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Sopa Images | Lightrocket | Getty ImagesCustomers shop for milk and dairy items inside an Auchan Retail International hypermarket in Moscow, Russia. Russia's leadership has looked to dodge criticism for the price rises, blaming "unfriendly" countries (that is, Ukraine's allies) for the conflict, sanctions and supply shortages. "Smart people ... understand what is happening with the economy, but most people accuse foreign 'unfriendly' countries [of being to blame for the price rises]. Last year, a shortage of eggs — and price rises of more than 40% — prompted the government to remove import duties on the product. Russian President Vladimir Putin attends a meeting with First Deputy Prime Minister Denis Manturov in Moscow, Russia November 20, 2024.
Persons: Anton Barbashin, Riddle, Ukraine's, Vladimir Putin, Putin, Stanislav, Denis Manturov, Vyacheslav Prokofyev Organizations: Getty, Bloomberg, CNBC, Ukraine, International Monetary Fund, TASS, Reuters Locations: St . Petersburg, Moscow, Russia, Russian, Europe, Ukraine, Belarus, Azerbaijan, Turkey
Oil prices retreated on Monday following 6% gains last week, but remained near two-week highs as geopolitical tensions grew between Western powers and major oil producers Russia and Iran, raising risks of supply disruption. "Oil prices are starting the new week with some slight cool-off as market participants await more cues from geopolitical developments and the Fed's policy outlook to set the tone," said Yeap Jun Rong, market strategist at IG. "Tensions between Ukraine and Russia have edged up a notch lately, leading to some pricing for the risks of a wider escalation potentially impacting oil supplies." Enforced sanctions could sideline about 1 million barrels per day of Iran's oil exports, about 1% of global oil supply, he said. Investors were also focused on rising crude oil demand at China and India, the world's top and third-largest importers, respectively.
Persons: Jun Rong, Trump, Brent, Yeap, centrifuges, Vivek Dhar, Priyanka Sachdeva, Phillip Nova, Sachdeva Organizations: Brent, U.S, West Texas, Russia, IG, IAEA, Commonwealth Bank of Australia Locations: Russia, Iran, Ukraine, United States, Kyiv, Iranian, China, India, U.S
Warren Buffett surprised shareholders on Monday with a near-1,500-word letter alongside his usual Thanksgiving gift to four of his family's foundations. The famed investor and Berkshire Hathaway CEO said he would shortly convert 1,600 of his Class A shares into 2.4 million Class B shares, worth about $1.2 billion. Buffett picked more trustees to share his wealthIn his unexpected missive to Berkshire shareholders, Buffett said the gifts would reduce his personal stockpile to 206,363 A shares, worth $149 billion. Buffett said his late wife's estate was worth about $3 billion, and 96% of that went into the pair's foundation. They are also somewhat younger than my children," Buffett said, adding those individuals are "on the waitlist" and he hoped his children disbursed all his assets.
Persons: Warren Buffett, Buffett, Elon Musk, Susan Thompson Buffett, Susan Thompson Buffett Foundation —, , Howard G, He's, — Howard, Susie, Peter —, curt, — Buffett, Bertie, Morgan, Rockefeller, didn't, they're Organizations: Berkshire Hathaway, Susan Thompson Buffett Foundation, Sherwood Foundation, Buffett Foundation, NoVo Foundation, Oracle, Elon, Bloomberg, Berkshire, Ford, Carnegie Locations: Berkshire, Omaha
AdvertisementLate YouTube CEO Susan Wojcicki wrote a blog post weeks before her death about her cancer diagnosis. She was diagnosed in late 2022, with non-small cell lung cancer, the most common form of lung cancer. Women, whose highest cause of cancer death is lung cancer (as opposed to breast cancer) might also be unaware of the risk factors. Lung cancer research is underfundedSinghi said Wojcicki's blog post is an important rallying cry. It's "wild" to him that lung cancer is so under-researched, given that it's also the biggest cause of cancer death worldwide.
Persons: Susan Wojcicki, Wojcicki, Katie Williams, Dennis Troper, Larry Page, Sergey Brin, Eric Singhi, Singhi, Lung, it's Organizations: YouTube, Lung Cancer, Cancer, Environmental Defense Fund, American Lung Association
U.S. Treasury yields were lower on Monday as investors weighed President-elect Donald Trump's Treasury secretary pick and eyed a key inflation reading due later in the week. Trump's choice of hedge fund executive Scott Bessent as Treasury secretary has calmed investors' nerves about the future of the U.S. economy. Bessent, the founder of Key Square Group, is expected to back the incoming president's economic goals including gradual tariffs and pro-business policies. However, as an old Wall Street hand and a fiscal conservative, investors believe Bessent will prioritize stability in the U.S. economy and markets. Also in focus this week are some key data points due ahead of a shortened trading week.
Persons: Donald Trump's, Scott Bessent, Kit Juckes, Trump, Bessent, Dow Jones Organizations: Treasury, U.S, Key Square, Societe Generale, CNBC, Federal, U.S . Federal Locations: U.S, U.S .
AdvertisementMarc Andreessen argues against sharing too many personal details at work, urging professionalism. Advertisement"When managers and leaders say, 'Bring your whole self to work,' they're leaving out the terms and conditions," Reitz said. On an episode of their podcast, "The Ben and Marc Show," Andreessen and A16z cofounder Ben Horowitz celebrated Donald Trump's reelection. "When it comes to business, it shouldn't be just based on our personal politics. I can bring my whole self to work, but I can't talk about politics,'" she said.
Persons: Marc Andreessen, Marc Andreessen doesn't, Andreessen Horowitz, Andreessen, Megan Reitz, Reitz, Sundar Pichai, Ben, Marc Show, Ben Horowitz, Donald Trump's, Trump's, Joe Biden's, Ella Washington, Washington, Jake Telkamp, Telkamp Organizations: Google, Georgetown University, Hull College of Business, Augusta University Locations: California, New York, Georgia
AdvertisementGlen Powell is the latest Hollywood star to get his own look-alike contest. Powell included a cameo in his next movie as a last-minute addition to the competition's prize. AdvertisementOn November 24, a look-alike contest was held at Auditorium Shores park in Powell's hometown in Austin, Texas, judged by his mother and his aunt. The Chalamet look-alike won $50, which seems to be about the going rate for contest winners, per Vulture's reporting. There was no drama at the Powell look-alike competition, and a man named Max Braunstein won the event while dressed as the actor's character from "Top Gun: Maverick."
Persons: Glen Powell, Powell, Willy Wonka, Paul Mescal, Harry Styles, Dev Patel, Katy Carpenter, couldn't, Edgar Wright, Jeremy Allen, Max Braunstein, Queso Organizations: Fox, Marlboro, BBC, New York Police Department Locations: Austin , Texas, New York, Auditorium Shores, Powell's, Glasgow, Scotland
Check out the companies making headlines in midday trading: Bath & Body Works — The Ohio-based personal care company climbed more than 16%, on pace for its best day since November 2022. The retailer raised its forecast for full-year adjusted profit and said it expects a smaller drop in annual sales, boosted by solid demand for personal care products and new store offerings. Robinhood — The financial services provider surged 5% after Morgan Stanley upgraded it to overweight, citing upside from President-elect Donald Trump's looming second term in office. Target's shares have lost about 12% year to date and the stock's 3.6% dividend yield is very "attractive," the firm said. Abercrombie & Fitch — The retailer gained 4% ahead of its third-quarter earnings release , expected Tuesday morning.
Persons: Morgan Stanley, Donald Trump's, Macy's, Oppenheimer, AGCO, Gordon, Abercrombie, Fitch, Biohaven, Piper Sandler, CNBC's Hakyung Kim, Jesse Pound, Yun Li, Michelle Fox, Pia Singh, Scott Schnipper Organizations: Farm Equipment Limited, Gordon Haskett Research, Intel, CNBC, Commerce Department, U.S, Bancorp, Citigroup, Arm, UBS, Santander — ADRs, BDO, Nasdaq, Truist Securities Locations: The Ohio, New York, The Minneapolis, British, Spanish, Santander
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
Patrick Healy, the deputy Opinion editor, hosted an online conversation with the Times Opinion columnists Jamelle Bouie, Ross Douthat, M. Gessen and Lydia Polgreen about Donald Trump’s preparations for a second term and what they signal about America’s future. Patrick Healy: Folks, I want to take you back to November 2016, after Donald Trump was elected president. factions; Trump’s constant tweeting; the lack of policy planning; the leaks to news media. I’m curious: As you look at the second Trump transition process, what do you see happening that you think foreshadows his next term in office? Ross Douthat: In 2016, Trump mostly made the kind of cabinet picks that any Republican would have made, like DeVos, with a few personal flourishes — a fondness for generals, the odd Rex Tillerson experiment.
Persons: Patrick Healy, Jamelle Bouie, Ross Douthat, Gessen, Lydia Polgreen, Donald Trump’s, Donald Trump, Betsy DeVos, Ben Carson, Trump Organizations: Trump, Republican
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. 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. Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street.
Persons: Jim Cramer, Donald Trump's, Scott Bessent, Bessent, it's, Stanley Black, Decker, Stanley, Trump's, We're, Trump, we're, we'll, JM Smucker, Jim Cramer's, Jim Organizations: CNBC, Stanley, EBW, Reuters, Biden, LNG, Coterra Energy, Abercrombie, Fitch, Burlington Stores, Dick's Sporting Goods, Jim Cramer's Charitable Locations: China, Israel, Kohl's
Chip Leighton's viral 'teenager texts' highlight how little some kids know about money. As the creator of "The Leighton Show," his social media posts, which have collectively been seen more than 250 million times, hilariously highlight some of the texts teenagers send their parents. Leighton, who has two children of his own, receives thousands of messages from parents of teenagers across the country — some of which he uses for content. covers some of the best — or worst — texts from teenagers. One section is devoted entirely to money-related topics, often related to a first job or taxes.
Persons: Chip Leighton's, Chip Leighton, she'd, Leighton, it's Organizations: Finance
R360 is a peer-to-peer networking group for people who have a net-worth of at least $100 million. There's a lot of concern about making sure children don't become spoiled or entitled. They don't want to hand over their wealth to their kids and have money go toward causes they don't support. AdvertisementThe adult children want to fill their parents shoesWe host a group for the adult children of our members. Families are transferring money over a lifetimeOur members aren't afraid to leave their children money.
Persons: Barbara Goodstein, didn't, They've, I've, they're Organizations: New Locations: New York City
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 ,
—Katie Stockton with Will Tamplin Access research from Fairlead Strategies for free here . Fairlead Strategies Disclaimer: This communication has been prepared by Fairlead Strategies LLC ("Fairlead Strategies") for informational purposes only. Securities, investment products, other financial products or strategies discussed herein may not be suitable for all investors. The recipient of this information must make its own independent decisions regarding any securities, investment products or other financial products mentioned herein. This material is not to be reproduced or redistributed absent the written consent of Fairlead Strategies.
Persons: XRT, Murphy, GCO, Katie Stockton Organizations: P Retail, Levi's, Johnston, CNBC, NBC UNIVERSAL, Fairlead, CNBC Pro, Securities
Learn moreIf you're on the hunt for the best jewelry deals this gift-giving season, you should know that Mejuri is having its biggest sale to date. View at MejuriMejuri Curb Chain Bracelet $168.75 $225.00 Save 25% Our 14k solid gold pieces are made to last forever. M+ Members also earn early access to Mejuri sale events. When does the Mejuri Black Friday sale start and end? Is Black Friday a good time to shop Mejuri jewelry?
Persons: Selena Gomez, Pick Mejuri Puffy Charlotte Huggies, Gabrielle Chase Organizations: Business, Mejuri Locations: Canadian
Kansas City Chiefs quarterback Patrick Mahomes has been fined more than $14,000 for pantomiming what the NFL deemed a "violent gesture" during a game last week against the Buffalo Bills. The NFL classed the gesture as "unsportsmanlike conduct," and fined Mahomes $14,069. This isn't the first time Mahomes has been fined for unsportsmanlike conduct during a game against the Buffalo Bills. Last December, he was fined $50,000 for yelling at and criticizing officials during a game. Mahomes accepted the consequences of his actions and said he would learn from the decision, ESPN reported.
Persons: Patrick Mahomes, Mahomes, Travis Kelce Organizations: Kansas City Chiefs, NFL, Buffalo Bills, Super, Bills, NFL Players Association, ESPN, NBA
You may not know it by looking at sticker prices in grocery aisles, but Thanksgiving dinner is more affordable than it has been in years. “If your dollar had the same overall purchasing power as a consumer in 1984 … this would be the least expensive Thanksgiving meal in the 39-year history of the AFBF Thanksgiving survey, other than the outlier of 2020,” the authors wrote. Target is offering a $20 Thanksgiving meal for four, including a small turkey, canned vegetables and stovetop stuffing mix. Walmart is promoting an “inflation-free Thanksgiving” meal of 29 items that can serve eight people for $56. “Don’t be afraid to check out multiple retailers.”Some Thanksgiving meal packages offer more ingredients, but that could mean preparing more dishes from scratch.
Persons: TJ Maxx, , Robin Wenzel, “ Don’t, ” Wenzel Organizations: American Farm Bureau Federation, , Walmart, TJ, Target, Aldi, Food Institute, Wells Fargo’s, Consumer Locations: U.S, ” Turkey, Wells, West
WASHINGTON — When Matt Gaetz abruptly withdrew as President-elect Donald Trump’s candidate for attorney general on Thursday, many career attorneys in the Justice Department breathed a sigh of relief. 2 position at the department — Todd Blanche, the president-elect’s defense lawyer — can help protect the department’s career civil servants from Trump’s wrath. Greg Nash / Pool via Getty ImagesHow Trump’s first deputy attorney general faredWhen Trump first took office in 2017, he didn’t know his deputy attorney general well, and their relationship immediately became vital and volatile. But that immunity does not extend to the attorney general, deputy attorney general or other DOJ prosecutors. “If I were he, I would have stayed as far away from the Justice Department as I could.
Persons: WASHINGTON, Matt Gaetz, Donald Trump’s, Trump, Pam Bondi, , Donald Trump, Todd Blanche, , Blanche, , Gaetz, ” Donald Trump, Emil Bove, Mark Peterson, Trump Blanche, Daniels, Attorney Alvin Bragg, Taft, Karoline Leavitt, Vance, Blanche won’t, Blanche —, he’s, ” Mimi Rocah, she’d, ” Rocah, Michael Bromwich, we’ve, ” Bromwich, Rod Rosenstein, Greg Nash, Trump’s, didn’t, Robert Mueller, James Comey, Jeff Sessions, Sessions, Rosenstein, Mueller, ” Rosenstein, ” “, ’ ” Rosenstein, ” Blanche Organizations: Justice Department, , Department, of, Trump, Manhattan Criminal, Manhattan, Attorney, NBC News, White House, DOJ, Justice, MSNBC, Department of Justice, Russia, White, Locations: Florida, Southern, York, New York City, Cadwalader, Wickersham, Washington, Westchester County , New York, New York, , U.S, Moscow, Bromwich
Nio reported a widening net loss in its latest earnings, as the CEO of Xpeng warns many EV firms face a fight to survive. Xpeng delivered 24,000 vehicles last month, and Xiaomi sold over 100,000 of its SU7 EV this year alone. AdvertisementHowever, the booming sales come as many Chinese EV makers continue to report heavy losses, as they grapple with a brutal price war and intense pressure to quickly launch new affordable models amid a crowded field of battery-electric vehicles. The company reported a net loss of 5.06 billion yuan ($700 million), up 11% from the third quarter of 2023. Both companies narrowed their net losses year-over-year, but they remained sizable at 1.81 billion yuan ($250 million) for Xpeng and 1.14 billion yuan ($157 million) for Zeekr, respectively.
Persons: Nio, Xpeng, Tesla, they're, Xiaomi, William Li, Zeekr, Xpeng's, Jim Farley, Xiaopeng, BYD, outstripping Elon, JADE GAO, David Bailey Organizations: EV, Elon, Publishing, Getty, Zeekr, Ford, Singaporean, The Straits Times, outstripping Elon Musk's, University of Birmingham Locations: China
AdvertisementI gave birth to my fourth child weeks after turning 40. People really judged my decision, but it was the best choice for me. Two weeks after I celebrated turning 40, I gave birth to our fourth child and braced myself for the impending change. Despite all of that, I learned that having just one more baby at 40 was the best thing that could have happened. My experience changed how I approached thingsI didn't know this before having our fourth baby, but my priorities were challenged in new and surprising ways.
Persons:
Times Insider explains who we are and what we do and delivers behind-the-scenes insights into how our journalism comes together. It was late one night last spring, and I was Googling cultural phenomena that would mark milestone anniversaries in 2024, as a sleepless reporter does. Pizza Hut’s Book It! reading program, which offers pizza as an incentive to entice kids to read. kid growing up, reading half a dozen books in a week, filling up a punch card and earning a certificate redeemable for a sweet, sweet six-inch pepperoni personal pan pizza (never plain cheese, I had standards).
"I see a lot of optimism going into the holiday season," said Charlie Wise, TransUnion's senior vice president and head of global research and consulting. More from Personal Finance:Thanksgiving meals are expected to be cheaper in 2024How Trump's win could change your health careRemote work is helping Americans take longer trips"It's clear that millennials will play the largest role this holiday shopping season with the greatest expected spend," Wise said. Holiday spending between Nov. 1 and Dec. 31 is forecast to increase to a record total of $979.5 billion to $989 billion, according to the National Retail Federation. Even as credit card debt tops $1.17 trillion, holiday shoppers expect to spend, on average, $1,778, up 8% compared with last year, Deloitte's holiday retail survey found. Meanwhile, 28% of holiday shoppers surveyed in September said they still had not paid off the gifts they purchased for their loved ones last year, according to a holiday spending report by NerdWallet, which polled more than 1,700 adults.
Persons: TransUnion, Charlie Wise, TransUnion's, Wise Organizations: Finance, National Retail Federation, NerdWallet
AdvertisementKevin Smith's SModcastle Cinemas is a shrine to the filmmaker's career. Entering SModcastle Cinemas, the New Jersey movie theater owned by filmmaker Kevin Smith, is like approaching the altar of a giant shrine to raunchy slacker-cinema. On at least one of them, a Kevin Smith movie is usually playing. AdvertisementSModcastle Cinemas is a home for all things Kevin SmithSModcastle Cinemas shows first-run movies and Kevin Smith classics. And he's hoping that when you show up, you're buying something from the concession stand, which, like any movie theater, is its lifeblood.
Persons: Kevin Smith's, Smith, Kevin Smith, Elizabeth Banks, Seth Rogen, Zack, Mark Hamill, Jay, Bob, Askew, Jason Guerrasio Smith, Dante Kicks, Randal Graves, Rick Derris, Amy, Brian O'Halloran, Dante Hicks, Jeff Anderson, Scott Mosier, Scott, SModcastle, Jason Guerrasio, Ernie O'Donnell, Kevin Smith SModcastle, it's, he's, Kevin, auctioning, Brian, Austin Zajur, Kim, Smith didn't, walling, there's Organizations: Cinemas, Miramax, Santa Monica, Santa, Atlantic Cinemas, Raiders, Kevin Smith SModcastle Cinemas, Catholic, Atlantic Highlands, Saban Films, showtime, Saban Locations: Atlantic Highlands , New Jersey, SModcastle, New Jersey, Miri, Leonardo , New Jersey, wiseass New Jersey, Los Angeles, Santa Monica, Santa, Atlantic Highlands
Charlotte Tilbury makeup and skincare have cult followings — the makeup for its flattering and classic shades and the skincare for its glow properties that work. The best Black Friday Charlotte Tilbury dealsCharlotte Tilbury 3 Step to Beautiful Lips Kit $51.00 $85.00 Save 40% Achieve the perfect lip combo with this three-piece gift set from Charlotte Tilbury. View at Charlotte TilburyCharlotte Tilbury Black Friday Sale FAQsWhen does the sale start and end? Black Friday falls on November 29 this year, but the Charlotte Tilbury sale is already happening now. Charlotte Tilbury products don't often go on sale, so Black Friday is the ultimate time to stock up and save.
Persons: Charlotte Tilbury, Tilbury, We've, Charlotte, It's Organizations: Business, Black Locations: Charlotte Tilbury, Charlotte
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