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A cease-fire deal to end the conflict between Israel and Lebanon’s Hezbollah militia was close but not complete Monday, three senior Biden administration officials told NBC News. Over the weekend, Israeli airstrikes killed at least 20 people in the Lebanese capital of Beirut while Hezbollah fired more than 200 rockets at Israel, leaving neighborhoods in flames, according to the Israeli military. Amir Levy / Getty ImagesThe latest clashes follow months of intensifying fighting between Israel and Iran-backed Hezbollah, with Hezbollah firing rockets and other projectiles into Israel after the surprise Oct. 7, 2023, Hamas attack that ignited the war in Gaza. The attacks have spanned as far as parts of Syria, where a recent Israeli airstrike killed a senior Hezbollah commander. Talks of a possible cease-fire come about a month after Israel attacked Iran on its soil, stoking fears that Iran would retaliate and dramatically escalate tensions in the region.
Persons: John Kirby, it’s, Amir Levy, Danny Danon, Miriam al, Ed Ram Organizations: Hezbollah, Biden, NBC News, House, Palestinian, Hamas, United Nations, Washington, Getty Locations: Israel, Beirut, Rinatya, Iran, Gaza, Lebanon, Beirut's Basta, Syria
Formula 1 announced Monday that it has approved the entry of GM and Cadillac as a new team on the grid, bringing a storied American car maker into the pinnacle of motorsport. But the added promise from GM to become a “works” team — building both a car and a power unit — led to a breakthrough. It will be the first time since 2016 that F1 has had more than 10 teams on the grid. One of those existing teams, Haas F1, is owned by American Gene Haas with headquarters in North Carolina. The move sets up a clash of two American car giants, GM and Ford, in Formula 1.
Persons: , Andretti, we’re, Mark Reuss, ” Mario Andretti, I’m, Mark Walter, Dan Towriss, ” Andretti, , Daniel Francis, Michael Andretti, Haas, Gene Haas, Liam Lawson, Valtteri, ” Bottas, Ford, Red Bull, “ Ford, Red, Christian Horner Organizations: GM, Cadillac, Andretti Global, Las Vegas, Prix, General Motors, FIA, Liberty Media, TWG, Andretti, Formula, , , Washington , D.C, Justice Department, NYU School of Law, Las, NBC News, Sauber, Ford, Red Bull, Sky Sports Locations: American, Washington ,, U.S, North Carolina, Las Vegas
Macy’s on Monday said an employee responsible for managing accounting for small package deliveries concealed up to $154 million in expenses over the course of nearly three years. Macy's said it discovered the issue while preparing its financial report for the three-month period ending Nov. 2. The company said the employee, who was responsible for the accounting of small package delivery expenses, "intentionally made erroneous accounting accrual entries" to hide about $132 million to $154 million from the fourth quarter of 2021 through the most recently completed quarter. The independent investigation hasn't identified any other Macy's employee, the company said. The move will leave 350 Macy’s locations, as well as Bloomingdale’s and Bluemercury beauty and skin care stores, which the company said have been “outperformers” within the Macy’s portfolio.
Persons: Macy’s, didn't, Macy's, Tony Spring Organizations: Inc
But it doesn’t have to, just ask the world’s flight attendants. “It’s important for flight attendants to know who is sitting in what seats,” she says. And during those quieter moments, he says flight attendants “honestly love to talk to passengers.”We love when people come back and talk to us. Liz SimmonsFor flight attendants, interacting with the occasional famous face is just part of the job. While gifts are thoughtful, flight attendants don’t expect them, and especially not extravagant ones.
Persons: anyone’s, Hunter Smith, Lihas, Liz Simmons, you’ve, Elijah Nouvelage, Smith, , , you’re, Kamil Krzaczynski, Simmons, Mike Blake, FlightRadar, “ It’s, you've, Joshua Lott, don’t, Kent Nishimura, “ I’m, who’s, they’ve, it’s, — Simmons, ” Smith, there’s, — isn’t, ” Simmons, “ It’ll, Alexander Spatari, ” I’ve, who’ve, lister, I’ve, she’s, everyone’s, Liz Simmons “, ’ Simmons, Kevin Lamarque, “ I’ve, They’re Organizations: CNN, Reuters, Getty, Facebook, Los Angeles Times, Netflix, Hallmark, Hollywood, , Disney Locations: Florida, AFP, earshot, Greece, You’re, London, New York,
With uncertainty lingering over how President-elect Donald Trump's policy intentions could affect vital parts of the economy, December no longer looks like a done deal for an interest rate cut. Primarily, it was Trump's victory and the extent to which his policies will stimulate the economy and perhaps goose inflation. In a recent CNBC interview, Bessent advocated for a gradual implementation of tariffs and insisted that Trump has no desire to stoke inflation. A market rally Monday lost a little bit of its steam as well as investors continued to weigh the prospects for Fed policy. "It is really, really hard to argue the other side of tariffs will slow growth and raise inflation.
Persons: Donald Trump's, Charles Schwab, Kathy Jones, Jones, Liz Ann Sonders, Schwab, you've, Sonders, Trump, Scott Bessent, Bessent Organizations: Traders, Federal Reserve, Fed, CNBC, Treasury, Nasdaq
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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUniCredit's move on Banco BPM is a 'shrewd and very timely move': Porta AdvisorsBeat Wittmann, chairman and partner at Porta Advisors, discusses UniCredit's bid for Banco BPM and European banking consolidation more widely.
Persons: Beat Wittmann Organizations: Banco, Porta Advisors
Shai Weiss, chief executive officer of Virgin Atlantic Airways Ltd., on day two of the Farnborough International Airshow in Farnborough, UK, on Tuesday, July 23, 2024. LONDON – Virgin Atlantic CEO Shai Weiss on Monday said the U.K. Labour government's landmark October budget presented a "tax on growth" due to higher rates placed on the aviation industry. "I would call [the Budget] a tax on growth," Weiss said Monday, adding that while it was necessary to cover Britain's budget deficit, it was also important to recognize the contribution of aviation to the wider U.K. economy. For journeys between 2,001 and 5,500 miles, APD will rise to £102 from £90 in economy and to £244 from £216 in other classes. CNBC has contacted the U.K. Treasury for comment.
Persons: Shai Weiss, Monday, Weiss, Louise Haigh, Rachel Reeves, Rain Newton, Smith, Bill Organizations: Virgin Atlantic Airways Ltd, LONDON, Virgin Atlantic, Labour government's, Labour, Conservative, Air Passenger, Treasury, Aviation, . Transport, Finance, of British Industry, National Insurance, CNBC Locations: Farnborough, London
255 rushing yards in a game is also the ninth-most ever recorded in a single game by one player. The 27-year-old had 73 yards in the first half before exploding for a 70-yard touchdown on the second half’s first play. “My whole mantra this offseason and this season: how consistent I can be day-to-day,” he said after the game. “Whether I rush for 250 yards or I rush for 50 yards, still come in on Monday and do the same thing. Daniels did continue his historic first NFL season as he joined Washington’s quarterback, Marcus Mariota, as the only rookie quarterbacks ever with at least 250 passing yards, 70 rushing yards, two touchdown passes and a rushing touchdown in a game.
Persons: Saquon Barkley, Barkley, Derrick Henry, Los Angeles Chargers –, , Jalen, , Jared Verse, he’d “, ” Barkley, Ronald Martinez, Kyren Williams, Barkley’s, Matthew Stafford, DeMarcus Robinson, Cooper Kupp, Luke Schoonmaker, Zach Ertz, KaVontae Turpin, KaVontae Turpin's, Timothy Nwachukwu, ” Turpin, Austin Seibert, Jayden Daniels, Mary, Daniels, Terry McLaurin, McLaurin, Seibert, Juanyeh Thomas, Mike McCarthy, Marcus Mariota, Patrick Mahomes, Mahomes, Noah Gray, DeAndre Hopkins –, Bryce Young’s, Chuba Hubbard, Spencer Shrader, Harrison Butker –, Grant Halverson, I’ve, you’ve, Russell Wilson, Travis Kelce, Antonio Gates, Tony Gonzalez, Jason Witten Organizations: CNN, Philadelphia Eagles, Sunday, Football, Los Angles Rams, New York Giants, Philadelphia, Eagles, Baltimore Ravens, Los Angeles Chargers, ” Eagles, ” Rams, Rams, NFC, Washington Commanders, Dallas Cowboys, Cowboys, Northwest, Washington, Chicago Bears, Dallas, ” Dallas, Washington’s, Chiefs, Kansas City Chiefs, Carolina Panthers, Panthers, 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, Denver Broncos, Las Vegas Raiders San Francisco 49ers, Green Bay Packers Arizona Cardinals, Seattle Seahawks Philadelphia Eagles, Los Angeles Rams Locations: Los Angeles, Landover , Maryland, Dallas, Washington, Carolina, Young
CNN —Special counsel Jack Smith is dropping the federal election subversion and the mishandling of classified documents cases against President-elect Donald Trump, seeking the cases’ dismissal in court filings Monday. Trump has said he would fire Smith once he retook the office, shattering previous norms around special counsel investigations. In the election case Trump faced in Washington, DC, Smith charged the former president over his efforts to overturn his 2020 election loss, a plot that culminated in the January 6, 2021, Capitol attack. “The Government’s position on the merits of the defendant’s prosecution has not changed,” Smith said in the filing. In the documents case brought in Florida, Trump was indicted for allegedly taking classified national defense documents from the White House after he left office and resisting the government’s attempts to retrieve the materials.
Persons: Jack Smith, Donald Trump, Trump, Smith, ” Smith, Tanya Chutkan, , Chutkan, Steven Cheung, ” “, ” Cheung, Aileen Cannon’s, Walt Nauta, Carlos de Oliveira, , Stormy Daniels Organizations: CNN, US, White House, Supreme, Capitol, White, Trump, American People, Appeals, US Justice Department, DOJ Locations: Washington ,, Washington , DC, Florida, Trump's, Lago, Georgia, New York, Peach State
Brendan McDermid | ReutersThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. What you need to know todayWinning week for marketsMajor U.S. indexes rose on Friday to end the week in the green, despite mega-cap stocks Nvidia and Alphabet dropping. The rate affects around 900 billion yuan ($124.26 billion) worth of one-year loans to some financial institutions. [PRO] Interest rates back in focusThis week, the October personal consumption expenditures price index, out Wednesday, will dominate attention.
Persons: HSI AMZN, Brendan McDermid, Donald Trump, Scott Bessent, Bessent, Kevin Warsh, Marc Rowan, Sir Richard Branson, Russell, Sam Stovall, Sundeep Gantori, — CNBC's Pia Singh, Alex Harring, Jesse Pound Organizations: New York Stock Exchange, Reuters, CNBC, U.S, China's CSI, Trump, Treasury, Fed, Bank of China, COP29, Virgin, U.S . Federal Reserve, Federal, Market, Nvidia, U.S . Department of Justice, Big Tech, Dow Jones, Nasdaq, Super Micro Company, CFRA Research, NVIDIA, UBS Locations: Asia, Pacific, China's, Azerbaijan
State Farm has signed USC star JuJu Watkins to an NIL deal as it increases its investment in women's sports. State Farm is furthering its investment in women's sports with two new deals. State Farm will kick off the NIL partnership with Watkins starring as a "new neighbor" in a co-branded ad spot with mascot/spokesman Jake from State Farm. State Farm's investments in women's sports now include the National Women's Soccer League, the Women's National Basketball Association, National Collegiate Athletics Association basketball regular season and women's Olympic basketball and volleyball. State Farm saw an additional 28% boost in effectiveness when the spots aired during her Iowa Hawkeyes games.
Persons: JuJu Watkins, Kristyn Cook, Watkins, Jake, they've, Caitlin Clark, Sue Bird, Cook, Clark Organizations: USC, Farm's, Farm, University of Southern, State, National Women's Soccer League, National Basketball Association, National Collegiate Athletics Association, WNBA, EDO, Iowa Hawkeyes Locations: Watkins, University of Southern California
CNN —Even before special counsel Jack Smith formally asked that his criminal cases against Donald Trump be dismissed, it was already guaranteed the president-elect would never see a jury. “I would fire him within two seconds.”In the end, though, Trump didn’t need to sack the special counsel to kill the two cases. Attorney General Merrick Garland is expected to publicly release it, as he has with past special counsel reports. What to do next in the case will be a question for the incoming Trump Justice Department. But a new chapter has already opened for several members of the Trump legal team who have already been rewarded with plum positions in his incoming administration.
Persons: Jack Smith, Donald Trump, Smith, Trump, Justice Department’s, pardoning, , , ” Trump, Hugh Hewitt, Jack Smith ”, Smith’s, Donald Trump's Mar, Pam Bondi, ” Bondi, General Merrick Garland, John Roberts, Sonia Sotomayor, , Judge Cannon, Aileen Cannon, Cannon, Walt Nauta, Carlos De Oliveira, ” Smith, Monday’s, Todd Blanche, John Sauer, Emile Bove, Blanche, CNN’s Paula Reid Organizations: CNN, Trump, Justice, Department of Justice, Supreme, Trump’s, Trump Justice Department, DOJ Locations: Lago, DC, Florida, , Smith’s, Washington ,
AdvertisementMatt Gaetz withdrew from his attorney general bid on Thursday. But he's since hinted on X at a possible 2026 Florida governor run. Former Rep. Matt Gaetz's bid for attorney general may have been short-lived, but he appears to have his sights set on another big career move. In a Saturday tweet, Florida State Rep. Anthony Sabatini posted on X his prediction that Gaetz would be the next governor of Florida. After Gaetz withdrew, Trump wrote on Truth Social that he appreciated Gaetz's "efforts."
Persons: Matt Gaetz, Ron DeSantis, Matt Gaetz's, Anthony Sabatini, Gaetz, Sabatini, Donald Trump, Vance, Trump, Matt, DeSantis, Jeb Bush, I'm, Charlie Kirk, Ginger, George Santos Organizations: Gov, Florida State, DOJ, Gaetz, CNN, Trump, Administration, Elon, Trump ., 119th, Business Locations: Florida, Florida's
Cramer's Mad Dash: What could move Apple higher than Nvidia
  + stars: | 2024-11-25 | by ( Jim Cramer | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCramer's Mad Dash: What could move Apple higher than NvidiaCNBC's Jim Cramer and David Faber discuss what could move Apple ahead of Nvidia in market capitalization.
Persons: Jim Cramer, David Faber Organizations: Apple, Nvidia
Italian lender UniCredit on Monday offered to snap up its domestic rival Banco BPM for roughly 10 billion euros ($10.5 billion) in a move it says is separate from its pursuit of German bank Commerzbank . UniCredit said in a statement early Monday that it is offering 6.657 euros for each share — a slight premium on Friday's close price of 6.644 euros. UniCredit said the purchase, which would be an all-stock deal, would allow the bank to "further strengthen its role as a leading pan-European banking group." Monday's news follows a flurry of merger and acquisition announcements in the European banking sector this year. The industry has been considered ripe for consolidation for years, with cash-rich UniCredit often cited as a possible acquirer.
Persons: UniCredit Organizations: Banco
CNN —Ding Liren slumped over the board with fallen chess pieces scattered in front of him in the moments after he won the Chess World Championship last year. The Chess World Championship is an extraordinary, singular event. Zhang Shuo/China News Service/VCG/Getty Images“You lose weight during a chess tournament of this intensity. Several questions are running through a chess player’s head when an opponent makes a move, says Pein, rattling them off. Qualifying is so difficult that one appearance at a world championship might be all that a chess player can hope for.
Persons: CNN — Ding Liren, Ian Nepomniachtchi, , Bobby Fischer, ” Viswanathan “ Vishy ” Anand, China’s Ding, India’s Gukesh, Ding Liren, Russia's Ian Nepomniachtchi, Zhang Shuo, ” Malcolm Pein, Magnus Carlsen –, Ding, , Gukesh, Garry Kasparov, Anatoly Karpov, Karpov, Kasparov, Danny Rensch, it’s, Rensch, Vishy, Dipayan Bose, What’s, Carlsen, Nepomniachtchi, They’re, ” Rensch, ” Pein Organizations: CNN, Olympus, CNN Sport, China News Service, English, Daily Telegraph, YouTube Locations: Singapore
In today's big story, Trump's trade plans could spell trouble for prices, and preparing for it isn't so easy . AdvertisementThe prevailing theory among many economists is Trump's plan will increase prices and inflation as companies pass the cost of the taxes down to their customers. He told BI he views them more as a negotiation tactic with China and American companies with operations there. Still, some experts told BI they foresee obstacles to making it a reality . Sector experts told BI the massive chipmaker will continue to make its most advanced tech in Taiwan .
Persons: Drew Angerer, Tyler Le, Donald Trump's, Emily Stewart, We're, Philip Daniele didn't sugarcoat, John David Rainey, There's, Dominick Reuter, Emily, Trump, Nobel, Simon Johnson, Brian Cornell, Natalie Ammari Baby boomers, Scott Bessent, George Soros, Bluesky, Rose Wang, It's, Chelsea Jia Feng, Taylor Swift, they'll, crosshairs, Elon Musk, Vivek Ramaswamy's, Biden, Alex Jones, Menendez, Dan DeFrancesco, Grace Lett, Lisa Ryan, Ella Hopkins, Amanda Yen, Jack Sommers, Milan Sehmbi Organizations: Business, Getty, Walmart, Electronics, Target, Social Security, Treasury, Trump, Nvidia, White, Los Locations: China, Phoenix, Taiwan, Florida, Washington, Los Angeles, New York, Chicago, London
A man walks past the People's Bank of China (PBOC) building on July 20, 2023 in Beijing, China. The People's Bank of China kept the medium-term lending facility rate unchanged at 2.0% on 900 billion yuan ($124.26 billion) worth of one-year loans to some financial institutions, according to the bank's official statement. Keeping the MLF rate intact allows for "greater policy maneuverability" given the change in U.S. administration, at a time when commercial banks' net-interest-margins have remained tight, Pang added. "A delayed reduction in the [MLF] lending rates" would also bolster the yuan against the stronger greenback, JLL's Pang added. Unlike the Fed's focus on a main interest rate, the PBOC uses a variety of rates to manage monetary policy.
Persons: Jiang Qiming, Donald Trump's, Bruce Pang, PBOC's, Pang, Wang Tao, Zhiwei Zhang, JLL's Pang, Gary Ng, PBOC, Pan Gongsheng Organizations: People's Bank of China, China News Service, Getty Images China, U.S, Research, UBS Investment Bank, Beijing Locations: Beijing, China, Greater China, JLL
MicroStrategy's position in the bitcoin market may mean more upside for the stock in the months ahead, according to Bernstein. Analyst Gautam Chhugani, who has an outperform rating on the stock, more than doubled his price targetto $600 from $290. "MSTR's debt is long term, unsecured convertible, implying negligible risk to balance sheet liquidity from Bitcoin volatility." MicroStrategy has been building a sizeable Bitcoin position for a long time, making the stock a proxy for the cryptocurrency. "MicroStrategy's (MSTR) Bitcoin treasury model is unprecedented on Wall Street, in our view," he continued.
Persons: Bernstein, Gautam Chhugani, bitcoin, Bitcoin, MicroStrategy, Chhugani, Chhugani's Locations: Bitcoin
Whereas Burlington Stores, which appeals to a more brand-conscious and slightly more affluent demographic, sports a price-to-sales of 1.8 and is trading at 36 times forward earnings estimates. According to Placer.ai data, observed customers rose 5% YoY on a 91 trailing-day basis at Burlington and fell 3.2% at Kohl's stores. Kohl's stores implies an eye-watering 11.6% move versus a 10-year average of about 7%. Nevertheless, using "diagonals" as follows has payoff characteristics that are generally similar: Buy KSS Apr. 17 $15 put Sell KSS Nov. 29 $15.50 put Sell KSS Nov. 29 $18.50 call Buy KSS Apr.
Persons: Nordstrom, Kohl's, BURL Organizations: Burlington Stores, New York Fed, Traders, CNBC, NBC UNIVERSAL Locations: Burlington
AdvertisementThe last meatpackers in NYC's Meatpacking District are getting ready to close shop. The era of New York City's Meatpacking District as a neighborhood where people actually pack meat is coming to an end. A section of the Meatpacking District in 1929. AdvertisementShoppers wait in line for a sample sale in the Meatpacking District in 2024. "It wasn't always a meatpacking district," Andrew Berman, the executive director at historic preservation group Village Preservation, told the AP.
Persons: NYC's, Eric Adams, there's, hasn't, State Sen, Brad Hoylman, didn't, John Jobbagy, Jobbagy, Julia Demaree Nikhinson Jobbagy, he's, Samantha Jones, It's, amNY, Andrew Berman, it's, Berman Organizations: New York City, Associated Press, . New York City Municipal Archives, AP, State, Village, Community, Gucci, Rolex, New York City Municipal Archives, Preservation Locations: NYC's Meatpacking, Greenwich Village, York, New York, Manhattan, Meatpacking, . New York City, Meatpacking District, City of New York, Budapest, New York City
AdvertisementTikTok hosted a Los Angeles creator summit focused on long-form content and monetization. The event emphasized high-quality content but notably left out the looming US ban. The company's creator summit in Los Angeles focused on horizontal long-form video, platform monetization, and the power of fandoms. Amanda Perelli/Business InsiderTips TikTok shared with creatorsIn a keynote presentation, Samuels said TikTok was looking for creators who could master storytelling. AdvertisementHigher-quality content also performs better on TikTok's horizontal video tool, TikTok said at the event.
Persons: TikTok, TikTok execs, , I'm, Kim Farrell, TikTok's, Farrell, Melissa Tecson, Norissa Samuels, Tecson, Linqia, Amanda Perelli, Samuels Organizations: YouTube Locations: Angeles, Los Angeles, North America
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Best Buy shares rose roughly 4.5% on Monday ahead of the company's fiscal 2025 third-quarter earnings before Tuesday's opening bell. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m.
Persons: Jim Cramer, Stocks, Donald Trump's, Scott Bessent, Bessent, Jim, Bristol Myers, Eli Lilly, RJK, Jim Cramer's Organizations: CNBC, Dow Jones, Nasdaq, Bristol Myers Squibb, FDA, JPMorgan, Club, HHS, Research, Arm Holdings
In 2029, the Oriental Land Company, which owns Tokyo Disney Resort, will launch a Disney cruise ship out of Japan. So to bring the brand over in terms of a cruise ship is again another brilliant move on their part. Occupancy is high on Disney ships, at 98% across the five existing ships in fiscal year 2024, according to a company fact sheet. Bigger players, such as Carnival Corporation, Royal Caribbean Group and Norwegian Cruise Line, have more ships in their fleet than Disney Cruise Line and have been in the business longer. Royal Caribbean's Icon of the Seas is currently the world's largest cruise ship, and it's loaded with family friendly attractions.
Persons: “ Coco, ” That’s, , Beci Mahnken, Kent Phillips, Mahnken, Kyle Valenta, Disney, ” Valenta, , ” Mahnken, Thomas Mazloum, ” Mazloum, Joe Raedle, Valenta Organizations: CNN, , MEI, Disney, Cruise Lines International Association, Cruise, Oceaneer Club, Disney Treasure, Disney Disney, Oriental Land Company, Tokyo Disney Resort, Hong Kong Disney, Tokyo Disney …, Shanghai Disney, Disney Cruise, Geographic, Disney Vacation, Carnival Corporation, Royal Caribbean Group, Royal Locations: Asia, Singapore, Tokyo, Japan, Hong Kong, Shanghai, It’s, Hawaii, Royal Caribbean
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