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☆ Jamie Foxx reveals 'mystery illness' that left him hospitalized for weeks in new Netflix special
▼ + stars: | 2024-12-10 | by ( Scott Stump | ) www.nbcnews.com time to read: +7 min

Jamie Foxx has opened up in a new Netflix special about the illness that left him hospitalized last year and unable to remember a 20-day period from April to May 2023. Here’s what Jamie Foxx shared about his health during his new Netflix special. Jamie Foxx in 2023. Yes, Jamie Foxx had a stroke in April 2023. He revealed in his Netflix special, released December 2024, that he had suffered a brain bleed, which led to a stroke.

Persons: Jamie Foxx, Foxx, ”, Corinne Fox, Corinne Foxx, Anelise Bishop, Deidra Dixon, Anelise, Jamie Foxx’s, Glenn Close, Cameron Diaz, “, Joe Maher, ” Foxx, …, it’s, Dixon, Foxx’s, you’re, ’ ” Foxx Organizations: Netflix, Hospital, Los Angeles Lakers, Cleveland Clinic, U.S . Centers for Disease Control Locations: Chicago, ”, Atlanta

☆ NFL playoffs: The strengths and flaws that could define each Super Bowl contender
▼ + stars: | 2024-12-10 | by ( Andrew Greif | Andrew Greif Is A Freelance Sports Journalist. | ) www.nbcnews.com time to read: +9 min

Worst potential fatal flaw: They can’t keep playing with fire like this and continue getting away with it ... right? Buffalo Bills (10-3)Best potential playoff asset: Quarterback Josh Allen, who during the past two weeks produced stat lines never before seen in NFL history. Worst potential fatal flaw: The offensive line has allowed Stroud to be sacked at one of the NFL’s highest rates. Minnesota Vikings (11-2)Best potential playoff asset: Like Kansas City, Minnesota has found ways to win late, experience that can’t be discounted. Washington Commanders (8-5)Best potential playoff asset: The Commanders rarely turn the ball over, though that has slightly changed recently.

Persons: Vince Lombardi, Patrick Mahomes, Mahomes, Josh Allen, Allen, Mike Tomlin, Russell Wilson, Kansas City — they’ll, Wilson, Tomlin, hasn’t, C.J ., Nico Collins, Stroud, Lamar Jackson, Zay, Derrick Henry, Henry, he’s, Justin Tucker’s, Ben Johnson, Dan Campbell’s, Saquon Barkley, Brown, Kevin O’Connell, Sam Darnold’s, — Darnold, Brian Flores, Jordan Love, Washington’s, Jayden Daniels Organizations: Kansas City Chiefs, Chiefs, AFC Kansas City Chiefs, Los Angeles Chargers, of Famer, Buffalo Bills, Bills, Los Angeles Rams, Rams, Kansas City, Pittsburgh Steelers, Steelers, Houston Texans, Texans, Baltimore Ravens, Ravens, NFL, NFC Detroit Lions, Lions, Philadelphia Eagles, Eagles, Minnesota Vikings, Vikings, Green Bay Packers, Packers, Washington Locations: Buffalo, Kansas, takeaways, Philadelphia, Baltimore, C.J . Stroud, Pittsburgh, Kansas City , Minnesota

☆ Jim Cramer suggests Oracle can be bought on weakness and C3.ai sold into strength
▼ + stars: | 2024-12-10 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Tuesday compared Oracle and C3.ai , enterprise software companies in the spotlight as Wall Street continues to flock to many stocks involved with artificial intelligence. He advised buying Oracle on weakness and selling C3.ai into strength. C3.ai stock jumped during the day's session as the company beat expectations — it declined somewhat by close, but still managed to finish up 0.12%. But Cramer noted there are a large number of companies running hot just because they're related to AI, and C3.ai could be among them. To Cramer, Oracle's pullback may be a unique chance to get in on a solid company.

Persons: CNBC's Jim Cramer, it's, Tuesday's, Cramer chalked, Cramer Organizations: Oracle, Nvidia, Meta, C3, Microsoft

☆ Charts show bitcoin and ether could stall for another couple weeks before resuming their uptrend
▼ + stars: | 2024-12-10 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Bitcoin could see another couple weeks of stagnation as recent gains are absorbed before resuming its uptrend, according to Fairlead Strategies. "After failing to hold above $100,000, bitcoin is confirming a short-term counter-trend 'sell' signal ... [which] supports two more weeks of consolidation." With resistance at $100,000, Fairlead puts bitcoin support at about $84,700, or its 50-day moving average. While bitcoin should outperform near-term, ether is now better positioned to outperform in the intermediate term, she added. Ether still positive Ari Wald, chart analyst at Oppenheimer, noted that ether hasn't rallied to a new multi-year high the way bitcoin has, "indicating ETH has been relatively weaker."

Persons: cryptocurrency, Katie Stockton, bitcoin, Fairlead, Ari Wald, Oppenheimer, hasn't, Wald, Rob Ginsberg Organizations: Metrics, Wolfe Research Locations: bitcoin, Stockton

☆ Stellantis CEO Carlos Tavares lost control of the automaker with 'arrogant' mistakes, sources say
▼ + stars: | 2024-12-10 | by ( Michael Wayland | ) www.cnbc.com time to read: +14 min

In this article STLASTLA Follow your favorite stocks CREATE FREE ACCOUNTCarlos Tavares, Chief Executive Officer of Stellantis, attends the Paris Automotive Summit during the 2024 Paris Auto Show in Paris, France, October 15, 2024. It's the word former Stellantis CEO Carlos Tavares used in June to describe mistakes that led to the automaker's troubles in the U.S. Investors also had turned on the chief executive, with U.S.-traded shares of Stellantis off 43% in 2024 prior to his departure. Such issues ultimately led to Tavares' resignation, with the company saying Dec. 1 that he was leaving immediately because of "different views" with Stellantis' board. Until then, the company has established a new interim executive committee led by Chairman John Elkann, scion of Italian automaker Fiat.

Persons: Carlos Tavares, Benoit Tessier, It's, Tavares, Stellantis, Les Echos, Stellantis N.V, John Elkann, Jan, it's, Carlos Ghosn, Sergio Marchionne, Bernstein, Daniel Roeska, Magali Cohen, Tavares —, —, Doug Ostermann, Ostermann, Mack, Bill Pugliano, EVs, Tavares didn't, Tim Kuniskis, Christian Meunier, Jim Morrison, Chamarthi, Natalie Knight, Mark Stewart, Ned Curic, Mark Reuss, Rebecca Cook, Shawn Fain, Kevin Farrish, Antonio Filosa, Farrish, Massimo Pinca Organizations: Paris Automotive Summit, Reuters DETROIT, CNBC, Atlantic, U.S, General Motors, Ford Motor, PSA Groupe, Fiat Chrysler, Stellantis, Dodge, Fiat, Chrysler, Peugeot, The New York Stock Exchange, NYSE, Fiat Chrysler Automobiles N.V, Peugeot S.A, NYSE Tavares, Opel, Nissan, porte de, AFP, Getty, Jeep, Dodge Charger, United Auto Workers, UBS, UAW, Financial Times, Fiat Chrysler's, Swiss Army, Jeep North, America, Goodyear Tire, Co, Reuters, North, Fiat Panda Locations: Paris, France, U.S, Portuguese, North America, Stellantis, porte, porte de Versailles, Portugal, Europe, Detroit, Detroit , Michigan, Jeep North America, Auburn Hills , Michigan, Antonio, Turin, Italy

Nearby Pepperdine University canceled classes Tuesday, as students sheltering in place on the school’s Malibu campus watch the flames in the distance. About 6,000 people and more than 2,000 structures are under evacuation orders, CNN affiliate KABC reported, citing information from fire officials. Firefighters drive through Pepperdine University as the Franklin Fire approaches Tuesday. (AP Photo/Eric Thayer) Eric Thayer/APVideos taken at Pepperdine University overnight show people walking around the grounds, the darkness lit by an orange glow as flames blaze in the distance. “All community members on the Malibu campus are directed to shelter in place in the Tyler Campus Center or Payson Library.

Persons: “, ”, CALFire, Franklin, Eric Thayer, Michael Friel Organizations: CNN, Pepperdine University, National Weather Service, Los Angeles County Fire Department, Piuma, KABC, Firefighters, Franklin Fire, Tyler Campus Center, Payson, University, Pepperdine, KTLA, Centers Locations: Southern, Malibu, Los Angeles, Serra, Tyler, City

Broadcom is another AI stock down on the back of Oracle's quarter. For the full year, Citi expects Broadcom's AI sales to grow to $15 billion in fiscal 2025 from $12 billion this year — a projection that looks light compared with other analysts. 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, Eaton, Donald Trump, Morgan Stanley, we'll, Buster's, Macy's, Jensen Huang, Jim, Jim Cramer's Organizations: CNBC, Nasdaq, Dow Jones, Google, Oracle, Nvidia, Walgreens Boots Alliance, Street Journal, Sycamore Partners, Club, Broadcom, Microsoft, Citi, JPMorgan, VMWare, GameStop, Traders, Jim Cramer's Charitable Locations: Wells Fargo

☆ How the Olympics helped transform Salt Lake City into a tech hub
▼ + stars: | 2024-12-10 | by ( Chris Dilella | ) www.cnbc.com time to read: +5 min

Spectators file into the Olympic Medal Plaza in downtown Salt Lake City, Utah, during the 2002 Olympics. Salt Lake City has grown from a winter sports venue to a vibrant technology hub in just two decades, leveraging the legacy of the 2002 Winter Olympics to transform into one of America's fastest-growing business destinations. A catalyst for economic growthIn 2002, the world watched as Salt Lake City welcomed athletes and spectators to the Winter Olympics. Salt Lake City's 2002 Olympics cost about $2 billion and turned a profit. During preparations for the Olympics, Leavitt met with Adobe co-founder and Salt Lake City native John Warnock in Silicon Valley to discuss building a tech community in Utah.

Persons: George Frey, Michael Leavitt, Leavitt, Todd Lodwick, Anacleto, John Warnock, Warnock, what's Organizations: AFP, Getty, Census Bureau, Former Utah Gov, CNBC, Winter, Games, University, Utah's, Gardner Policy Institute, Gardner Institute, Olympic Rings, Nordic, Los Angeles Times, Olympics, Adobe, Engineering, Computer Science Initiative Locations: Salt Lake City , Utah, CNBC's, Salt Lake City, Kearns , Utah, Utah, Silicon Valley

☆ What the oil and gas industry wants from Trump and how his administration might deliver it
▼ + stars: | 2024-12-10 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

The oil and gas industry has a "to do" list for President-elect Donald Trump. Trump is setting up a National Energy Council that he says will oversee a path to U.S. energy dominance by cutting red tape. Doug Burgum, will chair the council and also have a seat on the National Security Council. "What they are envisioning for the Energy Council is the whole-of-government approach for energy security," API President Mike Sommers said of the incoming administration. Trump's pick for energy secretary, Liberty Energy CEO Chris Wright, will also serve on the council.

Persons: Donald Trump, Trump, Doug Burgum, Burgum, Mike Sommers, Sommers, Chris Wright, Wright, Kevin Book Organizations: Republicans, Hyatt, American Petroleum Institute, NBC News, National Energy Council, North Dakota Gov, National Security Council, Energy Council, Liberty Energy, ClearView Energy Partners Locations: Washington , DC

☆ Wall Street is eyeing this key inflation level to see if the Fed will keep cutting interest rates
▼ + stars: | 2024-12-10 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Traders are growing increasingly confident that the Federal Reserve will cut interest rates again next week. Others on Wall Street think the bar may be even higher for the central bank to hold rates where they are. Currently, trading in the Fed funds futures market suggests an 86% likelihood of a rate cut next week, according to the CME FedWatch Tool. Concerns about the labor market and political perception could be two key reasons for the Fed to keep cutting. "We also think cutting is the path of least resistance from a political perspective," BofA's Bhave said.

Persons: Dow Jones, Aditya Bhave, BofA's Bhave, Powell, Michael Bloom Organizations: Federal Reserve, CPI, PPI, Bank of America U.S, Fed

☆ One-time tech darling reapproaching its pandemic high. What the charts say happen next
▼ + stars: | 2024-12-10 | by ( Todd Gordon | ) www.cnbc.com time to read: +4 min

The stock stabilized and has mounted a charge to challenge the pandemic highs and is at a key technical decision point. The weekly chart shows SHOP testing the last two retracement ratios of 61.8% and 78.6% of the post-pandemic decline. The growth rate is massive, but so is the forward valuation of 76 times 2025 earnings, which is concerning. -Todd Gordon, Founder of Inside Edge Capital , LLC DISCLOSURES: (Gordon does now own SHOP in his wealth management company Inside Edge Capital, LLC. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: Jan, Todd Gordon, Gordon Organizations: Loop Ventures, Edge, Inside Edge, CNBC, NBC UNIVERSAL

☆ At age 21, climber Tommy Caldwell pushed his kidnapper off a cliff. Here's what he learned from the experience.
▼ + stars: | 2024-12-10 | by ( Julia Pugachevsky | ) www.businessinsider.com time to read: +4 min

In 2000, Tommy Caldwell and three other climbers were kidnapped in Kyrgyzstan. In "The Devil's Climb," a National Geographic documentary, famed rock climbers Tommy Caldwell and Alex Honnold ("Free Solo") break a world record by climbing a treacherous Alaskan mountain in under 12 hours. Caldwell told Business Insider that he "just didn't experience trauma the way that a lot of people would expect" from the kidnapping. He told BI that he's learned two major things about trauma and high-stress situations since that day 24 years ago. Beth Rodden, Tommy Caldwell, Jason Smith, and John Dickey after their rescue.

Persons: Tommy Caldwell, Caldwell, Alex Honnold, Beth Rodden, Jason Smith, John Dickey, he's, Mike Caldwell, Greg Child, Peter Levine Organizations: Geographic Locations: Kyrgyzstan, Kyrgyz

☆ The Eras Tour’s greatest legacy may be the (possible) breakup of Ticketmaster
▼ + stars: | 2024-12-10 | by ( Allison Morrow | ) edition.cnn.com time to read: +6 min

The Senate hauled Live Nation’s president and CFO in for a public scolding. Live Nation has consistently called the charges “baseless.”Ticketmaster absolutely bungled the initial sales for the Eras Tour. Joe Raedle/Getty Images“It is also absurd to claim that Live Nation and Ticketmaster wield monopoly power,” the company states on its website. Once you’re inside, Live Nation isn’t done taking your money, as Sherwood Media’s Amrita Khalid reported last week. Certainly, Live Nation is hoping for that, too.

Persons: CNN Business ’, New York CNN —, Taylor, Swift, They’d, Bon, Democratic Sen, Richard Blumenthal, ”, Joe Raedle, it’s, Paul R, Monica, Taylor Swift, isn’t, Sherwood Media’s Amrita Khalid, ” Khalid, Joe Biden, Joe Berchtold, “, Donald Trump, Democrats —, JD Vance, Lina Khan, Adam Wolfson, Quinn Emanuel, Trump, Gail Slater, Vance, Wolfson Organizations: CNN Business, New York CNN, Ticketmaster, Justice Department, Senate, Democratic, Connecticut, Democrats, Live, DOJ, Republicans, Republican Party, Big Business, Trump, ” Locations: New York, “, Barron’s, Walnut, Raleigh , North Carolina, ”

☆ After the Omnicom-IPG merger, these are the ad M&A deals industry insiders think could be next
▼ + stars: | 2024-12-10 | by ( Lucia Moses | Lara O'Reilly | ) www.businessinsider.com time to read: +6 min

Ad industry insiders say the Omnicom takeover of Interpublic Group could kick off more M&A. The US ad industry has barely grown over the past few years. AdvertisementSome industry insiders think the Omnicom-IPG tie-up is just the start of a massive reordering of the $70 billion ad agency industry and that it's only a matter of time before other holding companies are forced to acquire or be acquired as they look to bulk up. Private equity has been circlingThe big holding companies could also be a target for private-equity giants. Industry insiders have speculated for months that WPP, which once ranked as No.

Persons: William Ritchie, Ritchie, Andreas Roell, Mark Read, Arthur, Sadoun, Tom Triscari, WPP's, Publicis, Omnicom, Havas, Mark Penn's Stagwell, Bill Koenigsberg, Martin Sorrell, David Morgan, Kepler, Blackstone, who's, Tata, Jay Friedman, They're Organizations: Interpublic, Insiders, WPP, Private, Accenture, Google, WY Partners, FGS, Evros, Publicis Groupe, Lemonade Projects, Vivendi, Horizon Media, Capital, Horizon, Temasek, Apollo, KKR, Industry, IBM, Tata Consultancy Services, Droga5, Goodway Locations: US, London

☆ Bucks and Thunder punch tickets to NBA Cup semifinals
▼ + stars: | 2024-12-10 | by ( Kevin Dotson | Wayne Sterling | ) edition.cnn.com time to read: +3 min

The first contest between the Orlando Magic and Milwaukee Bucks went down to the wire with the Bucks winning 114-109 at Fiserv Forum in Milwaukee. The eight-time All-Star finished with 28 points and nine assists and the NBA’s leading scorer, Bucks forward Giannis Antetokounmpo, had a game-high 37 points. The Bucks lost in last season’s semifinals to the Indiana Pacers, a memory that was fresh in the mind of Lillard. The Thunder attempted an astonishing 31 three-pointers in the first half of the game, connecting on 11 of them. The Thunder will await the winner of that game while the Bucks will face the winner of the Hawks-Knicks tilt.

Persons: Damian Lillard, Giannis Antetokounmpo, Shai Gilgeous, Alexander, Nate Billings, Luka Dončić, OKC, Irving, coasted, Gilgeous, ” Gilgeous, Trae Young, Steph Curry Organizations: CNN, NBA, Orlando Magic, Milwaukee Bucks, Bucks, Fiserv Forum, Milwaukee, Eastern, Indiana Pacers, ” Oklahoma City Thunder, Dallas Mavericks, AP Thunder, Luka, Oklahoma City Thunder, Thunder, Oklahoma City, Gilgeous, Mavericks, Dallas, The Thunder, New York Knicks, Atlanta Hawks, Golden State Warriors, Houston Rockets, Hawks, Knicks, Mobile Locations: Milwaukee, ”, Gilgeous, Madison, Bucks, Las Vegas

☆ Gold hits two-week high in the run-up to U.S. inflation data
▼ + stars: | 2024-12-10 | by ( ) www.cnbc.com time to read: +2 min

Gold bar replicas are displayed at the Prospectors and Developers Association of Canada (PDAC) annual conference in Toronto, Ontario, Canada March 7, 2023. Gold prices hit a two-week high on Tuesday, underpinned by rising geopolitical tensions and expectations of a third U.S. rate cut by the Federal Reserve next week, while the market's gaze shifted to Wednesday's U.S. inflation data. "The CPI data will have limited impact on gold, especially if we get a print around the expected figure. Gold is considered a safe investment during economic and geopolitical turmoil and tends to thrive in a lower interest rate environment. Spot silver added 0.6% to $32.00 per ounce, platinum fell 0.4% to $935.55 and palladium was down 0.6% at $968.00.

Persons: Peter Grant, Fawad, Razaqzada Organizations: Developers Association of Canada, Federal Reserve, Wednesday's, Zaner Metals, Bank of, ECB, SNB, U.S . Consumer, Index, Forex.com Locations: Toronto , Ontario, Canada, U.S, Bank of Canada, China

☆ UPS is a buy as inflation moderates, BMO Capital Markets says in upgrade
▼ + stars: | 2024-12-10 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +2 min

United Parcel Service could benefit from lower interest rates as inflation eases, according to BMO Capital Markets. Analyst Fadi Chamoun upgraded shares to outperform from market perform. The U.S. central bank is expected to cut rates again next week by 0.25 percentage point, as inflation approaches the Fed's 2% goal. UPS YTD mountain UPS in 2024 Inflationary pressures on UPS' unit costs are also easing, per Chamoun. Of the 32 who cover UPS, 15 have a buy or strong buy rating, while another 14 rate it as a hold, according to LSEG data.

Persons: Fadi, Chamoun Organizations: Parcel Service, BMO Capital Markets, Federal Reserve, UPS, Network of, Transports Locations: Monday's, U.S

☆ World governments need to curb spending or risk being 'too late' when markets panic, BIS warns
▼ + stars: | 2024-12-10 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Governments need to address high debt levels before markets revolt, the Bank for International Settlements said. Runaway debt isn't unique to the US, and bond yields could surge across global economies. AdvertisementGlobal politicians need to act on rising debt levels or risk facing a revolt from global markets, the Bank for International Settlements said this week. BIS, which facilitates collaboration between world central banks, has long been apprehensive about ballooning debt levels. By 2028, IIF expects government debt levels to rise by more than a third.

Persons: Claudio Borio, Borio, Donald Trump's, IIF, Michel Barnier Organizations: Bank for International, BIS, Bloomberg, Bank, International, Institute of International Finance, The, of International Finance Markets Locations: France

☆ GM halts funding of robotaxi development by Cruise
▼ + stars: | 2024-12-10 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +3 min

General Motors will no longer fund its Cruise division's robotaxi development, the company said on Tuesday. GM said it plans to instead "realign its autonomous driving strategy" to focus on advanced driver assistance systems and autonomous systems for use in personal vehicles. The decision to halt its emerging robotaxi service came after collisions, a clash with regulators and the suspension of permits that allowed it to operate a robotaxi ride hailing service in California. At that point, Cruise began to focus on using the next-generation Chevrolet Bolt for development of its autonomous vehicles. SoftBank-funded Wayve is testing its autonomous vehicles in San Francisco, and Amazon-owned Zoox is also testing its autonomous vehicles, which do not feature steering wheels, in several U.S. cities including San Francisco.

Persons: Cruise, Mary Barra, Paul Jacobson, Jacobson, Waymo, Tesla, Elon Musk, — CNBC's Michael Wayland Organizations: Motors, Detroit, GM, Cruise LLC, Cruise, Miami Locations: Cruise, U.S, California, Miami, Texas, San Francisco

☆ New York AG refuses Trump's demand to drop business fraud case
▼ + stars: | 2024-12-10 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +3 min

Shannon Stapleton | ReutersThe New York Attorney General's Office on Tuesday rejected a demand from Donald Trump's lawyer to drop the massive civil business fraud case that has put the president-elect on the hook for more than $480 million in fines. But there is "no merit" to that claim, Vale wrote Tuesday. And Trump's upcoming inauguration, she wrote, "has no bearing" on the outcome of the trial or his ongoing efforts to challenge the judgment. The decision by special counsel Jack Smith to dismiss his two federal cases against Trump, and the move to indefinitely delay Trump's criminal hush money case, "are irrelevant here," Vale wrote. New York Attorney General Letitia James sits in the courtroom during the civil fraud trial of former President Donald Trump and his children at New York State Supreme Court on November 03, 2023 in New York City.

Persons: Donald Trump, Letitia James, Shannon Stapleton, Donald Trump's, Judith Vale, Trump, John Sauer, Sauer, Vale, Kamala Harris, Jack Smith, James, Arthur Engoron, David Sanders Organizations: U.S, Trump Organization, New York, Supreme, Fox News, Trump, Manhattan, NY, Court, Getty Locations: Manhattan, New York City, U.S, , New York County

Yields and prices move in opposite directions, and one basis point equals 0.01%. The yield on the 10-year Treasury was up more than 3 basis points to 4.234%. The 2-year Treasury also rose more than three basis points to 4.162%. U.S. Treasury yields rose on Tuesday as investors awaited fresh inflation data due later this week. Investors are looking ahead to fresh inflation data, which will be the major economic release this week.

Persons: Dow Jones, it's Organizations: Treasury, U.S, Investors, Federal, Deutsche Bank, National Federation of Independent Business

☆ Growing momentum for Cabinet picks who could define Trump’s second term
▼ + stars: | 2024-12-10 | by ( Stephen Collinson | ) edition.cnn.com time to read: +12 min

(Hegseth has denied any sexual misconduct and was not charged over a 2017 incident in California). “When voters select a president, they are selecting that president’s vision for a cabinet that will enact his agenda,” Bird wrote. She voted with Trump consistently during his first term and twice voted to acquit him in impeachment trials. Al Drago/Bloomberg/Getty ImagesEach of the picks is on record as vigorously criticizing the departments they were picked to lead. They’ve bought into Trump’s claims that he’s an innocent victim of persecution by the “Deep State” — intelligence agencies, bureaucrats, senior officials and Washington journalists.

Persons: Donald Trump’s, Pete Hegseth, Kash Patel, Tulsi Gabbard, Robert F, Kennedy Jr, Trump, MAGA, Sen, Joni Ernst, Hegseth, Matt Gaetz, Ernst, who’s, Pete, Donald Trump Jr, Joe Biden’s, Lloyd Austin, Steve Deace, ” Deace, “, ”, ” Bird, Trump’s, —, Patel, Gabbard, Kennedy, Al Drago, They’ve, James Mattis, State Rex Tillerson, John Kelly, Steve Bannon —, Kash, Bannon, Deace, Patel —, Bashar al, Assad, Donald Trump, Chip Somodevilla, CNN’s Manu Raju, Susan Collins of, Lisa Murkowski, it’s, Republican Sen, Lindsey Graham, Obama, Raju, Tennessee Sen, Bill Hagerty, CNN’s Jake Tapper, He’s, she’s, Edward Snowden, Julian Assange, ” Hagerty Organizations: CNN, Pentagon, Iowa, Fox, Iowa Republican, Blaze, Trump, NBC, GOP, FBI, Health, Human Services Department, Capitol, Bloomberg, Getty, State, White House, Trump Cabinet, Monday, Senate, The New York Times, Macomb Community College, Hegseth, Fox News, Republican, Democratic, South Carolina Republican, Tennessee, US Army Reserve, “, Biden Locations: Iraq, California, America, Washington, Trump, Warren , Michigan, Afghanistan, Susan Collins of Maine, Alaska, Hawaii, Iran, Japan, Russia

☆ The CPI report Wednesday is expected to show progress on inflation has hit a wall
▼ + stars: | 2024-12-10 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

Kamil Krzaczynski | AFP | Getty ImagesA key economic report coming Wednesday is expected to show that progress has stalled in bringing down the inflation rate, though not so much that the Federal Reserve won't lower interest rates next week. Excluding food and energy, so-called core inflation is forecast at 3.3%, or unchanged from October. With the Fed targeting annual inflation at 2%, the report will provide more evidence that the high cost of living remains very much a fact of life for U.S. households. Halting progress, but more cutsTo be sure, inflation has moved down considerably from its CPI cycle peak around 9% in June 2022. Car prices are expected to show a 2% monthly increase, while air fares are seen as 1% higher, the firm's economists projected in a note.

Persons: Kamil Krzaczynski, Dow Jones, Dan North, Goldman Sachs, Goldman Organizations: AFP, Getty, Federal, Allianz Trade, of Labor Statistics, CPI Locations: Chicago, U.S

☆ Now that Syria is free of its dictator, the rebels’ biggest challenge is to learn how to govern
▼ + stars: | 2024-12-10 | by ( Mostafa Salem | ) edition.cnn.com time to read: +8 min

CNN —The sound of celebratory gunfire filled the streets of Damascus in the hours following the collapse of President Bashar al-Assad’s regime. At least 28 people were killed by that celebratory gunfire, the Syrian health minister told Al-Arabiya news channel. People shoot in the air as they celebrate the fall of the Syrian government in Damascus, Syria on Sunday. After the capture of Damascus, the rebels instructed Assad’s Prime Minister Mohammad Ghazi al-Jalali to continue his duties alongside his cabinet until a transitional team is assigned. ‘Anyone is better than Assad’Residents of Damascus told CNN they were happy Assad is gone but remained concerned over the Islamist ideology followed by the rebels.

Persons: Bashar al, Tahrir, Ugur, …, ”, Assad, Mohammad Ghazi al, Jalali, Industry Mohammad Samer al, Khalil, ” Jalali, ‘ we’ll, ’, “, Abu Mohammad al, Ahmad Al Sharaa, Al Qaeda’s, Louai Beshara, ” Al, Jolani, Aaron Y, Hayat, Abu Mohammed al, Abdulaziz Ketaz, Assad ’, Al Jolani, Ranim, we’ve Organizations: CNN, Islamist, Al, Assad’s, Sky News Arabia, Assad government’s, Industry, US, ISIS, Getty, Syrian Salvation Government, Washington Institute Locations: Damascus, Arabiya, Syria, Israel, Moscow, Homs, Al Qaeda, Iraq, AFP, Idlib, Aleppo, “, UN, Hayat Tahrir, Umayyad, Sunday, Turkey, Kurdish, Iran

☆ Economists have 'really had it wrong' about recession, market strategist says
▼ + stars: | 2024-12-10 | by ( Jessica Dickler | ) www.cnbc.com time to read: 1 min

The Federal Reserve is expected to cut interest rates by another quarter point at the conclusion of its two-day meeting next week. "Two years ago … three out of four economists were saying we're going into a recession," David Zervos, chief market strategist for Jefferies LLC, said during CNBC's Financial Advisor Summit on Tuesday. The Fed's preferred measure of inflation stood at 2.3% in October, or 2.8% when excluding food and energy prices, according to the latest reading. Meanwhile, the fourth quarter is on track to post a 3.3% annualized growth rate for gross domestic product, the Atlanta Fed found. "I think the market is spending way too much time focused on the inflationary consequences of either immigration or trade policies," Zervos said.

Persons: David Zervos, They've, Zervos Organizations: Federal, Jefferies LLC, CNBC's, Atlanta Fed

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