently reference SpaceX during campaign speeches.
Persons: Donald J, Trump, SpaceX’s, Elon Musk, Musk, Trump’s, Musk’s Organizations: Elon, Mar, Mr, Musk’s SpaceX, SpaceX, Musk’s Locations: Brownsville , Texas, Washington
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