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☆ A KLM Boeing 777 turned around over the Atlantic, leaving passengers on a 4-hour flight to nowhere
▼ + stars: | 2024-12-03 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

AdvertisementA KLM Boeing 777 flying from the Netherlands to South America turned around over the Atlantic Ocean. A KLM plane U-turned over the Atlantic Ocean, leaving passengers with a four-hour flight to nowhere . The Boeing 777 left Amsterdam for Paramaribo, the capital of the small South American nation of Suriname on Sunday. But two hours into the journey and around 900 nautical miles from Amsterdam, the Boeing 777 turned around over the ocean and headed back. In late October, a British Airways Boeing 777 developed a problem over the Atlantic.

Persons: São Paulo Organizations: KLM Boeing, KLM, Boeing, Amsterdam Schiphol Airport, Aviation Herald, Passengers, American Airlines, British Airways Boeing, Air Locations: Netherlands, South America, Suriname, Amsterdam, Paramaribo, American, Dutch, Brazil, Miami, London, Air France, Canada's

☆ Jennifer Lopez said she wondered whether she was enough for her kids as a single mom
▼ + stars: | 2024-12-03 | by ( Erin Liam | ) www.businessinsider.com time to read: +3 min

Jennifer Lopez said she asked herself if she was enough for her kids when she was a single mom. In an interview with Entertainment Weekly published on Monday, the actor opened up about being a single mom. Related Video Why childcare has become so unaffordable"I've been a single mom at times in my life and [I've asked], 'Am I enough for them?'" In the film "Unstoppable," Lopez plays Judy Robles, the mother of NCAA wrestler Anthony Robles. In April, Ashley Espinoza, who has a daughter, wrote for BI about the loneliness of being a single parent.

Persons: Jennifer Lopez, Anthony Robles, Marc Anthony, I've, Lopez, Emme, Max, Judy Robles, Robles, he's, Kelly, Mark, Ben Affleck, Hoda Kotb, I'm, Ashley Espinoza, Sheila Hageman, she's Organizations: Entertainment, BI

☆ Traders brace for Friday's jobs report, but Trump's next move may matter more
▼ + stars: | 2024-12-03 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

Stock market trading has been acutely sensitive to economic data in the post-Covid era, with the averages moving sharply on upside and downside surprises. The first test if that holds true: Friday's nonfarm payrolls report for November that Bank of America recommends market participants "tread carefully" when assessing due to noisy data. "The market has never been this reactive to macro data as it has post-COVID. Like the October report, BofA expects the payrolls release to be noisy because of impacts from storms in the Southeast and a Boeing strike. The firm sees an above-consensus 240,000 jobs created, with 100,000 built in from the reversal of the storm and strike impacts.

Persons: Donald Trump, Ohsung Kwon, Trump, Kwon, BofA, Dow Jones Organizations: of America, Boeing Locations: Wall, Canada, Mexico, U.S

☆ China Announces a Ban on Rare Minerals to the U.S.
▼ + stars: | 2024-12-03 | by ( David Pierson | More About David Pierson | ) www.nytimes.com time to read: +1 min

China said on Tuesday it would begin banning the export of some rare minerals to the United States, in an escalation of the tech war between the world’s two biggest powers. China produces almost all the world’s supply of critical minerals needed to make advanced technologies such as semiconductors. Beijing has been tightening its grip on the materials, also known as rare earths, in retaliation for U.S. export controls. In October, China began requiring its exporters to disclose, step by step, how the minerals would be used in Western supply chains. The move was the third significant action in the past three years in the Biden administration’s bid to prevent China from catching up to the United States in cutting-edge technologies.

Persons: Biden Organizations: China’s Ministry of Commerce, Biden Locations: China, United States, Beijing

☆ BlackRock is buying HPS, rounding out a year of blockbuster deals
▼ + stars: | 2024-12-03 | by ( Michelle Abrego | ) www.businessinsider.com time to read: +5 min

AdvertisementBlackRock is nearing a deal to buy private credit firm HPS Investment Partners. HPS would be another major private markets deal for the $11.5 trillion money manager. BlackRock, known for its ETFs, is hoping a shift to private markets will drive growth. BlackRock is set to buy HPS Investment Partners, a private credit behemoth managing $150 billion, in an all-stock deal worth around $12 billion, the Wall Street Journal reported Tuesday morning. The three will now join BlackRock's global executive committee and lead a new unit combining HPS and BlackRock's existing private credit business, according to the WSJ report.

Persons: HPS, Larry Fink, Fink, Izzy Englander's, Scott Kapnick, Goldman Sachs, Scot French, Michael Patterson, Cindy Ord, BlackRock, GIP, Martin, It's Organizations: BlackRock, HPS Investment Partners, Wall Street, Global Infrastructure Partners, Management, Barclays, Investment, JPMorgan, Highbridge Capital Management, HPS Investment, Getty, Private, Wall, Bloomberg, Apollo, KKR, Tennenbaum Capital Partners Locations: BlackRock

☆ Larry Ellison is investing up to $165 million to turn University of Oxford science research into products
▼ + stars: | 2024-12-03 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +3 min

AdvertisementLarry Ellison plans to invest up to $165 million into research at the University of Oxford. The Ellison Institute of Technology is opening a campus in Oxford in 2027. Larry Ellison is betting big on research and development in the UK by investing at least $127 million through his technology institute to help turn scientific discoveries at the University of Oxford into products. "This long-term, strategic partnership with the University of Oxford is at the heart of delivering on that goal," he added. The Oracle cofounder, now the world's fourth richest person, founded The Ellison Institute of Technology as a research and development center for healthcare.

Persons: Larry Ellison, Ellison, Irene Tracey, Sir John Bell, EIT, Bell, Lord Patrick Vallance, David Organizations: University of Oxford, Ellison Institute of Technology, Oracle, supercomputing, Paramount Locations: Oxford, EIT Oxford

☆ South Korea's inflation climbs in November, but misses expectations
▼ + stars: | 2024-12-03 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

South Korea's inflation rate climbed in November to 1.5% year on year, from a 45-month low in October, as the country grapples with a weakening Korean won and slowing exports. Last Thursday, South Korea's central bank unexpectedly cut rates by 25 basis points to 3%, marking the first time that the Bank of Korea had enacted two back-to-back cuts since 2009. South Korea narrowly avoided a technical recession in the third quarter, with GDP growing 0.1% quarter on quarter, according to the bank's advance estimates, following a contraction of 0.2% in the second quarter. South Korea's currency has weakened against the greenback over October and November, hitting a two-year high of 1,411.31 as tariff fears from the incoming Trump administration take hold. Data from the World Integrated Trade Solution platform — set up by the World Bank — lists the U.S. as South Korea's second largest trade partner.

Persons: BOK Organizations: Reuters, Bank of, Trump, World, World Bank Locations: Seoul, Korean, Bank of Korea, Korea

☆ A KLM Boeing 777 turned around over the Atlantic, leaving passengers on a 4-hour 'flight to nowhere'
▼ + stars: | 2024-12-03 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

Persons: It's, São Paulo Organizations: KLM Boeing, KLM, Boeing, Amsterdam Schiphol Airport, Aviation Herald, Business, American Airlines, British Airways Boeing, Air Locations: Netherlands, South America, Suriname, Amsterdam, Paramaribo, American, Dutch, Brazil, Miami, London, Air France, Canada's

☆ Voyager 1’s dwindling power supply is threatening the 47-year-long mission
▼ + stars: | 2024-12-03 | by ( Ashley Strickland | ) edition.cnn.com time to read: +7 min

CNN —NASA engineers have successfully restored contact with Voyager 1 and the spacecraft is operating normally after its dwindling power supply caused a weekslong blackout. out of them.”The mission team began turning off any systems that weren’t crucial for flying the probes about five years ago. Some of those systems included heaters that were designed to keep the science instruments operating at the correct temperature. Keeping the Voyager probes onlineThe Voyager team has computer models to help them predict how much power the spacecraft’s heaters and instruments are expected to use. “The bigger issue is how long can we keep the science instruments going with the current power available.”

Persons: ”, Kareem Badaruddin, ” Badaruddin, “, Bruce Waggoner, hadn’t, Badaruddin Organizations: CNN, NASA, Jet Propulsion Laboratory, Space Locations: Pasadena , California

☆ Russia wants its pro-war bloggers to identify themselves by 2025. Only about 10% of its top channels are complying, analysis says.
▼ + stars: | 2024-12-03 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

But Kremlin-affiliated and pro-war accounts aren't playing ball, independent Russian media reported. A new analysis found that only 10 of the top 82 political pro-government Telegram channels had registered. Nearly 90% of Russia's top pro-war Telegram channels have been ignoring a government directive to identify themselves in an official registry, per an analysis by independent media outlet Vertska. But the move was originally unpopular with pro-Kremlin military bloggers, who often maintain anonymity and sometimes post analyses and criticism of Russian war leaders. Vyacheslav Volodin, the chairman of Russia's State Duma, runs the most popular registered channel.

Persons: Vladimir Putin, Vertska, Rybar, Ramzan Kadyrov, Dmitry Medvedev, Sergei Sobyanin, Boris Rozhin, Cassad, Dmitry Nikotin, Vyacheslav Volodin, Roskomnadzor Organizations: Kremlin, Security Council, Russian Defense, Duma, Business, YouTube Locations: Russia, Russian, Moscow's, Washington, Ukraine, Moscow

☆ Princess of Wales joins royals for Qatar state visit as Queen Camilla misses welcome due to illness
▼ + stars: | 2024-12-03 | by ( Catherine Nicholls | Max Foster | ) edition.cnn.com time to read: +3 min

However, Queen Camilla was absent from the start of proceedings due to a lingering chest infection contracted last month. On Wednesday, the emir will visit the Royal Military Academy Sandhurst in Berkshire, where he used to study. The Princess of Wales greets dignitaries as she arrives for the ceremonial welcome for the Emir of Qatar at Horse Guards Parade. Queen Camilla was originally set to attend, but pulled out after picking up a chest infection following her overseas visit to Australia and Samoa. Camilla missed the open-air arrival ceremony for the Qatari emir but was expected to attend lunch at the palace as well as the banquet.

Persons: London CNN — Catherine, Princess, Queen Camilla, Kate, William , Prince of, Sheikh Tamim bin Hamad, Khalifa Al Thani, Sheikha Jawaher, James Park, King Charles III, King Charles, Keir Starmer, Wales, Henry Nicholls, Reuters Kate, William, Camilla Organizations: London CNN, Horse Guards, 1st Battalion Welsh Guards, Royal Military Academy Sandhurst, Downing, UK, Reuters, Windsor, CNN’s Royal Locations: Wales, Qatar, United Kingdom, William , Prince of Wales, St, Buckingham Palace, Whitehall, British, Berkshire, Southport, England, London, Australia, Samoa

☆ Alex Consani becomes first transgender Model of the Year
▼ + stars: | 2024-12-03 | by ( Oscar Holland | ) edition.cnn.com time to read: +4 min

CNN —American model Alex Consani has become the first transgender woman to win Model of the Year, following a string of high-profile runway appearances for labels like Chanel, Stella McCartney and Victoria’s Secret. “Because change is more than possible — it’s needed.”Consani takes the stage at the Royal Albert Hall in London to accept the award for Model of the Year. In October, Consani and Valentina Sampaio made history by becoming the first trans models to appear on the runway at the Victoria’s Secret Fashion Show. Black trans model Kai-Isaiah Jamal was among the nominees for last year’s award, which was ultimately won by plus-size model Paloma Elsesser. Categories for the best British menswear and womenswear designers were meanwhile awarded to Grace Wales Bonner and Simone Rocha, respectively.

Persons: Alex Consani, Chanel, Stella McCartney, Consani, Ashley Graham, Nava Mau, Jeff Spicer, Claudia Schiffer, Hailey Bieber, Hadid, Tom Ford, Alexander McQueen, Versace, Valentina Sampaio, Dilara Findikoglu, —, Connie Fleming, Aaron Rose Philip —, “, Kai, Isaiah Jamal, Paloma Elsesser, Jonathan Anderson, Loewe, JW Anderson, Anna Wintour, Rihanna, Samir Hussein, Debbie Harry, Rita Ora, Venus Williams, Rocky, Grace Wales Bonner, Simone Rocha Organizations: CNN, Royal Albert Hall, IMG, Turkish, British Fashion Council, Rocky, London Fashion Week’s Locations: American, London, TikTok, British, Dilara Findikoglu , California, Palestine

☆ A bullish trade on Alphabet with low risk and high upside using options
▼ + stars: | 2024-12-03 | by ( Nishant Pant | ) www.cnbc.com time to read: +3 min

Even after surpassing earnings estimates in late October, Alphabet (GOOG) has faced persistent pressure over the past four weeks. Support/Resistance Using the classic principles of support and resistance, it's clear that GOOG has strong long-term support around the $165 level. The trade To take a bullish trade on GOOG, I'm using a trade structure called a "bull call spread." To construct my bull call spread, I need to buy a $170 call and sell a $175 call as a single unit. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: underperformed, Nishant Pant Organizations: Nasdaq, CNBC, NBC UNIVERSAL Locations: GOOG

☆ Asia-Pacific markets set to open higher, tracking Wall Street gains after key benchmarks hit new records
▼ + stars: | 2024-12-03 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +1 min

Asia-Pacific markets are set to open higher on Tuesday, tracking gains on Wall Street after the S&P 500 and the Nasdaq Composite rose to new records. Hong Kong's Hang Seng index futures were at 19,628, higher than the HSI's last close of 19,550.29. Overnight in the U.S., the S&P 500 added 0.24% to close at 6,047.15. The blue-chip index briefly topped the 45,000 level during the day, a key threshold it hit a few times last week. Fed funds futures are currently pricing in a 76% probability that the central bank lowers interest rates during its policy gathering, according to CME's FedWatch Tool.

Persons: Ed JONES, ED JONES, CME's, —, Alex Harring, Lisa Kailai Han Organizations: Getty, Nikkei, Nasdaq, Traders, Federal Reserve, Reuters, Dow Jones Industrial Locations: Seoul, AFP, Chicago, Osaka, Asia, Pacific, U.S

☆ 'Buy this stock right here' — Jim Cramer is hot on the world's biggest asset manager
▼ + stars: | 2024-12-03 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Club stock BlackRock is adding private credit to its menu of services, agreeing to buy HPS Investment Partners for $12 billion in stock. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: Jim Cramer, Larry Fink, He's, Jim, Fink, It's, Agentforce, Stocks, Jim Cramer's Organizations: CNBC, Nasdaq, Treasury, Club, BlackRock, HPS Investment Partners, CVS Health, FedEx, U.S . Steel

☆ Constellation Brands to sell Svedka vodka to Sazerac as wine and spirits segment struggles
▼ + stars: | 2024-12-03 | by ( Brandon Gomez | In Brandon-Gomez | ) www.cnbc.com time to read: +3 min

Constellation Brands announced Tuesday it will sell its Svedka vodka brand to New Orleans-based spirits company Sazerac. Constellation's wine and spirits business has been dragging on the company's strong beer portfolio, which includes Modelo and Corona. In the second quarter, the company's wine and spirits shipments dropped 9.8% year over year, the company reported. Constellation's spirits portfolio will continue to own including High West Whiskey, Mi Campo Tequila and Casa Noble Tequila. Bernstein called the news "a clear positive for Constellation," saying the company's wine and spirits weakness has dragged on the beer business.

Persons: Bill Newlands, Newlands, Campo, Casa Noble, Bernstein, Nadine Sarwat, Morgan Stanley Organizations: Constellation Brands Inc, Constellation Brands, Constellation, Modelo, Marque, Comfort, Morgan, Morgan Stanley Global Consumer, Retail Conference Locations: New York, New Orleans, Corona, Buffalo

☆ Thieves steal van containing 2,500 pies from Michelin-starred chef
▼ + stars: | 2024-12-03 | by ( Jack Guy | ) edition.cnn.com time to read: +2 min

London CNN —Thieves in northern England might have bitten off more than they can chew after stealing a van carrying 2,500 pies, worth about £25,000 ($31,600). Michelin-starred chef Tommy Banks said on Monday that the pies were loaded and ready to be delivered to York Christmas Market when the van was stolen. “They probably didn’t bargain for the nearly ton of pies that is in the back of it (the van),” he added. If you are the thieves and read this I urge you to… drop the pies off somewhere. “Also I think you are a thieving piece of sh*t and I hope you don’t get any presents this Christmas,” added Banks.

Persons: Tommy Banks, “ We’ve, ”, Banks, “, they’ve, scammers Organizations: London CNN, Michelin, York, North Yorkshire Police Locations: England, Oldstead, London

☆ The most popular Wikipedia pages of 2024
▼ + stars: | 2024-12-03 | by ( John Towfighi | ) edition.cnn.com time to read: +7 min

From queries about US politics to cricket in India, Wikipedia has become a source of information for millions of people across the globe. US politics and pop culture dominatedWikipedia’s most viewed pages of 2024 were largely related to US popular culture and politics. Project 2025 also got a place in the top 10, coming in ninth with nearly 20 million views. The Wikipedia page about the brothers received over 26 million views in 2024. The top 25 most viewed Wikipedia pages of 2024, ranked by page views:1.

Persons: Anusha Alikhan, Taylor Swift, Kamala Harris, Donald Trump, JD Vance, Carlos Osorio, Elon Musk, Trump, who’s, Joe Biden, Robert F, Kennedy Jr, Tim Walz, Lyle, Erik Menendez, ”, Barbie ”, “ Oppenheimer ”, Griselda Blanco, Swift, Sean “ Diddy ” Combs, Liam Payne, Alikhan, Narendra Modi, Adnan Abidi, Cristiano Ronaldo, “ Deadpool, Kalki, Sean Combs Organizations: CNN, Wikimedia Foundation, Reuters, “ Department, Government, Democratic, Netflix, Wikimedia, Indian Premier League, India, Indian, Bharatiya Janata Party, UEFA, United Locations: India, Grand Rapids , Michigan, Minnesota, Colombian, British, New Delhi, ChatGPT, United States

☆ BYD raced past its annual delivery target ahead of schedule, throwing down the gauntlet for Tesla
▼ + stars: | 2024-12-03 | by ( Tom Carter | ) www.businessinsider.com time to read: +2 min

The automaker has thrown down a gauntlet for Tesla, which faces a battle to beat 2023's record sales. Tesla and its Chinese rival are locked in a battle to become the world's largest EV company. BYD has surpassed its annual sales target a month ahead of schedule, throwing down a gauntlet for Tesla as Elon Musk's company scrambles to meet its own annual goal. The Chinese EV giant delivered 504,000 passenger vehicles in November, according to figures released on Sunday. BYD has now sold over 3.7 million cars this year, meaning it has smashed its annual target of 3.6 million sales with a month to go.

Persons: BYD, Tesla, scrambles, Elon Musk Organizations: Tesla, EV, —, Elon, BYD Locations: China

☆ Jakob Ingebrigtsen: Olympic champion’s father to stand trial over physical and mental abuse charges
▼ + stars: | 2024-12-03 | by ( George Ramsay | ) edition.cnn.com time to read: +4 min

CNN —The father of decorated Norwegian distance runner Jakob Ingebrigtsen will stand trial next year after being charged with physical and mental abuse of his son, Norwegian public prosecutors told CNN Sport. “I can confirm that Gjert Ingebrigtsen on November 29th was indicted by our office for physical and mental abuse of his son Jakob Ingebrigtsen,” public prosecutor Birgitte Budal Løvlund told CNN. Jakob Ingebrigtsen is one of the world’s most successful track athletes and a huge star in Norway. From left to right, Henrik, Jakob and Filip Ingebrigtsen celebrate during the 2018 European Championships in Berlin. In a story for Norwegian newspaper VG published last year, Jakob, Henrik and Filip spoke about feeling “discomfort and fear” around their father since they were children.

Persons: Jakob Ingebrigtsen, Gjert Ingebrigtsen, – Henrik, Filip, Jakob –, Ingebrigtsen, Birgitte Budal Løvlund, ” Løvlund, “, John Christian Elden, Heidi Reisvang, Elden Advokatfirma, Henrik, Jakob, Filip Ingebrigtsen, Alexander Hassenstein, “ Jakob, Espen Skoland, ”, Gjert, VG, Per, Gilje Nordås Organizations: CNN, CNN Sport, Paris Olympics, “ Locations: Norwegian, Sør, Rogaland, Norway, Tokyo, Berlin

☆ Florida woman who led $200 million Ponzi scheme sentenced to 20 years in prison
▼ + stars: | 2024-12-03 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +3 min

Screenshot of Johanna Michely Garcia of MJ Capital Funding, who was sentenced on Dec. 3, 2024, to 20 years in prison in a Ponzi scheme. A Florida woman who pleaded guilty for her role in a Ponzi scheme that raked in nearly $200 million was sentenced Tuesday to 20 years in prison. Judge Jose Martinez also sentenced Garcia to three years of supervised release and a $100 special assessment, plus additional restitution which will be determined on March 3, the case docket shows. "As a result, Garcia paid investors by running a large Ponzi fraud scheme, paying existing investors using new investor funds while misappropriating millions of dollars for her own personal benefit." In 2021, investors in MJ Capital filed a lawsuit accusing Wells Fargo Bank of aiding the fraud scheme by failing to follow its own anti-money laundering policies.

Persons: Johanna Michely Garcia, Johanna Garcia, Judge Jose Martinez, Garcia, Wells, Law360, Pavel Ramon Ruiz Hernandez, Prosecutors, Ruiz Hernandez Organizations: MJ, Investors, MCAs, MCA, MJ Capital, Bank, FBI, Securities and Exchange Commission, Prisons Locations: Florida, Broward County, U.S, MCAs

☆ Russia's sky-high interest rates will struggle to fight inflation in the sanctions-stricken economy, top Russian bank CEO says
▼ + stars: | 2024-12-03 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

AdvertisementRussia's interest rate hikes might not be an effective tool to fight inflation, the head of VTB bank said. The chief of VTB, Russia's second-largest bank, delivered the remarks after the Russian central bank raised its benchmark interest rate to 21% in October. High borrowing costs are the central bank's leading plan to curb stubborn price growth, with Russia's annual inflation rate approaching 8.7%. According to Carnegie Politika, it developed a proposal to give the government some oversight of monetary policy, pressuring the central bank to defend its approach. AdvertisementThe bank chief also predicted a slowdown in Russia's GDP growth to 1.9% next year, down from this year's government-estimated 3.9% expansion.

Persons: Russia's, Andrei Kostin, Kostin, Critics, Elvira Nabiullina Organizations: The Bank of, Reuters, Industrialists, Entrepreneurs, Carnegie Politika, Bank of Russia Locations: The Bank of Russia, Russian, Russia, Russian Union

☆ Truong My Lan: Tycoon on death row for $12 billion fraud loses appeal in Vietnam court
▼ + stars: | 2024-12-03 | by ( Story Reuters | ) edition.cnn.com time to read: +2 min

Hanoi, Vietnam Reuters —A court in Vietnam on Tuesday upheld a death sentence for real estate tycoon Truong My Lan after rejecting her appeal against a conviction for embezzlement and bribery in a high-profile $12 billion fraud case, state media reported. Lan, the chairwoman of real estate developer Van Thinh Phat Holdings Group, was sentenced to death in April for her role in Vietnam’s biggest financial fraud case on record. The High People’s Court in southern Ho Chi Minh City determined there was no basis to reduce Lan’s death sentence, reported online newspaper VnExpress. If Lan is able to return three-quarters of the money embezzled while on death row, it is possible the sentence could be commuted to life imprisonment, the report said. Apart from the death sentence, Lan was handed a life sentence at a separate trial in October after being found guilty of obtaining property by fraud, money laundering and illegal cross-border money transfers.

Persons: Vietnam Reuters —, Truong My Lan, Lan, Van Thinh, “, Vietnam’s cassation Organizations: Vietnam Reuters, Van Thinh Phat Holdings Group, Court, Reuters, Vietnam’s, Stock Commercial Bank, SCB Locations: Hanoi, Vietnam, Ho Chi Minh City, Saigon

☆ OpenAI hires first marketing chief from Coinbase
▼ + stars: | 2024-12-03 | by ( Hayden Field | ) www.cnbc.com time to read: +1 min

OpenAI has hired its first chief marketing officer, nabbing Kate Rouch from crypto company Coinbase . Rouch joined Coinbase in August 2021 to lead global marketing and public relations, and oversaw the company's Super Bowl ads. But with the generative AI arms race heating up, OpenAI's latest hire is an indication that it plans to invest in marketing. OpenAI confirmed to CNBC that the company has no current plans to debut a Super Bowl ad in 2025. OpenAI faces competition from Anthropic, the company behind the Claude chatbot, as well as from tech giants Google, Amazon, Microsoft and Meta.

Persons: OpenAI, nabbing Kate Rouch, Rouch, it's, Claude chatbot, Elon Musk Organizations: Coinbase, Meta, Instagram, Microsoft, CNBC, Google Locations: Anthropic

☆ Deutsche Bank bets on CVS recovery, upgrades stock to buy
▼ + stars: | 2024-12-03 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

The bank upgraded the pharmacy stock to buy from hold and reiterated a $66 per share price target. Analyst George Hill said that CVS' earnings and multiple are likely near trough levels and highlighted the company's efforts to foster growth — including recent leadership changes. CVS YTD mountain CVS stock. The company is coming off of mixed third-quarter results where CVS did not provide forward guidance. CVS stock has pulled back more than 25% in 2024.

Persons: Banks, George Hill, Hill, David Joyner —, Karen Lynch Organizations: CVS, Deutsche Locations: Monday's

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