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☆ There's a lot of investor concerns for Q1 of next year, says RBC's Amy Wu Silverman
▼ + stars: | 2024-12-04 | 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 EmailThere's a lot of investor concerns for Q1 of next year, says RBC's Amy Wu SilvermanAmy Wu Silverman, RBC Capital Markets head of derivatives strategy, joins 'Squawk Box' to discuss the latest market trends, what options says about equities, state of the economy, the Fed's inflation fight, and more.

Persons: Amy Wu Silverman Amy Wu Silverman Organizations: RBC Capital Markets

☆ Iran passes controversial ‘chastity’ law imposing even harsher dress restrictions. The president doesn’t like it
▼ + stars: | 2024-12-04 | by ( Cnn Staff | ) edition.cnn.com time to read: +6 min

CNN —Iran’s parliament has enacted a harsh new modesty law, significantly tightening existing dress restrictions that have already fueled nationwide protests and posed a serious challenge to regime stability. “In my opinion the hijab law, which I have to implement, is vague. It defines improper dress in various ways, ranging from nudity and dressing immodestly to wearing the hijab incorrectly. The law also introduces a system of fines and restrictions with financial penalties, even for initial offenses. While the harsher penalties have caused concern for Iranians, a particularly controversial aspect of the legislation is expanded surveillance.

Persons: CNN —, Masoud Pezeshkian, “, ”, Sina Toossi, Ebrahim Raisi, Negar Mortazavi, Pezeshkian, Mortazavi Organizations: CNN, Guardian Council, International, United Nations, Guardian, Supreme National Security Council Locations: Washington, DC, Iran

These VCs come from big and small firms and invest in startups across all sectors and stages. AdvertisementEvery year, Business Insider asks top investors to name the most promising young VCs in their networks. BI also asked the general public, as well as previous rising stars, who they thought should make the cut. Unsurprisingly, many young VCs are making a name for themselves by betting on hot AI startups. AdvertisementScroll to see 2024's rising stars of venture capital, organized alphabetically by the investor's name.

Persons: VCs Organizations: Business

☆ Chipmaker Marvell's strong quarter is good news for these 3 portfolio stocks
▼ + stars: | 2024-12-04 | by ( Paulina Likos | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Other positive readthroughs in our portfolio from Marvell's quarter include Eaton and Dover — a pair of industrials with exposure to data centers. 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 . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Stocks, Jim Cramer's, Agentforce, Salesforce, It's, Jim Organizations: CNBC, Nasdaq, Dow Jones, Club, Marvell Technology, Microsoft, Bristol Myers Squibb, Broadcom, Marvell, Google, General Motors Locations: Eaton, Dover

☆ 'We really like the U.S.,' Julius Baer portfolio manager says. Here's where she sees opportunity
▼ + stars: | 2024-12-04 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

At a time when investors are mixed on the U.S. market, one portfolio manager remains optimistic and sees reasons to stay invested. "We really like the U.S.," Aneka Beneby, portfolio manager at Julius Baer International, told CNBC Pro last month. Looking ahead to 2025, Beneby expects the U.S. to log higher growth of around 2.5%, up from 2% previously. She is especially bullish on large cap quality growth companies which "have been able to withstand higher interest rates." Beyond these companies, Beneby is still looking favorably at large-cap tech stocks globally and sees potential, especially in companies in cloud computing and artificial intelligence.

Persons: Julius Baer, that's, Kunal Kapoor, Beneby, Donald Trump's, —, Lisa Kailai Han, Alex Harring Organizations: Julius, Julius Baer International, CNBC Pro, Nasdaq, Apple, Microsoft, Nvidia, Tesla Locations: U.S

☆ OpenAI's Altman: Here's what to expect from AI in 2025
▼ + stars: | 2024-12-04 | 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 EmailOpenAI's Altman: Here's what to expect from AI in 2025Sam Altman, OpenAI co-founder and CEO, discusses what to expect in the artificial intelligence space.

Persons: OpenAI's Altman, Sam Altman, OpenAI

Victory, but no mandateMr. Yoon, a conservative leader, has never been popular in South Korea. The vote, analysts said, was more a referendum on his liberal predecessor’s failures than an endorsement of Mr. Yoon. “Peace is meaningless unless it is backed by power,” Mr. Yoon said during the campaign. An election fueled by vitriolMr. Yoon’s party had seen the 2024 elections as an opportunity to win back the chamber. “I call on the National Assembly,” he said, “to immediately stop the outrageous behavior that is paralyzing the functioning of the country with impeachments, legislative manipulation and budget manipulation.”Image Police officers by the National Assembly.

Persons: Yoon Suk Yeol, Yoon’s, —, Yoon, Lee Jae, myung, “, ”, Chang W, Lee, hye, Moon Jae, Kim Jong, Mr, Biden, Michael Park, Doctors, Marie Antoinette, Cho Kuk Organizations: South Korea’s, South, New York Times, Samsung, North, The New York Times, Democratic Party, National Assembly, North Korea ramped, North Korean, ., New York, Mr, Police, National Assembly . Credit Locations: Seoul, South Korea, Korea, U.S, Asia, Washington, China, South Korean, North Korea, churchgoers, Japan

☆ Spotify Wrapped is out. Here's who topped the 2024 streaming charts
▼ + stars: | 2024-12-04 | by ( Cj Haddad | ) www.cnbc.com time to read: +2 min

This photograph taken in Paris on April 19, 2024, shows a smatphone displaying the US singer-songwriter Taylor Swift's new album "The Tortured Poets Department" on Spotify. Queen of pop Taylor Swift released her highly anticipated record "The Tortured Poets Department" on April 19, 2024 -- the 11th studio album from the megastar who is already having a blockbuster year. Spotify Wrapped 2024 is out, giving hundreds of millions of users the ability to see their most-played songs and artists over the course of the year. Drake, Lamar's opponent in a renewed public rap battle earlier this spring, surged on the most-streamed artists' list, while Lamar ended up in seventh place on that list. Most-streamed artists in the United StatesTaylor Swift Drake Zach Bryan Morgan Wallen Kanye West"The Joe Rogan Experience," which hosted President-elect Donald Trump in October, took the No.

Persons: Taylor Swift's, Taylor Swift, Google's NotebookLM, Sabrina Carpenter's, Sabrina Carpenter, Kendrick Lamar, Shaboozey, Morgan Wallen, Post Malone, Tommy Richman Kendrick Lamar's, Drake, Lamar, Taylor Swift Drake Zach Bryan Morgan Wallen Kanye, Joe Rogan, Donald Trump, Kamala Harris Organizations: Department, Spotify, Wednesday, Poets Department Locations: Paris, United States, United

☆ U.S. stocks are quadrupling the returns of the world. Will 'U.S. exceptionalism' continue?
▼ + stars: | 2024-12-04 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +2 min

Amid a tumultuous year marked by multiple conflicts and consequential elections around the world, the U.S. stock market has managed to far outperform its global peers. The iShares MSCI ACWI ex-U.S. ETF (ACWX) , which tracks large- and midcap stocks from around the world while excluding the U.S., has gained just 7.6% in 2024. ACWX .SPX YTD mountain iShares World ex-U.S. ETF versus the S & P 500 in 2024 Political chaos across the world has played a role in some international markets' underperformance in recent days. The government is facing a no confidence vote that has led investors to sell off French stocks in recent days. Potential tariffs on China and Mexico from the incoming Trump administration are also expected to weigh on global markets.

Persons: MSCI ACWI, Yoon Suk, Trump, Joyce Chang, Chang Organizations: U.S . ETF, U.S, CAC, JPMorgan, Finance Forum Locations: U.S, Korea, Europe, France, China, Mexico, Japan

☆ Bank of America says it's time to skip the S&P 500 and opt for these stock sectors instead
▼ + stars: | 2024-12-04 | by ( Laila Maidan | ) www.businessinsider.com time to read: +3 min

AdvertisementBank of America predicts a 10% S&P 500 gain by the end of 2025, driven by 13% earnings growth. Sector rotation is advised as average stocks are more attractive than the overall index. AdvertisementThe average stock is expected to be more attractive than the overall index, which is looking a bit rich from euphoric sentiment led by mega-cap tech. Subramanian said that the difference in valuations between the equal-weighted S&P 500 and the cap-weighted S&P 500 is near record extremes, and that gap is expected to narrow. "We like the average stock, and we would be less bullish on the overall index."

Persons: Savita Subramanian, Subramanian, They're, Trump Organizations: Bank of America

☆ I had never traveled overseas. At age 21, I moved from the US to Germany to be an au pair.
▼ + stars: | 2024-12-04 | by ( Julie Royce | ) www.businessinsider.com time to read: +5 min

AdvertisementIn 2000, I moved from the US to Germany after taking a job as an au pair. I had even traveled to Canada as a child, but I had never been overseas. Related VideoI got the contact information for the London-based agency that pairs young women with families across Europe for a year. In 2000, I took a job as an au pair in Germany. AdvertisementThe agency considered my background and, over several more weeks, paired me with families in the Netherlands, Australia, and Germany.

Persons: Julie, I'd, Harry Potter, sipped, Rembrandt, Austin Organizations: Spanish, Düsseldorf, Cologne Cathedral Locations: Germany, Europe, Texas, United States, Canada, London, Netherlands, Australia, Hagen, Cologne, Amsterdam, Paris, Prague, Van Gogh, Dallas, Tenerife, Spain, Austrian

☆ France's political chaos casts long shadow over economic growth
▼ + stars: | 2024-12-04 | by ( Jenni Reid | ) www.cnbc.com time to read: +5 min

The administration is widely seen as likely to be ousted, just three months after it was formed. Greece had briefly lost its investment grade credit rating status amid the euro area debt crisis, which led to the nation's sovereign default. "Beyond economic growth and stability, this will send debt in a non-sustainable direction in France." Analysts at Dutch bank ING, who previously forecast French growth slowing from 1.1% in 2024 to 0.6% in 2025, said Tuesday that the fall of Barnier's government "would be bad news for the French economy." Loading chart..."At a time when economic growth in France is slowing markedly, this is bad news.

Persons: Joel Saget, Michel Barnier, Barnier —, Emmanuel Macron, Macron, Barnier, Carsten Nickel, Nickel, Maybank, Javier Díaz, Giménez, Gilles Moëc, Moëc Organizations: Afp, Getty Images, Assembly, Spain's IESE Business School, CNBC, ING, AXA Locations: Paris, Germany, France, Greece

☆ Salesforce's Agentforce has to drive strong growth to justify stock price: D.A. Davidson's Luria
▼ + stars: | 2024-12-04 | 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 EmailSalesforce's Agentforce has to drive strong growth to justify stock price: D.A. Davidson's LuriaGil Luria, D.A. Davidson analyst, joins 'Squawk on the Street' to discuss Luria's investigation into Salesforce's AI uses, if AI is still taking capital expenditures away from software, and much more.

Persons: Davidson's Luria Gil Luria, D.A

☆ Investors' crypto donations to charity skyrocket. Why it can be 'hugely beneficial,' expert says
▼ + stars: | 2024-12-04 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +2 min

"A lot of folks have begun to realize that crypto giving is hugely beneficial," said Kyle Casserino, vice president and charitable planning consultant for Fidelity Charitable, a public charity that accepts bitcoin , ethereum and litecoin . Bitcoin donations have surged amid the latest rally as investors learn about the tax benefits, according to Casserino. For 2024, Fidelity Charitable has accepted $688 million in crypto donations through Nov. 19. That's up from $49 million in all of 2023 and $38 million in 2022, according to the organization's 2024 giving report. DAFgiving360, formerly Schwab Charitable, doesn't release numbers for crypto donations.

Persons: Kyle Casserino, Casserino, Andrew Gordon Organizations: Fidelity Charitable, Fidelity, Schwab, Gordon Law Group Locations: bitcoin

☆ This women's retailer is a surprise winner of Black Friday, Telsey says
▼ + stars: | 2024-12-04 | by ( Alex Harring | ) www.cnbc.com time to read: +1 min

Victoria's Secret showed unexpected strength on Black Friday this year, according to retail analyst Dana Tesley. Victoria's Secret," the Telsey Advisory Group CEO said Tuesday on CNBC's " Money Movers ." "There were lines at Victoria's Secret stores around the country." Notably, Victoria's Secret brought its iconic fashion show back after a multiyear hiatus. VSCO YTD mountain Victoria's Secret, year to date Victoria's Secret shares have soared more than 57% this year, reversing course after two straight losing years.

Persons: Dana Tesley, Tesley, Hillary Super, LSEG, Ralph Lauren, Kohl's Organizations: Telsey, Super, Abercrombie, Fitch, Nike Locations: Ohio

☆ UK, US clamp down on money laundering rings allegedly favored by Russian oligarchs and Western drug gangs
▼ + stars: | 2024-12-04 | by ( Sean Lyngaas | ) edition.cnn.com time to read: +5 min

CNN —UK and US authorities on Wednesday announced a major crackdown on a pair of billion-dollar money laundering rings that officials say has cleaned money for Russia’s elite, cybercriminals and drug-runners around the world. The two alleged money-laundering networks offered Russian elites a financial lifeline, UK investigators allege. The Treasury Department on Wednesday announced sanctions on alleged senior leaders of one of the laundering rings, which is known as TGR. Pullman Global Solutions LLC, a Wyoming based entity owned by Bradens, was also sanctioned, Treasury said. NCA officials allege that the Kremlin has directly benefited from some of the money laundering, which the officials say has been used to fund Russian espionage operations.

Persons: ” Will Lyne, NCA’s, ” Rob Jones, George Rossi, Elena Chirkinyan, Andrejs Bradens, Ekaterina Zhdanova, Matthew Miller Organizations: CNN —, Wednesday, US Treasury Department, CNN, Agency, Britain’s, Treasury Department, Pullman Global Solutions, Bradens, Treasury, Cybercriminals, South, State Department, University of Vermont Health Network, IRS Locations: France, Europe, Russia, Ukraine, Ukrainian, Russian, Latvian, Wyoming, Dubai, Dublin, South American, London

☆ Meet 2 chip execs reportedly in the running for Intel CEO — one is an outsider
▼ + stars: | 2024-12-04 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +3 min

AdvertisementIntel is reportedly considering Lip-Bu Tan and Matt Murphy for CEO after Pat Gelsinger's exit. Murphy leads Marvell, while Tan is a former Intel board member. Cadence Design CEO Lip-Bu Tan is reportedly one of the people being considered to become Intel's CEO. Semiconductor veteran Tan served on Intel's board between 2022 and this year, where he was on the mergers and acquisitions committee. Representatives of Intel, Murphy, and Tan did not respond to requests sent outside business hours.

Persons: Tan, Matt Murphy, Pat Gelsinger's, Intel's, Murphy, Marvell, Pat Gelsinger, Gelsinger, David Zinsner, Michelle Johnston Holthaus, Gaudi, Dibyanshu Sarkar Organizations: Intel, Marvell Technology, Bloomberg, Reuters, Nvidia, Gaudi, Cadence, AFP, Getty, Semiconductor, Walden International, SoftBank, Hewlett Packard Enterprise, Marvell, eBay, Global Semiconductor Alliance Locations: Europe, American

☆ How Bangladesh’s Economy Was Siphoned Dry
▼ + stars: | 2024-12-04 | by ( Alex Travelli | Shayeza Walid | ) www.nytimes.com time to read: +1 min

The new governor of Bangladesh’s central bank, Ahsan Mansur, calculates that about $17 billion was siphoned from the country’s financial system in the 15 years before the government of Sheikh Hasina collapsed in August. Other economists guess that the true value looted during Ms. Hasina’s rule, before she fled the country, could exceed $30 billion. And they did incalculable damage to Bangladesh’s economy. “The highest level of political authority realized that the banks are the best place to rob,” said Mr. Mansur, an appointee of an interim government in Bangladesh. For an inside job, that meant taking control of the central bank and the ownership of a clutch of private banks and their boards of directors.

Persons: Ahsan Mansur, Sheikh Hasina, Hasina’s, Mansur, ” Locations: Bangladesh’s, Bangladesh

☆ Lily Yohannes: The making of USWNT’s emerging teenage star
▼ + stars: | 2024-12-04 | by ( Ben Church | ) edition.cnn.com time to read: +10 min

Considered one of most exciting talents in the women’s game, she is already a regular in Ajax’s first-team and is making waves on the international scene. But her rise to the top of the women’s game has been no accident, and it’s only just getting started. Speaking to CNN Sport, her father recalls Yohannes playing soccer with her brothers in the basement of the house, which he had converted into a small pitch with goals at either side. After joining the club’s academy, she worked up the ranks and earned her first contract with the senior women’s team in 2023. Emerging at AjaxDuring her first season with the senior team, Yohannes struck up a close bond with teammate Ashleigh Weerden – who has since signed for English side Crystal Palace.

Persons: Lily Yohannes, Ajax’s, Yohannes, Daniel ., Daniel Yohannes Yohannes, Yohannes ’, –, “, “ I’m, ”, initally, Johan Cruyff, Dennis Jullens, ” Jullens, Lily, Daniel Yohannes WV, Ajax –, Ashleigh Weerden –, Weerden, you’re, she’s, ” Weerden, She’s, Weerdan, “ She’s, USWNT, ” Lily Yohannes, Gerrit Van Keulen, Emma Hayes, Hayes, Daniel, “ We’re Organizations: CNN, US, National, CNN Sport, Loudoun, Loudoun County FC's, Ivory Coast, of Nations, Ajax, Ajax – it’s, Oranje, South, US Soccer, UEFA Women's, League, Getty, England Locations: Netherlands, Virginia, Loudoun County, Ethiopia, Europe, Amsterdam, duals, South Korea, United States

☆ Is Amazon's Trainium chip the 'dupe' that could finally disrupt Nvidia's AI dominance?
▼ + stars: | 2024-12-04 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's newsletter, Amazon's touting new hardware it hopes can help it unseat Nvidia as the king of AI chips. The big storyAmazon's affordable AIBusiness Wire/BI'Dupes' are all the rage these days, so why not make one for AI chips? AdvertisementThat's basically Amazon Web Services' idea for breaking Nvidia's stranglehold on the AI market. The tech giant's homegrown chip is its answer to Nvidia's all-powerful GPUs, which are widely used for training AI models. AdvertisementAWS CEO Matt Garman detailed how customers can get the most out of their AI chips with 'UltraServers' — multiple Trainium servers smartly pieced together — and the 'UltraCluster' — what you get when you combine multiple 'UltraServers.'

Persons: Matt Garman, Andrej Sokolow, Carter Smith, Alyssa Powell, BI's Eugene Kim, CUDA, Donald Trump's, BofA, —, Ned Davis, Jon Chu, Lori Berenberg, Deedy Das, Pat Gelsinger, Jenny Chang, Rodriguez, Gen, it's, It's, Michel Barnier's, Dan DeFrancesco, Grace Lett, Ella Hopkins, Spriha Srivastava, Amanda Yen, Lisa Ryan, Milan Sehmbi Organizations: Business, Nvidia, Services, Getty, Bank of America, Ned Davis Research, Deedy Das Khosla Ventures, Bloomberg Beta, Menlo Ventures, Intel, French Locations: New York, Chicago, London

☆ Here's how investors are trading France’s political chaos
▼ + stars: | 2024-12-04 | by ( Ganesh Rao | ) www.cnbc.com time to read: +5 min

The French government is on the brink of collapse and investors are gearing up for a volatile week of trading, with some eyeing opportunities amid the chaos. The Oat - Bund spread, as the two respective sovereign bonds are known, shows the negative sentiment investors have toward French government bonds relative to German government bonds. It comes after Barnier said he would force through cuts in social security, to lower the government's 6% budget deficit, without a vote. If the recently appointed government is toppled, Barnier would be the shortest-serving prime minister in France's modern history. "They're agents of chaos for little political end," Everett added.

Persons: Michel Barnier, Barnier, France don't bode, Vassili Serebriakov, Alex Everett, abrdn, Emmanuel Macron, Macron's, Macron, Everett, Leon Ferdinand Bost, Abrdn's Everett Organizations: European Central Bank, UBS, CNBC, Government Bond Fund, Metzler Research, Metzler Bank, Rassemblement, France Locations: Paris, France, ECB, Everett, Netherlands, Spain

☆ Howard Lutnick helped build Newmark into a real estate powerhouse. Now he's leaving for Washington.
▼ + stars: | 2024-12-04 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +7 min

AdvertisementHoward Lutnick opened his wallet and Rolodex to turn Newmark into a commercial real estate success. In 2011, the billionaire arranged for his affiliate financial company, BGC Group, to purchase the New York-based commercial real estate services firm Newmark for an undisclosed sum. The results have turned heads in the ultra-competitive real estate business. "It's one of the best positioned real estate players today," Goldfarb added, noting that he has an "overweight" – or buy – rating on Newmark stock. In 2014, Newmark purchased Grubb & Ellis, a commercial real estate services firm, out of bankruptcy.

Persons: Howard Lutnick, Newmark, Lutnick, Trump's, Howard, Barry Gosin, Donald Trump, Cantor Fitzgerald, Elon Musk, Barry, Alexander Goldfarb, Piper Sandler, Goldfarb, Cantor, Gosin, Mark Weiss, Scott Panzer, JLL, Panzer, Grubb, Ellis, Piper, David Falk, Falk –, Falk Organizations: Business, New, Cushman & Wakefield, Newmark, Cushman &, Economic, Newmark's Locations: Washington, Wall, New York, America, Cushman & Wakefield, Davos, Switzerland, Newmark's New York

☆ South Korea's largest labor union launches an indefinite strike and calls for the president's resignation
▼ + stars: | 2024-12-04 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +3 min

AdvertisementSouth Korea's largest labor union has issued an indefinite general strike. The call went out to its 1.1M members after South Korea's president declared martial law. South Korea's largest labor union launched an indefinite general strike late on Tuesday, calling for the country's embattled president to resign after he declared martial law. The decree, which suspended civilian government functions and established temporary military control, was South Korea's first declaration of martial law since the country's democratization in 1987. AdvertisementMeanwhile, South Korea's former foreign minister, Kang Kyung-hwa, told CNN that the president's move and the way it was handled was "completely unacceptable" and an "aberration."

Persons: Kim Jong, Yoon Suk Yeol, South Korea's, Yoon, Andrew Minjun, Kang Kyung, Robert E, Kelly, India's, he'll Organizations: South, Korean, of Trade Unions, South Korean, Korean Confederation of Trade Union, Seoul National University, CNN, Associated Press, Pusan National University Locations: South, North Korea

☆ Huge challenge for mining sector if UK is going to de-risk from China: Appian's Dominic Raab
▼ + stars: | 2024-12-04 | 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 EmailHuge challenge for mining sector if UK is going to de-risk from China: Appian's Dominic RaabDominic Raab, head of global affairs at Appian Capital Advisory and former U.K. deputy prime minister, joins Squawk Box from the Resourcing Tomorrow mining conference to discuss how the U.K. mining sector is positioning to catch up with global competition.

Persons: Appian's Dominic Raab Dominic Raab Organizations: Appian Capital Advisory Locations: China

☆ Analysis: The troubled history of martial law, coups and toppled presidents many hoped South Korea had left behind
▼ + stars: | 2024-12-04 | by ( Nectar Gan | ) edition.cnn.com time to read: +6 min

Yoon was forced to back down and lifted the martial law order just hours later, after lawmakers unanimously voted to block the decree amid a fierce national outcry. That was the last time martial law was declared in South Korea. Seoul citizens walk beside an army tank on Saturday, Oct. 27, 1979, after martial law was declared following the death of President Park Chung-Hee. Outsted South Korean leader Park Geun-hye arrives at a court in Seoul, South Korea, August 25, 2017. Yoon also faces rising discord within his party, which has opposed his move to introduce martial law and called it unconstitutional.

Persons: Park Chung, Yoon Suk Yeol, Yoon, “, ”, Yoon’s, Chun, Hee, Kim Chon, Roh Moo, Lee Myung, Chung, Park, hye, Kim Hong, Leif, Eric Easley, Yonhap Organizations: CNN, Yonhap News Agency, Min Consulting, National Assembly, Ewha University, Democracy Party, People Power Party Locations: South Korea, South, Seoul, Japan, Gwangju, Korean

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