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☆ Could Trump reinstate the student debt that Biden forgave? Here's what experts say
▼ + stars: | 2024-11-20 | by ( Annie Nova | ) www.cnbc.com time to read: +3 min

Under Trump, the U.S. Department of Education is likely to abandon its efforts to deliver wide-scale student loan relief , experts say. It has done so mostly by improving existing student loan relief programs that had long been plagued by problems, including the Public Service Loan Forgiveness initiative and income-driven repayment plans. In June, U.S. District Judge Daniel Crabtree in Wichita, Kansas, described student loan forgiveness as having an "irreversible impact," in his decision to block one of the Biden administration's relief measures. For example, in February, some borrowers saw their debts reinstated under the Public Service Loan Forgiveness program. In a new report, the Consumer Financial Protection Bureau cites, among the errors reported by student loan borrowers, "balance reinstatements," in which a loan servicer tacks a loan balance back on to one's account.

Persons: I've, Trump, Mark Kantrowitz, who've, Joe Biden, Betsy Mayotte, Daniel Crabtree, Biden, aren't, Kantrowitz, they've, tacks Organizations: Trump, U.S . Department of Education, Education Department, Public, The, Student Loan Advisors, District, Finance, Black, College Investor, Consumer Financial, Bureau Locations: U.S, Wichita , Kansas

☆ Product managers rule Silicon Valley. Not everyone is happy about it.
▼ + stars: | 2024-11-20 | by ( Amanda Hoover | ) www.businessinsider.com time to read: +10 min

Several companies, from Airbnb to Snap, are now reconsidering the utility of product managers entirely, while others claim that the product manager's reign will only expand in the age of AI. Advertisement"The shift in power moved from engineering to product managers," says Hubert Palan, the CEO of Productboard, a company that provides software for product managers. "The product manager is at the center of everything," says Avi Siegel, a former product manager who's working on his own startup, Momentum. Whether their coworkers are happy about it or not, product managers are gaining recognition. "The future really does belong to product managers," says Frank Fusco, a product manager turned CEO of a software company called Silicon Society.

Persons: Elle, Sundar Pichai, Satya Nadella, YouTube's Neal Mohan, Gamble, Hubert Palan, doesn't, Avi Siegel, who's, Aaron, he's, ZipRecruiter, Zippia, I've, they're, Palan, Meg Watson, Watson, Brian Chesky, Paul Graham —, Frank Fusco, Fusco Organizations: LinkedIn, Procter, Hewlett, Packard, Microsoft, Apple, Google, Companies, Big Tech, Carnegie Mellon University, . News, McKinsey, Software, Spotify, Chesky, Silicon Society

Plus, not all of his Fox News picks are for Cabinet roles. A TV doc to oversee health insurance for 160 million-plus AmericansDr. Mehmet Oz outside of a polling location during the primary election in Rockledge, Pennsylvania, on May 17. In between failed bids for the Republican presidential nomination in 2008 and 2016, Huckabee hosted a show on Fox News. Homan was actually the first of Trump’s picks to be announced from the Fox News orbit. An anti-mainstream conspiracy theorist and author to oversee health policyRobert F. Kennedy Jr. in New York in May.

Persons: Joe Biden, Donald Trump, Trump’s, Trump, Dan Bongino, Read, Hegseth, John Lamparski, Pete Hegseth, Tulsi Gabbard, Mehmet Oz, Hannah Beier, Oprah, Mike Huckabee, Chip Somodevilla, Sarah Huckabee Sanders, Huckabee, he’s, there’s, Sean Duffy, Mary F, Reuters Long, MTV’s, ”, Duffy, Rachel Campos, she’s, “, Justin Sullivan, Robert F, Kennedy Jr, Elon, Gabbard, Hillary Clinton, ’ Tom Homan, Kamil Krzaczynski, Tom Homan, ” Homan won’t, Homan, Brian Stelter, Anthony Scaramucci, Richard Grenell, Heather Nauert, Morgan Ortagus, Bill Shine, Lev Radin, Kennedy, There’s, Dr, Anthony Fauci, Bill Gates, Peter Bergen, Linda McMahon, Jeenah, McMahon, Vince McMahon Organizations: CNN, ”, Black Americans, Fox News, Service, Fox News Channel Studios, Army National Guard, Joint Chiefs of Staff, Army, Medicare, Services, Holy Land Former Arkansas Gov, Republican, Trinity Broadcasting Network, Calvert, Reuters, Boston, Trump, “ Fox, Friends, Hegseth, Fox Business, Fox, Democratic Party, Democratic, Elon Musk’s, Convention, Getty, Customs, Human Services, New York Times, Republican National Convention, Trump’s, Business Administration, WWE Locations: America, Washington, New York, New York City, Iraq, Rockledge , Pennsylvania, Pennsylvania, Drexel Hill , Pennsylvania, Arkansas, Jerusalem, Israel, Rayburn, Washington , DC, Wisconsin, Russia, Las Vegas, Syria, Milwaukee, AFP

☆ Target sounds the alarm bell on holiday shopping
▼ + stars: | 2024-11-20 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +2 min

New York CNN —Target is expecting a surprisingly weak holiday shopping season, a warning sign for the retail industry. The holiday shopping season is pivotal for retailers. While Target can survive a weak holiday season, many smaller companies depend on strong sales during the holidays. But Target has also slumped because of its merchandise mix and higher prices compared to rivals like Walmart. Walmart raised its financial outlook, a signal it expects a strong holiday shopping season.

Organizations: New, New York CNN, Target, Walmart, Costco Locations: New York

☆ Savings, CD and Checking Account Interest Rates Today: Earn up to 5% APY
▼ + stars: | 2024-11-20 | by ( Business Insider | ) www.businessinsider.com time to read: +7 min

Featured High Interest Checking Account Offers Compare checking accounts that offer high APYs, rewards on debit card purchases, or both. UFB Direct Freedom Checking with Portfolio Savings: Earn 2.00% APY on your checking account. High-Yield Savings AccountsThe best high-yield savings accounts provide the security of a savings account with the added bonus of a high APY. A checking account is like a hub for your money: If your paycheck is direct deposited, it's typically to a checking account. 2-Year CDsThe best 2-year CD rates will be slightly lower than 1-year and no-penalty CD rates.

Persons: APYs, —, Cash, we've Organizations: Federal Reserve, Cash Locations: —

☆ Japan exports rise more than expected in October, rebounding from 43-month low
▼ + stars: | 2024-11-20 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Japan's exports posted a 3.1% rise in October compared to a year ago, rebounding from a fall in September that marked a 43-month low. The climb beat expectations of a 2.2% rise from economists polled by Reuters, and is a reversal from the 1.7% fall in September. Government data showed that Japanese exports increased the most to the Middle East region, recording a 35.4% rise, compared to the same period a year ago. He added: "Any escalation of tensions between the U.S. and China on tariffs and trade is likely to weigh upon global trade and global growth. Japan, as an open and cyclical economy, will be impacted by any deterioration in global trade and the global economy."

Persons: September's, Daniel Hurley, Rowe Price, Donald Trump's Organizations: Reuters, U.S, Trump Locations: Yokohama, Japan, East, China

☆ Billy Bob Thornton on His Movie & TV Roles: 'Friday Night Lights,' 'Landman'
▼ + stars: | 2024-11-20 | by ( Jason Guerrasio | ) www.businessinsider.com time to read: +12 min

But for his latest role starring in the Paramount+ drama "Landman," Thornton was tasked with a new, unique challenge: playing a version of himself. On ad-libbing his famous 'Friday Night Lights' speechThornton in "Friday Night Lights." Universal Pictures2004's "Friday Night Lights" is a beloved sports movie, and a big reason for that is the locker room speech your character, Coach Gary Caines, delivers. AdvertisementIn the pilot episode of "Landman," you film a scene at the high school football stadium in Odessa, Texas, where you filmed "Friday Night Lights." I ran into extras who were the children of extras on "Friday Night Lights."

Persons: Billy Bob Thornton, Thornton, Taylor Sheridan, it's, Tommy Norris, Norris, Tommy, Angela, Ali Larter, Monty, Jon Hamm, Billy Bob, Billy McBride, there's, Billy Wilder, Kurt Russell Bill Paxton, Stanley Donen's, Dan Aykroyd, Donna, Dan, Dudley Moore, Debbie Reynolds, Sammy Cahn, Sinatra, Stanley Donen, Bill Paxton, Bill, Rick Rossovich, Jeff Fahey, Kurt Russell, Kurt, Harvey Weinstein, Matt Damon, Penélope Cruz, Oscar, It's, Weinstein, Harvey, Matt, Damon, Cruz, Henry, Thomas, Lucas Black, Jayne Mansfield's, Gary Caines, Jerry Jones, Pete Berg, Boobie Miles Organizations: Paramount, Sporting, Bel Air, Columbia, Getty, Miramax Films, Sony, Miramax, Universal, Cowboys Locations: Fargo, West Texas, Mexican, Bel, Hollywood, Austrian, Fort Worth, Hot Springs, Odessa , Texas

☆ US admiral says sending Israel and Ukraine weapons like Patriot missiles is eating into what's needed for countering China
▼ + stars: | 2024-11-20 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

"It's now eating into stocks," he said on Tuesday of advanced weapon shipments to Ukraine and Israel. The US Navy's top commander in the Indo-Pacific raised concerns on Tuesday that the Pentagon's advanced weapons shipments to Ukraine and Israel could sap the strength it needs to deal with China. While speaking at the Brookings Institution, Adm. Samuel Paparo said he initially hadn't been concerned with the weapons sent to the Middle East and Europe. Adm. John Aquilino, Paparo's predecessor at Indopacific Command, said in March that China could be ready to invade Taiwan as early as 2027. AdvertisementPress teams for the Pentagon and Indo-Pacific Command did not respond to requests for comment sent outside regular business hours by Business Insider.

Persons: Sam Paparo, Paparo, Samuel Paparo, hadn't, who's, it's, John Aquilino, Mike Miniham Organizations: Pentagon, US, Brookings Institution, Pacific Command, Patriots, Israel, Indopacific Command, US Air Force, Press, Business Locations: China, Ukraine, Israel, East, Europe, Kyiv, People's Republic of China, Russia, Taiwan, Beijing

If the Fed doesn't cut rates in December, we may see mortgage rates inch up. See more mortgage rates on Zillow Real Estate on ZillowWhat Are Today's Mortgage Refinance Rates? See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates will affect your monthly and long-term payments. Current 30-Year Mortgage RatesAverage 30-year mortgage rates are hovering around 6.60%, according to Zillow data. But now that inflation has decelerated and the Fed has started cutting rates, mortgage rates have trended down compared to where they were a year ago.

Persons: Jerome Powell, It's, they've, Freddie Mac, Fannie Mae Organizations: Federal Reserve, Fed, Mortgage Research, Zillow, Mortgage, Association, ARM, . Government Locations: Chevron, Government

☆ The future of travel in the Middle East
▼ + stars: | 2024-11-20 | 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 EmailThe future of travel in the Middle EastGlobal travel CEOs speak to CNBC's Emma Graham at Skift Global Forum East in Dubai about the future of travel in the Middle East.

Persons: Emma Graham Organizations: East Global, Skift Global Locations: Dubai

☆ Nvidia's earnings cleared our lofty bar. Here’s our new price target on the AI chip king
▼ + stars: | 2024-11-20 | by ( Zev Fima | ) www.cnbc.com time to read: +11 min

Simply put, the leading maker of AI chips again fell victim to the curse of high expectations. Through its Nvidia AI Enterprise service, Nvidia is in the process of building out a potentially massive software business. Now, as we start this next generation, we'll be seeing models run on 100,000 Blackwell chips — and scaling is still in effect. Huang's argument is that going beyond 100,000 Blackwell chips will yield even more capable models. It's a fair question to ask because Nvidia's stock has historically taken a pretty big hit when its customers – such as cloud-computing providers – start uttering that phrase.

Persons: That's, Nvidia's, Blackwell, Colette Kress, Hopper, Kress, Jensen Huang, Huang, there's, Jim Cramer's, Jim Cramer, Jim, Akio Kon Organizations: Nvidia, Revenue, Enterprise, Devices, Intel, Hopper, Blackwell, Microsoft, Meta, CNBC, Nvidia Corp, Summit Japan, Bloomberg, Getty Locations: U.S, Tokyo, Japan

☆ 3 urgent tasks awaiting Trump’s pick for Treasury secretary
▼ + stars: | 2024-11-20 | by ( Tami Luhby | Matt Egan | ) edition.cnn.com time to read: +7 min

His Cabinet picks, including the Treasury secretary, traditionally have to be confirmed by the Senate. “The Treasury secretary has historically played a significant role in advancing the administration’s tax policy priorities,” Akabas said. Next year, Trump’s Treasury secretary will act as the quarterback, executing his economic gameplan. It will also fall to Trump’s Treasury secretary to put out fires in financial markets or in the real economy like the regional bank failures that rocked Wall Street and Washington early last year. Trump’s Treasury pick will also help manage the complicated relationship between the president and Federal Reserve Chairman Jerome Powell.

Persons: Donald Trump’s, Trump, “, ”, Ed Mills, Raymond James, Janet Yellen, Shai Akabas, Steven Mnuchin, ” Akabas, Isaac Boltansky, Jerome Powell, Powell, Mills Organizations: CNN, Quarterbacking, Treasury Department, Department, Treasury, Trump, Senate, Republicans, Capitol, Wall, Washington, Committee, Federal, Fed, Trump White House Locations: Washington, filers

The surgeon general’s 837-page report on tobacco use found that 37.8% of gay, lesbian and bisexual U.S. adults have tried electronic cigarettes, compared with just 16.5% of their straight counterparts. He said that LGBTQ people use tobacco products at higher rates largely because of “long-standing stigma” within health care settings. Still, 36 million U.S. adults and 760,000 middle and high school students smoke tobacco products, according to the report. Since 2014, the most commonly used tobacco product among U.S. youths and young adults is e-cigarettes. “These and other noncombustible tobacco products such as nicotine pouches have the potential to undermine overall progress in preventing and reducing young people’s use of tobacco products,” the authors stated.

Persons: general’s, ”, Kristy Marynak, ” Marynak, Scott Hadland, he’s, ” Hadland, “, KFF, Hadland, Red Kamel Organizations: Centers for Disease Control, American Lung Association, Mass, Children, Harvard Medical School, Kaiser Family Foundation, Tobacco, Red, Justice Department and Food and Drug Administration Locations: United States, San Francisco, U.S

Now, Fonsi is making his debut as a lead actor in the film “Say a Little Prayer,” which opens at AMC and other theaters nationwide Friday. The movie, which features a nearly all-Latino cast, follows the romantic adventures of three best friends in San Antonio. “And to be able to do that in a film is great.”A poster for “Say a Little Prayer,” opening Friday. Luis Fonsi performs the theme song from “Say a Little Prayer” in San Antonio. The cast and crew of “Say a Little Prayer” in San Antonio in October.

Persons: Luis Fonsi's, “, ”, I’d, Anthony, Rafael, It’s, valentine, Fonsi, ” Fonsi, Vannessa Vasquez, Jackie Cruz, Vivian Lamolli, Angélica María, Chris Kattan, Luis Fonsi, Patrick Perez Vidauri Vasquez, Adela, Vasquez, ” Vasquez, carne, Selena, ’, Latinas, Cristina Nava, ” Nava, ” Vivian Lamolli, Nava, Jeff Valdez, Sol Trujillo, Edward James Olmos, Olmos, El Viaje, It's, Daddy Yankee, That’s, “ I’m Organizations: NBC News, AMC, Productions, westside, Centro de Artes, San, San Fernando Cathedral, “, Hulu, Cadence Productions, McKinsey & Company, El, YouTube Locations: Miami, Madrid, San Antonio, San Fernando, Mexican, Houston, Los, Latina, Antonio, Hollywood, “, America, U.S, Spain, Puerto Rico

Authorities announced an arrest Monday in the brutal murder of an exotic dancer whose body was discovered in a burning car on an Arizona interstate more than a year ago. Vega’s mother, Erika Pillsbury, said that for 19 months she felt like her daughter would never see justice. On April 18, the Charger was found in the middle of a road roughly one mile from Vega's apartment, the sheriff’s office has said. The sheriff's office has declined to comment. The 911 caller who reported the car fire saw someone walking around the Malibu, according to the report, which did not provide additional details about the person.

Persons: Sencere Hayes, Mercedes Vega, Hayes, Vega’s, Erika Pillsbury, “, ” Pillsbury, Mercedes Vega Erika Pillsbury Vega’s, Vega Organizations: Maricopa County Sheriff’s, Chevy Malibu, NBC News, Authorities, Farm Insurance Locations: Arizona, Tennessee, Maricopa County, Tonopah, Phoenix, Malibu

☆ Meet Wall Street billionaire Howard Lutnick, Donald Trump's nominee for commerce secretary
▼ + stars: | 2024-11-19 | by ( Reed Alexander | Emmalyse Brownstein | ) www.businessinsider.com time to read: +1 min

AdvertisementDonald Trump has tapped Wall Street CEO Howard Lutnick for commerce secretary. Lutnick has spent over three decades running Cantor Fitzgerald, an investment bank in New York. Howard Lutnick, the CEO of Wall Street investment bank Cantor Fitzgerald, has been named the next US secretary of commerce for Donald Trump. AdvertisementThe Wall Street veteran has spent his career at financial-services firm Cantor Fitzgerald, where he has been president and CEO since 1991. Here's a look at Lutnick's rise from "middle-class Long Island" to Wall Street boss and what his new role could mean for the investment bank he heads.

Persons: Donald Trump, Howard Lutnick, Lutnick, Cantor Fitzgerald Organizations: Wall, Commerce Department, Senate, Street, Trump Locations: New York, Wall Street, China

☆ I've spent years living overseas. When I returned to the US, my reverse culture shock was so bad I left after 2 months.
▼ + stars: | 2024-11-19 | by ( Lola Méndez | ) www.businessinsider.com time to read: +4 min

AdvertisementI lived abroad for years before returning to the United States for a bit in 2018. I left after two months when struggling with reverse culture shock. I left the United States in September 2015 because I wanted to experience living abroad as an adult. AdvertisementMy mom and sister had been visiting me in Chiang Mai, Thailand, when I ended a long-term relationship with the partner I'd been living with. All of this combined meant I only lasted in the United States for about two months before I returned to Chiang Mai.

Persons: I'd, Chiang, Spencer Platt, John F, Chiang Mai, I've Organizations: Kennedy International Airport, Trump Locations: United States, Chiang Mai, Thailand, Florida, Fort Lauderdale, Spain, Italy, Tallahassee

☆ Rocket Lab's CEO practices founder mode like Elon Musk — but he'd rather pan for gold on Earth than live on Mars
▼ + stars: | 2024-11-19 | by ( Ana Altchek | ) www.businessinsider.com time to read: +7 min

AdvertisementHeadquartered in Long Beach, California, Rocket Lab employs over 2,000 people globally. It's an "end-to-end space company," providing launch services, spacecraft, satellite components, and on-orbit management. Rocket Lab is valued at a fraction of that, with a market cap of around $9.5 billion. He said that's the nature of who he is — and the job of running a rocket company. AdvertisementBeck describes running a rocket company as "running through a maze in the middle of the night."

Persons: Peter Beck, Beck, Elon Musk, you've, Donald Trump, Trump, David, faze Beck, Virgin, Virgin Orbit, Jeff Bezos, Rutherford, Ernest Rutherford, We've, we've, doesn't, Beck doesn't, blissfully Organizations: SpaceX, Rocket, Department of Government, Lab, Rocket Lab, New Zealand Locations: New Zealand, Long Beach , California

☆ We thought we wanted kids until our friends started having them. It helped us realize we want to stay child-free.
▼ + stars: | 2024-11-19 | by ( Gary Nunn | ) www.businessinsider.com time to read: +4 min

They were initially 50/50 about having children; now, they're sure they want to remain childless. On my first date with my husband, Rohan, we discussed whether we wanted kids. Seeing our friends have kids changed our decisionPrior to this relationship, I'd been engaged when I was 19 to a man I knew wanted kids. AdvertisementWith my now-husband, seeing our friends have kids and how that looked for them changed our minds about having kids. AdvertisementThere are benefits to not having kids, but friendships have changedWe already feel the benefits of not having children.

Persons: Jasmine Parasram, They've, Rohan, neurodivergent, I've, I'd, We'd, —, We've, we've, We're, who've, it's Locations: Melbourne, Australia

☆ I'm 76 and raising my 3 grandsons. This is not what I thought retirement would look like.
▼ + stars: | 2024-11-19 | by ( Jane Ridley | ) www.businessinsider.com time to read: +3 min

AdvertisementPhyllis Cavone, 76, and her 75-year-old husband are raising their three teenage grandsons. My husband, Francis, 75, and I pride ourselves on taking them to as many games and training sessions as we can. The mom said Christopher's older brother, Francis, 17, met them at the practice. When we were younger, we didn't think our retirement would look anything like it does now. AdvertisementCavone's baseball fan grandsons, Christopher, 13, Dominic, 15, and Francis, 17, when they were younger.

Persons: Phyllis Cavone, Cavone, it's, Francis, Christopher, Dominic, curveballs, — Organizations: Business Locations: Orlando, Philadelphia, Pennsylvania, Florida

Empty lot Grand Ave. Dean St. Project site Pacific St. The Upper West Side project was recommended for approval while the Crown Heights project wasn’t. The Upper West Side project was recommended for approval while the Crown Heights project wasn’t. The Upper West Side project was recommended for approval while the Crown Heights project wasn’t. City Council vote Here’s where things ended for the Crown Heights project, which was rejected by the council member from the area.

Persons: Nadine Oelsner, Dean St, Aviles, Booker T, Booker, Oelsner, It’s, Crystal Hudson, Oelsner’s, Hudson, Mark Levine Organizations: New York, West, Street Manhattan Queens, Street Brooklyn Staten, Street Brooklyn, . Census, Crown, Census, 108th, Google, West Side Federation for Senior, 109th St, St, Washington, Washington Middle School, Washington Middle, Side Federation for Senior, Budget Commission, Manufacturing, Fulton St, Vanderbilt, ., Plaza Manufacturing, Army Plaza Lafayette, Army Plaza Lafayette Ave . Manufacturing, , New York City Department of City Planning, Riverside Park, Broadway, St ., St . West 108th St, , New York City Department of, HSN, Pontiac, West Side, West Side Federation, City Planning Department Locations: New, United States, Crown Heights, Brooklyn, Manhattan, Westchester County, Long, New York City, Street Brooklyn Staten, Prospect, Crown, U.S, Park, Riverside, Phoenix, Atlanta, City, St, Fulton, Ave, Vanderbilt Ave, Franklin, Army Plaza Lafayette Ave, , New, St . West, Amsterdam, Heights

☆ Being aerobically fit in middle age may reduce Alzheimer’s and dementia risk, study says
▼ + stars: | 2024-11-19 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +7 min

CNN —Doing more aerobic exercise in middle age and old age may reduce the risk of dementia, including Alzheimer’s disease, a new study found. Without effort, however, cardiorespiratory fitness declines as people age. “This study found a dose-dependent — meaning more was better — effect of exercise fitness on several critical types of cognitive performance,” Isaacson said. Biking, running, jogging, swimming, hiking and briskly walking can all improve cardiorespiratory fitness, experts say. The study showed that people with high cardiorespiratory fitness were more likely to take care of themselves, and therefore protect the heart-brain connection.

Persons: ”, Weili Xu, ” Xu, Richard Isaacson, “ I’ve, ” Isaacson, Dr, Valentin Fuster, Fuster, ” Fuster, “ Organizations: CNN, Aging Research, Karolinska Institute, American Heart Association, British, of Sports Medicine, Mount, Hospital, Mount Sinai, Heart Federation, Cleveland Clinic Locations: Stockholm, Florida, Mount Sinai, Mount, New York City

☆ Hugh Grant, 64, says he had his 5 kids 'much too old in life'
▼ + stars: | 2024-11-19 | by ( Erin Liam | ) www.businessinsider.com time to read: +3 min

Hugh Grant recently opened up about the challenges — and perks — of having kids later in life. Related Video"But I had them much too old in life you know, I started when I was 52," he said. AdvertisementHaving children later in life has helped him as an actor, Grant said. The dad of five, however, said that having kids is nice. She added that having children later also means that she's more emotionally secure.

Persons: Hugh Grant, Grant, Hill, Maria, Tinglan Hong, Anna Eberstein, Kelly Clarkson, Caitlin Weaver, Weaver, Ryan Crawley, Crawley Organizations: Business Insider, BI

☆ Women prefer to play mobile games. China's Tencent sees an opportunity
▼ + stars: | 2024-11-19 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Tencent's Honor of Kings mobile game drew a record 33,000 fans to watch a final competition in Beijing on Nov. 16, 2024. Surprisingly, many in the crowd were young women, reflecting how interest in mobile games has broadened out from the stereotypical male player in the days of console and PC gaming. Honor of Kings, which claims 100 million players a day, uses a similar format with two teams of five players each. His analysis found that 95% of women prefer mobile games. A newly branded Honor of Kings global championship was held last month in Jakarta, Indonesia's capital, with Malaysian team Black Shrew Esports winning the $300,000 first prize.

Persons: Evelyn Cheng, Kings, Gao, of, Jackie Huang, Huang, Xiaofeng Zeng, Niko Partners, Zeng Organizations: Kings, CNBC, of Valor, of Kings, global, Tencent, Gaming, Riot, Malaysian Locations: Beijing, Evelyn Cheng BEIJING, China, Shanghai, Riyadh, Saudi Arabia, Chinese, North America, Europe, Japan, U.S, India, Malaysia, Indonesia, Southeast Asia, Jakarta

☆ Federal jobs are known for their stability. Now they could be in jeopardy as Musk pushes for deep spending cuts.
▼ + stars: | 2024-11-19 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

Tech: We're in the middle of a white-collar recession, and tech workers are shouldering much of it . We're in the middle of a white-collar recession, and tech workers . AdvertisementElon Musk's government efficiency commission has been tasked with cutting government spending, raising questions about the future of millions of jobs. Tech jobs are mired in a recession. White collar hiring is in a huge slump, and tech workers are some of the hardest hit .

Persons: Trump hasn't, Tesla, Chelsea Jia Feng, Madison Hoff, Vivek Ramaswamy, Musk, Alice Tecotzky, John L, Dorman, Allison Robbert, Scott Bessent, Cantor Fitzgerald, Howard Lutnick, Marc Rowan, Kevin Warsh, Trump, Goldman Sachs, Morgan Stanley, Natalie Ammari, Uber, Verily, —, Rebecca Zisser, Elon Musk, Bluesky —, Jake Paul's, Netflix's Jake Paul, Mike Tyson, wasn't, Donald Trump's, Satya Nadella, Dan DeFrancesco, Grace Lett, Ella Hopkins, Hallam Bullock, Amanda Yen, Milan Sehmbi Organizations: Business, Google, Trump, Tech, Getty, Elon, Department of Education, Veterans Affairs, Department of Government, Social Security, Medicare, Twitter, Getty Government, Allison, Treasury, BCA Research, Goldman, BI, LinkedIn, Microsoft, China Economic, Security, Walmart Locations: Washington , DC, China, Brazilian, New York, Chicago, London

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