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☆ California proposes its own EV buyer credit — which could cut out Elon Musk's Tesla
▼ + stars: | 2024-11-26 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +4 min

Gavin Newsom plans to revive California's EV rebate if Trump ends the federal tax credit. Tesla sales in California, the US's largest EV market, have recently declined even as overall EV sales in the state have grown. Elon Musk, who has expressed support for ending the federal tax credit, said in an X post it was "insane" for the California proposal exclude Tesla. The federal electric vehicle tax credit, which was passed as part of the Biden administration's Inflation Reduction Act in 2022, provides a $7,500 tax credit to some EV buyers. The Tesla CEO said on an earnings call in July that ending the federal tax credit might actually benefit the company.

Persons: Gavin Newsom, Tesla, Elon Musk, Donald Trump, Newsom, Trump, He's, Musk, Graham Rapier, — Organizations: Trump, California Gov, Trump Administration, Reduction Fund, Bloomberg News, Business, Car Dealers, EV, Hyundai, BMW, Biden, Department of Government Locations: California, Trump's

☆ Former House Speaker Kevin McCarthy on Trump's cabinet picks, tariff proposals and DOGE
▼ + stars: | 2024-11-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer House Speaker Kevin McCarthy on Trump's cabinet picks, tariff proposals and DOGEFormer House Speaker Kevin McCarthy joins 'Squawk Box' to discuss President-elect Trump's cabinet picks, the Trump 2.0 agenda, his thoughts on the Department of Government Efficiency, Trump's tariff proposals, and more.

Persons: Kevin McCarthy, Trump's Organizations: Former, Trump, Department of Government

☆ ‘We enjoy this sometimes’: The rhetorical battle between Justices Alito and Kagan at the Supreme Court
▼ + stars: | 2024-11-26 | by ( Joan Biskupic | ) edition.cnn.com time to read: +15 min

CNN —The morning after Donald Trump was reelected president, Justices Samuel Alito and Elena Kagan began jousting more than usual. More than other justices on their respective sides, conservative Alito and liberal Kagan are sharp-tongued strategic questioners. As usual, Alito and Kagan began referring to each other’s questions but with barely a glance toward the other at their elbow. Skeptical of the litigants’ case, Alito asked their lawyer Deepak Gupta why Huang would have put out financial information that could be quickly exposed as wrong. Then Alito said, “Well, I don’t want to derail … Justice Kagan had a number of hypotheticals, but I don’t want to interrupt that.”Kagan seemed miffed, but only slightly.

Persons: Donald Trump, Samuel Alito, Elena Kagan, Alito, Kagan, Trump, Anthony Kennedy, ”, ” Alito, you’ve, ” Kagan, it’s, gesturing, John Roberts, improvidently, Jensen Huang, Deepak Gupta, Huang, Gupta, “ Huang, “, “ You’re, ” Gupta, Biden, Elizabeth Prelogar, Bostock, Biden’s, John Sauer, Sauer, Noel Francisco, Francisco, Amy Coney Barrett, Dobbs, George W, Bush, Alito’s, “ Sam, ” Bush, Barack Obama, Adam Unikowsky, Edmund LaCour, LaCour, “ Let’s, …, general’s Organizations: CNN, Kagan, Trump, Meta, Investors, Facebook, Cambridge Analytica, Amalgamated Bank, Department, Nvidia, Texas Rangers, Philadelphia Phillies, Alabama, Alabama Supreme Locations: America’s, Trenton , New Jersey, Swedish, Clayton County, Bush, Alabama

☆ Here are Tuesday's biggest analyst calls: Nvidia, Apple, Zoom, Goldman, Amazon, Chevron & more
▼ + stars: | 2024-11-26 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Here are the biggest calls on Wall Street on Tuesday: Wells Fargo upgrades Eastman Chemical to overweight from equal weight Wells Fargo says the chemical company is "attractive." HSBC downgrades Goldman Sachs & Morgan Stanley to hold from buy HSBC said the risk/reward is a less attractive. KeyBanc reiterates Nvidia as overweight The firm says it sees "limited competitive risks" for Nvidia shares. Wells Fargo reiterates Starbucks as overweight Wells raised its price target on the stock to $115 per share from $110. Redburn Atlantic Equities reiterates Amazon as buy The firm raised its price target on the stock to $235 per share from $225.

Persons: Wells Fargo, HSBC downgrades Goldman Sachs, Morgan Stanley, Baird, Bernstein, KeyBanc, it's bullish, TD Cowen, Pinterest, Cowen, Wells, Guggenheim, Michael Kors, UAL Organizations: Eastman Chemical, UBS, HSBC, Royal Caribbean, Nvidia, Bank of America, Citi, Chevron, ExxonMobil, SPX, JV, China, Guggenheim, Capri Holdings, Barclays, Apple, and Department of Justice, Google, DoJ, UBS reinstates United, Alaska Airlines, Amazon Web Services, Anheuser, Busch InBev, GAP Locations: Caribbean, China, Delta, DAL

☆ Biden Cuts Intel’s Chip Award
▼ + stars: | 2024-11-26 | by ( Ana Swanson | Tripp Mickle | ) www.nytimes.com time to read: +1 min

The Biden administration said Tuesday that it would award up to $7.86 billion in direct funding to Intel, with the U.S. chip giant set to receive at least $1 billion of that money before the end of the year. The money is a reduction from Intel’s preliminary award of $8.5 billion, which President Biden announced during a visit to the company’s Arizona plant in March. The Commerce Department said it had reduced Intel’s grant because the chip maker, the biggest recipient of money under the CHIPS Act, also received a $3 billion contract to make semiconductors domestically for the military. But the Commerce Department also detailed in a project document that Intel, which is under financial pressure because of a sales slump, had extended timelines for some projects beyond a 2030 government deadline. It also reduced the estimated jobs it would create in Ohio, where it will require 3,500 fewer employees than the 10,000 it previously estimated, the Commerce Department said.

Persons: Biden Organizations: Intel, Commerce Department Locations: U.S, Arizona, United States, Ohio

☆ Scott Bessent Helped ‘Break’ the Bank of England. Now He’ll Run the U.S. Treasury.
▼ + stars: | 2024-11-26 | by ( Maureen Farrell | ) www.nytimes.com time to read: +1 min

Three decades before he was tapped to lead the Treasury Department, Scott Bessent was asked to help break another country’s financial system. Then 29 years old, Mr. Bessent, working for the financier George Soros, helped “break” the Bank of England with crushing trades against the British pound. He was on a small team at Mr. Soros’s investment firm that, in 1992, amassed a $10 billion bet that the pound was overvalued. Mr. Soros’s fund earned more than $1 billion, along with credit (and infamy) for orchestrating one of Wall Street’s most audacious trades. When President-elect Donald J. Trump announced his selection of Mr. Bessent as Treasury secretary last week, there was no mention of the connection to Mr. Soros.

Persons: Scott Bessent, Bessent, George Soros, Donald J, Trump, Soros Organizations: Treasury Department, Bank of England, Mr Locations: British

☆ Why Americans Love Aldi; Food Inflation, Budget, Discount Groceries
▼ + stars: | 2024-11-26 | by ( Alex Bitter | ) www.businessinsider.com time to read: +11 min

She usually shopped at Publix, but in 2021, when inflation was sending grocery prices soaring, her curiosity got the better of her. AdvertisementAs grocery prices have jumped by double digits over the past few years, people have felt the sting. So how did a German grocery chain find such a ravenous following in America? For comparison, about 20% of groceries sold in the US last year were store brands, according to the Food Marketing Institute. He expects to see even more Aldi stores opening.

Persons: Julie Herron, Herron, Theo, Karl Albrecht, Aldi, wasn't, Oscar Mayer, Gen Z, Scott Patton, Patton, Joe's, there's, Phil Lempert, She's, Lempert, it's, Dunnhumby, Zak Stambor, I'm, Trump, Jason Hart, they'll, Alex Bitter Organizations: Aldi, Kroger, Foods, Iowa City, Employees, Bank of America, Food Marketing Institute, Aldi USA, Costco, Facebook, Southeastern Grocers, Winn, EMARKETER, Business, Walmart Locations: Nashville, Aldi, Euromonitor, America, Germany, Iowa City , Iowa, Charlotte , North Carolina, Wisconsin, Florida, Washington and Colorado, Illinois

☆ Menendez brothers’ former neighbor says fans are ‘ridiculous.’ But it may prove effective ahead of resentencing
▼ + stars: | 2024-11-26 | by ( Alicia Park | ) edition.cnn.com time to read: +5 min

Police, reporters and curious onlookers soon flooded the neighborhood as audiences started following the highly publicized case that ended in 1996 with brothers Erik and Lyle Menendez receiving life sentences for the murder of their parents. The Beverly Hills Police Department told CNN they responded to 16 calls to the location in October for traffic complaints regarding tour buses and vans, as well as incidents of trespassing and noise. "Monsters: The Lyle And Erik Menendez Story" starred Cooper Koch as Erik Menendez and Nicholas Chavez as Lyle Menendez. Aside from faint memories of the brothers practicing tennis overnight and offering tennis lessons to kids in the neighborhood, Josh said the years have worn the brothers and trial out of his memory. “If the Menendez brothers case leads to a resentencing, there’s encouragement to continue this type of fandom, too,” he said.

Persons: Josh, didn’t, Jose, Kitty Menendez, Erik, Lyle Menendez, Menendez, “, ” Josh, I’m, ”, Ryan Murphy’s, Lyle, Erik Menendez, Adam Golub, Jeffrey Dahmer, John Wayne Gacy, Cooper Koch, Nicholas Chavez, Miles Crist, Netflix “, ’, Golub, who’s, they’ve Organizations: CNN, Police, Milli, California State University, Fullerton, Beverly Hills Police Department, Netflix Locations: Beverly Hills, Argentina, Colombia, Guatemala, Sweden, Golub

A Republican senator is blocking the promotion of Lt. Gen. Christopher T. Donahue, the commander of U.S. troops in the final days of the withdrawal from Afghanistan, in what could be the first salvo in a Trump administration war against America’s generals. Senator Markwayne Mullin, Republican of Oklahoma, put a hold on General Donahue’s promotion to four stars, or general, after his nomination was sent to the Armed Services Committee last week, officials said. Sabrina Singh, a spokeswoman for the Pentagon, told reporters on Monday that the Defense Department was “aware” of the hold. General Donahue was the last American service member to depart Afghanistan as Taliban fighters took control on Aug. 31, 2021. A decorated former Delta Force commander, Army Ranger and paratrooper with multiple tours in Afghanistan and Iraq, he was recently selected to lead the U.S. Army’s Europe Command as the war in Ukraine heads into its fourth year.

Persons: Christopher T, Donahue, Markwayne Mullin, General Donahue’s, Sabrina Singh, General Donahue Organizations: Republican, General, Armed Services Committee, Pentagon, Defense Department, Taliban, Delta Force, Army Ranger, Army’s, Command Locations: U.S, Afghanistan, Oklahoma, Iraq, Ukraine

☆ Thanksgiving weather and travel: A storm, cold and lake-effect snow could cause issues.
▼ + stars: | 2024-11-26 | by ( Mary Gilbert | ) edition.cnn.com time to read: +5 min

TuesdayA quick-moving storm is bringing rain to parts of the East Coast while a few snowflakes fall around the Great Lakes. High elevation snow will bury areas from California’s Sierra Nevada to the Colorado Rockies while rain falls at lower elevations. Conditions will ease throughout the day for California and Nevada but sloppy weather will persist farther east, especially in Utah and Colorado. Dreary weather will extend from the Gulf Coast to the Northeast as the storm that formed late Wednesday pushes east. The Thanksgiving day storm will largely be out of the East by sunrise but lake-effect snow will start up for areas downwind of the Great Lakes as Arctic air rushes over the record-warm lakes.

Persons: Philadelphia hasn’t, Taylor Ward Organizations: CNN, Colorado Rockies, Central and, East, Eastern Seaboard, Dakotas, Philadelphia, New, Center Locations: Here’s, East, Great, New York City, Boston, Sierra Nevada, Central, Central and Southern California, California, Nevada, Utah, Colorado, Mississippi, Illinois, Pennsylvania, New York, New Mexico, Denver, Gulf, New England, Chicago, North Dakota

☆ Hallucinogenic plants detected in residue from ancient Egyptian mug
▼ + stars: | 2024-11-26 | by ( Ashley Strickland | ) edition.cnn.com time to read: +9 min

CNN —Researchers have discovered the residues of psychedelic drugs, bodily fluids and alcohol inside a 2,000-year-old mug, suggesting that ancient Egyptians imbibed hallucinogenic beverages during rituals. “Religion is one of the most fascinating and puzzling aspects of ancient civilizations,” Tanasi said in a statement. Researchers analyzed a 2,000-year-old Bes mug for chemical and DNA traces. Tanasi scanned the Bes mug to conduct a three-dimensonal study of the vessel. “Inebriation played an important ritual role in some ancient Egyptian festivals, especially festivals associated with the flooding of the Nile,” Barrett said.

Persons: ”, Branko van Oppen, Davide Tanasi, Tanasi, we’ve, “, Bes, ” Tanasi, Cassidy Delamarter, ” van Oppen, Cassidy, Betsy Bryan, Alexander Badawy, Bryan, ” Bryan, Caitie Barrett, Barrett, “ Inebriation, ” Barrett, Hathor, “ Bes Organizations: CNN —, Tampa Museum of Art, Institute for Digital Exploration, University of South, Egyptian Art, Johns Hopkins University, Cornell Locations: Egypt, University of South Florida, Saqqara, Giza, Cornell University’s

☆ Hannah Kobayashi: What we know about missing Hawaii woman and the death of her father
▼ + stars: | 2024-11-26 | by ( Michelle Watson | Caroll Alvarado | ) edition.cnn.com time to read: +6 min

CNN —It’s been two weeks since Hawaii woman Hannah Kobayashi went missing after she did not board a connecting flight to New York City during a layover at Los Angeles International Airport on November 8. Her father, Ryan Kobayashi, was found dead Sunday, after he had traveled to Los Angeles to search for her. The Los Angeles County medical examiner’s office determined he died by suicide. The Kobayashi family said the “devastating tragedy” only adds to their anguish. “After tirelessly searching throughout Los Angeles for 13 days, Hannah’s father, Ryan Kobayashi, tragically took his own life.

Persons: CNN — It’s, Hannah Kobayashi, Ryan Kobayashi, Ryan Kobayashi’s, Kobayashi, “, Hannah’s, Hannah, New York Hannah, John F, Sydni, LeBron, –, texted, ”, Los Angeles Police Department’s, ‘ Ryan, Ryan, “ Hannah, CNN’s Veronica Miracle, “ I’m, Larie Pidgeon, ” Pidgeon, fiancée, ” CNN’s Karina Tsui, Amanda Jackson, Elizabeth Wolfe, Maria Aguilar Prieto, Natasha Chen, Chris Boyette Organizations: International Association for Suicide Prevention, Befrienders, CNN, Los Angeles International Airport, LAPD, CNN –, John, Kennedy International Airport, Taschen, YouTube, Nike, Los Angeles Police, Facebook, Metro Locations: Hawaii, New York City, Los Angeles, Los Angeles County, New York, Maui, Grove, Crypto.com, ”

☆ Nordstrom tops Wall Street’s earnings expectations, as shoppers buy more clothes and shoes
▼ + stars: | 2024-11-26 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +4 min

Nordstrom on Tuesday beat Wall Street's quarterly sales expectations, as revenue grew about 4% year over year from shoppers buying clothing, shoes and activewear at both the company's namesake department store and its off-price chain. Compared with the second quarter, women's apparel, shoes and men's apparel sales in the fiscal third quarter also grew sequentially. Comparable sales increased 4% across Nordstrom's two brands, its namesake and its off-price chain, Nordstrom Rack. That easily topped analysts' expectations for 0.7% gains in comparable sales, according to StreetAccount. Nordstrom's sales growth, while modest, is notable at a time when sales of discretionary merchandise and the luxury category have been under pressure.

Persons: Nordstrom, Erik Nordstorm, we're, we'll, we've, Erik Nordstrom, Peter Nordstrom Organizations: LSEG, Nordstrom, Retailers, Walmart, El Puerto de Liverpool Locations: Chicago , Illinois, Seattle, Mexican, El Puerto

☆ Israel-Hezbollah permanent ceasefire has been accepted, Biden says
▼ + stars: | 2024-11-26 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +1 min

A permanent ceasefire between Israel and Lebanon's Hezbollah is scheduled to begin Wednesday, following a yearlong conflict between the Jewish state and Iranian-backed groups. "Over the next 60 days, the Lebanese army and state security forces will deploy and take control of their own territory," said Biden. Earlier in the day Tuesday, Israeli Prime Minister Benjamin Netanyahu said in a televised address that he supported the ceasefire deal, which he sent to his Cabinet for approval. "The ceasefire allows us to focus on the Iranian threat," said Netanyahu. "We will complete the elimination of Hamas, the return of all the hostages and the return of the residents of the north."

Persons: Joe Biden, Biden, Benjamin Netanyahu, Netanyahu Organizations: Palestinian, Hamas Locations: Israel, Iranian, France, Lebanese, Gaza, Jewish

☆ Automaker shares fall as Trump threatens 25% tariff on Mexico and Canada
▼ + stars: | 2024-11-26 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

Jorge Duenes | REUTERSDETROIT – Shares of automakers General Motors and Stellantis fell Tuesday morning after President-elect Donald Trump threatened to put 25% tariffs on goods imported from Canada and Mexico into the U.S. UBS reports the automotive industry is responsible for 26% of imports from Mexico to the U.S., including vehicles and parts, and 12% from Canada. Nearly every major automaker operating in the U.S. has factories in Mexico, however GM and Stellantis produce highly profitable full-size pickup trucks there. Shares of Toyota Motor, Honda Motor and others with production in Mexico also were down at least 1%. Trump announced he intends to levy a 25% tariff on all U.S. imports from Canada and Mexico using an executive order when he is inaugurated on Jan. 20.

Persons: Jorge Duenes, Stellantis, Donald Trump, Trump Organizations: Toyota, REUTERS DETROIT –, General Motors, American Free Trade, UBS, GM, Barclays, Ford, Chrysler, Ford Motor, Toyota Motor, Honda Motor, North American Free Trade, American Automotive Policy Council Locations: U.S, Tijuana , Mexico, Canada, Mexico, United States

☆ Trump’s evasion of January 6 accountability will echo for next four years and generations to come
▼ + stars: | 2024-11-26 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

The federal elections case led to a Supreme Court ruling granting a president limited immunity for official acts. This is likely to reinforce Trump’s belief that he will have almost unchecked authority and will therefore reverberate through the next four years and generations to come. And by voting the way they did, Americans effectively exonerated him in the federal cases — on charges that could have landed him in jail. Drew Angerer/Getty ImagesWhat the thwarting of accountability meansThere will be short- and long-term consequences from Trump escaping accountability. But he also portrayed Trump’s evasion of a trial as a dark day for America.

Persons: Jack Smith, Donald J, Trump, Trump’s, –, “, Smith, ”, Donald Trump, Drew Angerer, ” James, Julia Chatterley, “ It’s, Tanya Chutkan, Merrick Garland, Garland, —, I’m, Steven Hirsch, ” Trump, ” Smith, Joe Biden, Dan Goldman, CNN’s Boris Sanchez Organizations: CNN, Trump, Capitol, Department, US, Hofstra University, CNN International, Democrat, Justice Department, Democrats, Democratic House, stoke, Republican Party, Republican, Manhattan Criminal, FBI, MAKE, New York Democrat, America, United Locations: United States, America, Washington ,, Washington, New York, Georgia, New York City, Florida

☆ Scott Turner, a former NFL player and Trump’s pick to lead Housing and Urban Development, faces a difficult task
▼ + stars: | 2024-11-26 | by ( Samantha Delouya | ) edition.cnn.com time to read: +6 min

Donald Trump ran on the promise of steep government budget cuts, and some industry experts believe money flowing toward HUD could be on the chopping block. The housing agency provides rental assistance for low-income households, administers mortgage insurance to prospective homeowners and enforces fair housing law. During Trump’s first term, his office repeatedly sought to make steep cuts to HUD’s budget, though they never passed Congress. If Trump successfully implements budget cuts “there will be longer waiting lists for housing vouchers. Liz Osborn, the vice president of policy at Enterprise Community Partners, a nonprofit focused on home access and affordability, said that HUD budget cuts in Trump’s second term aren’t a guarantee, though.

Persons: Scott Turner, Donald Trump, ”, Bob Greenstein, Turner, Ben Carson, Trump’s, Carl Harris, ” Harris, Bob Broeksmit, Broeksmit, Trump, Ginnie Mae, ” Broeksmit, Elon Musk, Vivek Ramaswamy, that’s, Howard Husock, Biden, ” Husock, Husock, Liz Osborn, “, ” Osborn, ” Turner, ” Trump, JPMorgan Chase Organizations: CNN, Department of Housing, Urban Development, Brookings Institution, NFL, National Association of Home Builders, HUD, Mortgage Bankers Association, Federal Housing Administration, “ Department, Government, American Enterprise Institute, Enterprise Community Partners, White, Economic, Scott’s, Urban Institute, JPMorgan Locations: America, Trump’s

☆ ‘If you mark it down, they will come.’ What to expect from retailers this holiday season
▼ + stars: | 2024-11-26 | by ( Alicia Wallace | ) edition.cnn.com time to read: +11 min

While economists say this holiday shopping season could ultimately be the most normal one (sales-wise) since before the pandemic, it’s also decked out with plenty of uncertainty. While it would set a new record as well (keep in mind, those figures aren’t adjusted for inflation), this holiday season might be a little more muted than last. A shortened holiday seasonA short shopping season, however, may force the hands of retailers who are looking to hold back on deep promotions. This year, there are 26 days between Thanksgiving and Christmas, marking the shortest holiday shopping season possible. Courtesy Dan MarshallMarshall remains quite optimistic that Mischief will enjoy yet another strong Black Friday, Small Business Saturday and, ultimately, holiday season.

Persons: It’s, it’s, ”, Neil Saunders, “ it’s, Frederic J . Brown, TJ Maxx, Scrooge ‘, Saunders, ” Franklin Bracken, Locker, Bing Guan, ” Bracken, Jeffrey Davidson, “, ” Davidson, Shannon Grein, “ It’s, Seth Wenig, TransUnion, Charlie Wise, TransUnion’s, Wise, Brendan McDermid, Dan Marshall, Marshall, Dan Marshall Marshall, “ We’re, —, they’ll Organizations: CNN, B Department, Jersey Shore, National Retail Federation, GlobalData, Getty, Walmart, Target, Goldman, Global Retailing Conference, Bloomberg, Black, University of Michigan, Reuters, November’s University of Michigan, University of Locations: Jersey, Las Vegas , Nevada, AFP, New York, New Jersey, Wells Fargo, Ramsey , New Jersey, Wells, New York City, Oxford, St, Paul , Minnesota

☆ Wall Street is bullish on sports investing as major leagues' values outpace the S&P 500 by up to 5 times. Here's the strategy and sectors top firms are betting on.
▼ + stars: | 2024-11-26 | by ( Laila Maidan | ) www.businessinsider.com time to read: +5 min

AdvertisementFormula 1 kicked off the trend in 2006 after allowing private equity firm CVC Capital Partners to purchase it. Then, in 2021, the NBA allowed private equity to own up to 20% of franchises. For example, the value of Major League Soccer (MLS) was up by 1,565%, or almost five times the index. "You've seen many large private equity firms participating in that space over the past five years or longer, and that certainly has seen significant valuation growth. Below is a table from JPMorgan's 2025 outlook report showing private equity funds planned investment themes.

Persons: David Tepper, Steve Cohen, Jay Serpe, Ted Yarbrough, Serpe, You've, JP Morgan, Yarbrough Organizations: Sports, Carolina Panthers, New York Mets, Capital Partners, NBA, JPMorgan Private Bank, Major League Soccer

CNN —The Israeli security cabinet on Tuesday voted to approve a ceasefire deal in Lebanon, an Israeli official told CNN, potentially bringing an end to more than a year of cross-border skirmishes with Hezbollah and months of a full-scale war that has killed thousands. Resolution 1701 was adopted to end a 34-day war between Israel and Lebanon in 2006, and had kept relative calm in the area for nearly two decades. At least 10 people were killed in the strikes on central Beirut, the Lebanese Health Ministry said. Israeli Prime Minister Benjamin Netanyahu speaks during a televised address Tuesday evening. In his address, Netanyahu stressed that Israel will respond “forcefully” if Hezbollah violates the agreement and attempts to rearm.

Persons: Israel, Benjamin Netanyahu, ” Netanyahu, Itamar Ben Gvir, ”, Ben Gvir, Avihay Shtern, Shmona –, “, Shmona ”, ” Shtern, Netanyahu Organizations: CNN, UN, Lebanese, Lebanese Health Ministry, US State Department, National Locations: Lebanon, Israel, Beirut, –, Gaza, Israel’s

☆ Musk's F-35 jab could be a preview of the fights DOGE will wage to cut government spending
▼ + stars: | 2024-11-26 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

Cookbook authors and chefs explain how you can make almost any part of your holiday meal in a Crock-Pot . Today, we're looking at what Elon Musk's jab at the F-35 says about the debate over using manned fighters or drones in warfare . AdvertisementWith promises of cutting trillions of dollars in government spending, DOGE will need to swing big. Drone usage in combat is on the rise, as is evident in the Ukraine war, and offers benefits around cost. Zoom is taking an AI-first approach to corporate communications , CEO Eric Yuan wrote in a company blog post published Monday.

Persons: Elon, Marc Piasecki, Chelsea Jia Feng, Matthew Loh, Mia Jankowicz, Donald Trump's, Lockheed Martin, Vivek Ramaswamy, Clawson, Ryan Pickrell, Mia, Justin Sullivan, he'll, Trump, Warren Buffett, he's, Pavlo Gonchar, Eric Yuan, it's, Jenny Chang, Rodriguez, Dan DeFrancesco, Grace Lett, Ella Hopkins, Amanda Yen, Jack Sommers, London.Milan Sehmbi Organizations: Business, of Government, Lockheed, Aerospace, Defense, Hezbollah, Super, Republican, Images Trump, Social, Key Square, Scott, Berkshire Hathaway, Getty Images, Communications, Aldi, Google Locations: Israel, Ukraine, Canada, Mexico, China, New York, Chicago, London, London.Milan

☆ Medicare, Medicaid: 7.4 million Americans could gain coverage for anti-obesity drugs under Biden proposal
▼ + stars: | 2024-11-26 | by ( Tami Luhby | ) edition.cnn.com time to read: +4 min

CNN —Millions more senior citizens and lower-income Americans could obtain coverage for costly anti-obesity drugs under a proposal being unveiled Tuesday by the Biden administration. Some Medicare enrollees could see their out-of-pocket costs drop by as much as 95%. The incoming Trump administration may not view expanding coverage of anti-obesity drugs as favorably. About 3.6 million Medicare enrollees with cardiovascular disease could be newly eligible for Wegovy, according to a KFF analysis released in April. Not all job-based health insurance plans cover anti-obesity medications, though larger employers are more likely to offer the benefit.

Persons: Biden, It’s, Joe Biden, Trump, Robert F, Kennedy Jr, Donald Trump, Dr, Mehmet Oz, don’t Organizations: CNN, Medicare, Department of Health, Human Services, RFK Jr, Fox, Services, Trump, Medicare enrollees, Food and Drug Administration, Congressional, Survey Locations: That’s, KFF

☆ Small caps historically outperform even the Santa Claus rally, starting before Thanksgiving
▼ + stars: | 2024-11-26 | by ( Sean Conlon | ) www.cnbc.com time to read: +4 min

The weeks heading into year-end often mark a bullish time for stocks, and smaller companies especially might be poised for outperformance. With that in mind, Jeffrey Hirsch, editor-in-chief of the Stock Trader's Almanac, believes investors should buy small caps from the Tuesday before Thanksgiving this year and hold them until Jan. 3rd, 2025. The tendency for small caps to outperform large caps from mid-December through January, combined with the so-called Santa Claus rally right around Christmas, can bolster small-cap growth stocks, Hirsch said. That rally "rhymes with the post-2016 election move," according to John Hancock Investment Management co-chief investment strategist Emily Roland. He's really focused more on the food companies, eating healthier, vaccine companies and just making sure they're held to the same standards."

Persons: Jeffrey Hirsch, Jan, Hirsch, Santa Claus, Donald Trump's, Russell, What's, Emily Roland, Julie Biel, Kayne Anderson, Biel, Gregg Fisher, Matt Unger, Robert F, Kennedy Jr, Unger, they're Organizations: Stock, CNBC, Regional Banking, John Hancock Investment Management, Quent, Osterweis Opportunity, Trump, Department of Health, Human Services, RFK Locations: Santa

☆ Majority of social media influencers don’t verify information before sharing it, study finds
▼ + stars: | 2024-11-26 | by ( Liam Reilly | ) edition.cnn.com time to read: +6 min

According to the UNESCO study, 62% of surveyed creators said they don’t vet the accuracy of content before sharing it with their followers. The study comes in the wake of the 2024 US presidential election, in which social media influencers played a key role as an information source for voters. During the campaign, President-elect Donald Trump and Vice President Kamala Harris harnessed social media influencers and podcasters with millions of followers, including Joe Rogan and Alex Cooper, to appeal directly to voters. And a separate survey from Pew found that more than half of American adults “at least sometimes” get their news from social media. Online influencers generally do not rely on official sources of information, such as government-issued reports and documents, the UNESCO study found.

Persons: influencers, Donald Trump, Kamala Harris, Joe Rogan, Alex Cooper, ”, Pew, ” Zhang Zhaoyuan, Kassy Cho, Instagram, Influencer, Trump, Tim Pool, Benny Johnson, Dave Rubin —, Elon Musk’s, Musk Organizations: New, New York CNN, UNESCO, ” UNESCO, Pew Research Center, Tenet Media, Justice Department, YouTube, Google, Facebook Locations: New York, China, Springfield , Ohio, Russia, Social

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

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

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

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