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☆ As many as one in 10 coders are 'ghost engineers,' Stanford researcher says, lurking online and doing no work
▼ + stars: | 2024-11-28 | by ( Katherine Long | ) www.businessinsider.com time to read: +5 min

His research, which hasn't been peer-reviewed, found that about 9.5% of coders were "ghost engineers.' AdvertisementMeasuring output is difficultDenisov-Blanch calls these workers "ghost engineers," defined as software engineers who are only 10% as productive or less than their median colleague. More remote workers were superstar codersMusk now aims to apply that same ruthless efficiency to the federal government. On one hand, he found that the prevalence of "ghost engineers" among remote workers was more than double that among in-person workers. But he also found that many more of the most effective engineers — employees whose performance was at least five times better than their median colleague — were working remotely.

Persons: hasn't, Yegor, Blanch, Paul Graham, Graham, Elon Musk, nobody's, coders Musk, Musk, — Organizations: Stanford, Business, Software, Twitter, CNN, of Government Locations: Silicon Valley

☆ CNBC's Inside India newsletter: The causes and costs of India's brain drain
▼ + stars: | 2024-11-28 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +10 min

(Photo by Sanchit Khanna/Hindustan Times via Getty Images)This report is from this week's CNBC's "Inside India" newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Raj is looking for jobs outside India and says he is "willing to go anywhere and do anything." "My parents took a [1.9 million Indian rupee] ($22,491) loan for my degree, so I studied hard and interned to find a well-paying job quickly," the 27-year-old, told CNBC's Inside India. Speaking to CNBC's Inside India, Ghosh — a professor formerly at India's Jawaharlal Nehru University and currently at the University of Massachusetts Amherst — noted "there is definitely a jobs crisis in India." This shift in perspective has translated to "brain drain," being considered as a "term from the last century," Sunaina Kumar, a senior fellow at think tank the Observer Research Foundation (ORF), told CNBC's Inside India.

Persons: Sanchit Khanna, Raj, Keshav Raj, Anurag Sinha, Sinha, aspirational, Jayati Ghosh, Ghosh —, University of Massachusetts Amherst —, They've, Ghosh, Sundar Pichai, Satya Nadella, Leena Nair, Subrahmanyam Jaishankar, Sunaina Kumar, Kumar, ORF's Kumar, foundit's Sinha Organizations: Hindustan Times, Getty, ., SRM Institute of Science & Technology, United Arab, India, India's Jawaharlal Nehru University, University of Massachusetts Amherst, International Labour Organization, UN, Microsoft, Institute of South Asian Studies, National University of Singapore, Observer Research Foundation, Bank, South Locations: DELHI, INDIA, Anand, New Delhi, India, Indonesia, Tamil Nadu, Canada, Australia, United Arab Emirates, U.S, Europe, Indian

☆ Syria’s rebels exploit weaknesses in Iran’s proxies to launch surprise offensive
▼ + stars: | 2024-11-28 | by ( Mostafa Salem | ) edition.cnn.com time to read: +7 min

On Friday, the armed rebel groups claimed to have entered the city, which has been under government control since 2016. The Syrian military said it’s “confronting terrorist organizations” and claimed to have inflicted “heavy losses” on the groups since Wednesday. Wednesday’s surprise operation marks the first significant conflagration between Syrian rebels and the regime since March 2020, when Russia and Turkey mediated a ceasefire in the north of the country. The militant group, which was credited for helping save the Assad regime from Syrian rebels, is now significantly weakened, with most of its leaders assassinated. Iran’s proxy Hezbollah has been instrumental in assisting Assad regain territory lost to militias and rebel groups.

Persons: SANA, Hassan Abdulghani, ” Abdulghani, it’s “, ”, Assad, –, Russia –, Izzettin Kasim, General Kioumars Pourhashemi, Abbas Araghchi, “ reactivating, “, Dmitry Peskov, Ukraine …, Nanar, Recep Tayyip Erdogan, Tehran’s, Syria’s, Iran’s, Hawach, Hassan Nasrallah Organizations: CNN — Rebels, Syrian, CNN, United Nations, Free Syrian Army, Anadolu, Getty, Islamic Revolutionary Guards Corps, Analysts, Crisis Locations: Syria, Aleppo, reigniting, ”, Idlib, Russia, Turkey, Saudi Arabia, Iran, United States, Lebanon, Syrian, Gaza, Iranian, Israel, Ukraine, Brussels, Turkish, Damascus, Iran’s, Arab

☆ My solo trip to Greece helped me reset, but there are 5 things that would've made it even better
▼ + stars: | 2024-11-28 | by ( Katka Lapelosova | ) www.businessinsider.com time to read: +6 min

AdvertisementIn September, Katka Lapelosova took a solo trip to Greece. If she could do it over, she'd travel there with friends and rent a car. In September, I decided it was time for a solo trip to a Greek island to live out my "Mamma Mia" dreams. The author came across a lot of gap year travelers during her trip to Zakynthos. Understand the difference between beachfront and beach accessOne of the biggest things I'd change about my Greek island trip is booking a hotel that had beach access.

Persons: Katka Lapelosova, Mia, Rhodes, I'd, — Organizations: New York, Colgate Locations: Greece, Zakynthos, Europe, New, New York City, Corfu, Katka, Athens, Taxis

☆ 6 charts show why Gen X is so bummed about money right now
▼ + stars: | 2024-11-28 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

AdvertisementAs many Americans struggle with a high cost of living, Gen X is in a particularly tight spot. Gen X has the highest income of all but also the highest debt. As a Bank of America Institute research note said, Gen X has seen its discretionary spending drop the most of all generations. The analysis attributed that, in part, to Gen Xers trying to sock away more for retirement and investing more. AdvertisementBut as Bank of America notes, Gen X is in the "sandwich" phase of life: Some are juggling supporting adult children and older relatives.

Persons: X, Gen X, Xers —, they're, Xers, Gen Xers, I'm, Wendy Graham, Barbara Lose, Graham, who's, Xer Organizations: Federal Reserve Bank of Philadelphia, Philadelphia Fed, Bank of America Institute, of Labor Statistics, Bank of America, University of Michigan's Locations: Philadelphia, Florida

☆ CNBC Daily Open: U.S. inflation edged up but investors aren’t fazed
▼ + stars: | 2024-11-28 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Mike Blake | 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. The SPDR S&P 500 , an exchange-traded fund that tracks the broad-based index, traded around 22.6% fewer shares than its 30-day average. In fact, traders boosted their bets that the U.S. Federal Reserve will lower rates by 25 basis points at its December meeting. "Today's data shouldn't change views of the likely path for disinflation, however bumpy," said David Alcaly, lead macroeconomic strategist at Lazard Asset Management.

Persons: TKWY, Mike Blake, David Alcaly, Scott Helfstein, Chris Verrone, —, Jeff Cox, Scott Schnipper, Alex Harring, Sean Conlon Organizations: Reuters, CNBC, Dow Jones, Big, Nasdaq, U.S . Federal, Lazard Asset Management Locations: Encinitas , California, U.S, Big Tech

A national CBS News/YouGov poll conducted last week found that 71% of people plan to avoid political discussions at Thanksgiving. Voss was among the dozens of people on social media who posted videos about how they are opting out of their family Thanksgiving plans. Van Bavel is director of NYU’s Social Identity and Morality Lab, which studies the dynamics of shared social identities. “There’s way more diversity among Republicans than most Democrats believe, and there’s way more diversity among most Democrats than most Republicans believe,” Van Bavel said. Jay Van Bavel, psychology professor at New York University“One of the biggest fears people have is being socially ostracized,” Van Bavel said.

Persons: Donald Trump, it’s, ”, Alexis Voss, Voss, she’s, “, …, Yale, Amanda Calhoun, MSNBC’s Joy Reid, I’m, ’, Jesse Watters, Elon Musk, Jay Van Bavel, Van Bavel, ” Van Bavel, ” Diana Rodriguez Wallach, Kamala Harris, Wallach, Jordan Williams, MAGA, Williams, Scott Walker, Walker, they’re Organizations: Trump, CBS, Fox News, New York University, Democratic, New York University “ One Locations: Ohio, Pennsylvania, Puerto Rican, California, United States

☆ Ohio governor signs bill restricting trans students' school bathroom use
▼ + stars: | 2024-11-27 | by ( Kaitlyn Schwanemann | Kaitlyn Schwanemann Is An Intern For Nbc News. | ) www.nbcnews.com time to read: +5 min

Mike DeWine signed a bill Wednesday banning transgender students from using school restrooms that align with their gender identities. The bill also mandates that Ohio schools cannot have restrooms or locker rooms that are open to all genders, excluding family facilities or single-occupancy facilities. Instead, it will make trans people less safe and fail to increase the safety of all students,” Antonio wrote. Ohio House Republicans attached the legislation about restrooms to proposals regarding report card data for Ohio’s college credit program for high school students. “Extremist politicians are panicking because transgender students exist," Willingham-Jaggers said.

Persons: Mike DeWine, “, ”, Barbara J, DeWine, ” Jocelyn Rosnick, Nickie J, Antonio, ” Antonio, Christian Virtue, David Mahan, Mahan, Melanie Willingham, Willingham, Jaggers Organizations: Gov, Republican, Ohio Gov, USA, Associated Press, American Civil Liberties Union, Democratic, Christian, Senate, Research, Social, Ohio House Republicans Locations: Alabama , Arkansas, Florida , Idaho , Iowa , Kansas , Kentucky, North Dakota , Oklahoma , Tennessee, Utah, Ohio, Columbus

President-elect Donald Trump said he intends to nominate Dr. Jay Bhattacharya, a Stanford University professor known for his criticism of Covid lockdowns, to serve as the next director of the National Institutes of Health. In a statement Tuesday, Trump said, "Dr. Bhattacharya will work in cooperation with Robert F. Kennedy Jr. to direct the Nation's Medical Research, and to make important discoveries that will improve Health and save lives." Bhattacharya gained national attention in October 2020, when he co-wrote the "Great Barrington Declaration," an open letter calling on public health officials to roll back Covid lockdowns. Several days after the Great Barrington Declaration came out, 80 researchers from the fields of public health, epidemiology and more published a joint letter in the medical journal The Lancet, calling the idea "a dangerous fallacy." Tedros Adhanom Ghebreyesus, the director general of the World Health Organization, called the proposal unethical.

Persons: Donald Trump, Jay Bhattacharya, Covid, Trump, Dr, Bhattacharya, Robert F, Kennedy Jr, Kennedy, Jim O’Neill, O'Neill, Bush, Martin Kulldorff, Sunetra Gupta, Ghebreyesus, ” Ghebreyesus, Anthony Fauci Organizations: Stanford University, National Institutes of Health, Nation's, Research, Health, Department of Health, Human Services, Centers for Disease Control, Food and Drug Administration, Harvard, Oxford, World Health Organization, National Institute of Allergy Locations: American, Barrington

☆ Sweden urges Chinese ship to return for undersea cable investigation
▼ + stars: | 2024-11-27 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +3 min

The ship now sits idle in international waters but inside Denmark’s exclusive economic zone, closely watched by Danish military vessels. “From the Swedish side we have had contact with the ship and contact with China and said that we want the ship to move towards Swedish waters,” Kristersson told a press conference, adding it would help facilitate the investigation. China’s foreign ministry said the communications channels with Sweden and other relevant parties were “unobstructed,” when asked about Sweden’s request. Western intelligence officials from multiple countries have said they are confident the Chinese ship caused the cuts to both cables. Kristersson said he was hopeful that China would respond positively to the request to move the ship to Swedish waters.

Persons: Ulf Kristersson, Boris Pistorius, Yi Peng, Kristersson, “ We’re, ” Kristersson, “, ”, Mao Ning, Katja Bego Organizations: German, . Naval Intelligence, U.S, Chatham House, Reuters Locations: Sweden, Baltic, Finland, Germany, Lithuania, Russian, Ust, Luga, Danish, Swedish, China, Russia, Beijing

☆ 10 things the Club is watching in the market Wednesday, including CrowdStrike, HP, Dell
▼ + stars: | 2024-11-27 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +4 min

CrowdStrike delivered a very good quarter after Tuesday's closing bell, with management raising its full-year outlook on sales, operating income, and earnings. Mortgage rates dropped last week, pushing home loans for purchases up 12% week over week and 52% year over year. Best Buy shares were steady Wednesday morning after their nearly 5% post-earnings drop in the previous session. 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 .

Persons: CrowdStrike, Wells, Donald Trump, Kevin Hassett, Hassett, Stanley Black, Decker, Jim Cramer, We're, — CNBC's Zev Fima, Jim Cramer's, Jim Organizations: Dow, Nasdaq, Street, RBC, Dell, HP, Wall Street, National Economic Council, of Economic Advisers, Apple, Financial Times, Citi, holding's, Disney, Comcast's Universal, Paramount, Comcast, NBC Universal, CNBC, Jim Cramer's Charitable Locations: Wells Fargo, China

☆ The shipping industry is wrestling with one of its largest challenges
▼ + stars: | 2024-11-27 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +5 min

Anthony Wallace | Afp | Getty ImagesThe shipping industry is contending with a worldwide shortage of seafarers, and it's fueling a troubling mix of fake resumes, accidents at sea, and elevated freight rates. "We have been seeing a consistent shortage of seafarers," Rhett Harris, senior manning analyst at Drewry, told CNBC. The Philippines, China, Russia, Ukraine and Indonesia are the largest suppliers of the world's seafarers, according to the most recent seafarer workforce breakdown report by the International Chamber of Shipping (ICS) and BIMCO in 2021. Before Russia's invasion of Ukraine in February 2022, Russian and Ukrainian seafarers made up almost 15% of the global shipping workforce, ICS data showed. "Policymakers need to create national strategies to address the seafarer shortage," the shipping organization said.

Persons: Anthony Wallace, Rhett Harris, Harris, Daejin Lee, Henrik Jensen, Danica Crewing, FertiStream's Lee, Drewry's Harris, Jensen, Caitlin Ochs Organizations: Afp, Getty, Drewry, CNBC, International Chamber of Shipping, ICS, Group, —, CVs Locations: Busan, Russian, Ukraine, Russia, Philippines, China, Indonesia, Iran, Red, New York

☆ Consumers are willing to pay full price when the product is good, says SW Retail’s Stacey Widlitz
▼ + stars: | 2024-11-27 | 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 EmailConsumers are willing to pay full price when the product is good, says SW Retail’s Stacey WidlitzCoresight Research CEO Deborah Weinswig and SW Retail Advisors’ Stacey Widlitz, join 'Power Lunch' to discuss the read on retail holiday shopping.

Persons: Stacey Widlitz, Deborah Weinswig, ’ Stacey Widlitz Organizations: Consumers

☆ 2 things we always learn about a company before we decide whether to buy its stock
▼ + stars: | 2024-11-27 | by ( Zev Fima | ) www.cnbc.com time to read: +11 min

— Thanks, Marek We do two things right off the bat after identifying a stock that we might want to buy. Remember, as an investor, you want to know every little aspect of every company whose stock you buy or think about buying. Financial statements In addition to understanding a company from a high level, we can't take a position before analyzing the financial statements and getting a sense of the health of the company in question. All three are incredibly important, however, of the three, the balance sheet is going to be the one to look at first. Knowing what shape the balance sheet is in gives you a better sense of the company's outlook.

Persons: Jim Cramer, Marek, that's, it's, Linde, Myers Squibb, Myers, Karuna, Jim Cramer's, Jim Organizations: Amazon, Linde, Myers, Karuna Therapeutics, Bristol, LIN, CNBC Locations: Bristol

☆ Market is not pricing in much in terms of tariffs or net fiscal impulse: Deutsche Bank
▼ + stars: | 2024-11-27 | 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 EmailMarket is not pricing in much in terms of tariffs or net fiscal impulse: Deutsche BankGeorge Saravelos, the global head of FX research at Deutsche Bank, discusses the potential impact President-elect Donald Trump will have on markets.

Persons: Deutsche Bank George Saravelos, Donald Trump Organizations: Deutsche Bank

☆ 36-year-old mom: I built a thriving living room Etsy side hustle, quit my job, and now earn $10,000 a month in passive income
▼ + stars: | 2024-11-27 | by ( Rachel Jimenez | ) www.cnbc.com time to read: +5 min

I decided to start an Etsy store, selling digital products like business templates and party games. Today, at 36, I have a thriving living room side hustle that regularly brings in $10,000 a month or more in passive income. I took consistent action every dayI took a course about selling digital products on Etsy back in 2019 that jump-started everything. I would try to work six to eight hours a day developing and listing products. After my digital product class ended, I stayed active in our Facebook group.

Persons: Peter Drucker, wouldn't, I've Organizations: Facebook

☆ 'Cargojet is expensive': Short seller bets against Canada's largest cargo airline
▼ + stars: | 2024-11-27 | by ( Ganesh Rao | ) www.cnbc.com time to read: +5 min

A London-based hedge fund is betting against Cargojet , Canada's largest cargo airline, citing concerns about the company's aging fleet, accounting practices, and leadership style. Allen also claimed that the company has failed to update the age of its aircraft fleet. The Toronto-listed shares of the company have struggled this year, posting a 2% gain while the broader Canadian stock market has risen by nearly 25%. At the time of Allen's presentation slide titled "Cargojet is expensive," the stock was trading at 27 times earnings and 3.5 times tangible book value. In comparison, traditional airline Lufthansa trades at 7 times earnings, and United Airlines is valued at 9 times earnings estimate.

Persons: Edgar Allen, Ajay Virmani, Allen, they've, Cargojet, They've, Konark Gupta, Gupta, Allen's Sohn, Walter Spracklin, Fadi Chamoun, Chamoun, Drake, Elon Musk, Virmani Organizations: Cargojet, Investment Management, Sohn, United Parcel Service, Federal Express, CNBC Pro, CNBC, Scotiabank, RBC Capital Markets, BMO Research, Lufthansa, United Airlines, Elon Locations: London, Ontario, CJT, Toronto

☆ This personal finance educator says budgeting is ‘toxic’ — try ‘intuitive’ spending instead
▼ + stars: | 2024-11-27 | by ( Sawdah Bhaimiya | ) www.cnbc.com time to read: +3 min

You're going to feel that shame because you're not reaching those sorts of arbitrary goals that are being set." Try 'intuitive' spending insteadAccording to Miranda, the toxicity of budgeting stems from a capitalistic culture geared toward making more money and accumulating assets, rather than focusing on the quality of life of individuals. Instead of scrimping and saving your money, Miranda recommended "conscious spending," as an alternative. "It's like an intuitive or mindful approach to spending and using their money." "As long as we understand how our debt products work and the consequences of different decisions that we make around debt."

Persons: Dana Miranda, Miranda, Sheida Isabel Elmi, it's Organizations: CNBC, Research, University of Minnesota, Aspen Institute Financial Security

☆ What Robert F. Kennedy’s confirmation as HHS secretary could mean for global health
▼ + stars: | 2024-11-27 | by ( Brenda Goodman | ) edition.cnn.com time to read: +13 min

CNN —President-elect Donald Trump’s choice of Robert F. Kennedy Jr. to lead the US Department of Health and Human Services sent a shudder through the global health community. The US is the world’s largest funder of global health programs, according to the nonprofit health policy and research group KFF. Global health is really strategic investment,” del Rio added, saying he hoped Kennedy would find a way to maintain those investments. About half of the nation’s global health budget is spent on HIV/AIDS prevention and treatment, according to KFF. Worldwide, measles cases rose 20% from 2022 to 2023, according to the latest report from the World Health Organization.

Persons: Donald Trump’s, Robert F, Kennedy Jr, Kennedy, hasn’t, ”, Richard Carmona, George W, Bush, “, ” Carmona, Carlos del Rio, thimerosal, Joe Rogan, “ There’s, Kathleen Sebelius, Barack Obama, Peter Hotez, Trump, — Hotez, Rachel, Hotez, ” Hotez, Anthony Fauci ”, Fauci, Mary Holland, –, It’s, ” Sebelius, Sebelius, doesn’t, Lawrence Gostin, Peter Kotlar, Robert Fico, ” Kennedy, Kennedy’s, Gostin, ” Gostin, Dr, Sanjay Gupta, ” Holland, can’t Organizations: CNN, US Department of Health, Human Services, HHS, US Centers for Disease Control, National Institutes of Health, Emory University, ”, Health Defense, US Food, CDC, Baylor College of Medicine, NIH, NBC News, Children’s Health Defense, World Health Organization, United States, US State Department, WHO, Georgetown University, Slovak, covid, Get CNN, CNN Health, Trump, pandemics Locations: Rio, United States, India, Africa, United, Geneva

☆ Say hello to your new coworker: Autonomous AI agents are coming to banks
▼ + stars: | 2024-11-27 | by ( Bianca Chan | ) www.businessinsider.com time to read: +4 min

Demand for AI agents is giving birth to a new class of startups and VCs hungry to invest in them. It was a topic of conversation at the Evident AI Symposium in New York on Thursday. To take AI agents a step further, technologists and startup investors are fueling a shift to so-called multi-agent systems that coordinate several AI agents to complete more complex tasks more autonomously. Well, that's still being worked out, according to a number of tech executives at the Evident AI Symposium Thursday. Heitsenrether, speaking at the Evident AI conference, told the audience that, over time, she expects AI to be seamlessly embedded in an employee's workflow.

Persons: Danny Goldman's, Michael Lacorazza, Mako, It's, Jamie Dimon, Teresa Heitsenrether, Wall, they're, Gabriel Stengel, Kristin Milchanowski, Ganesh Organizations: Finance, Mako, Khosla Ventures, Bank, Goldman, JPMorgan, BMO Financial Group, of Cambridge Locations: New York, OpenAI

☆ The Israel-Hezbollah cease-fire deal brings hope, but the US' role of monitoring violations raises issues
▼ + stars: | 2024-11-27 | by ( Joshua Nelken-Zitser | ) www.businessinsider.com time to read: +5 min

The US and France will play a role in monitoring for potential violations of the deal. Regional experts say the US role in monitoring creates complications and challenges. A cease-fire agreement that aims to end the fighting between Israel and Hezbollah, the Iran-backed Lebanese militant group, marks a hopeful diplomatic moment after nearly 14 months of conflict. Gerges said that the inclusion of the US in the cease-fire monitoring process "complicates" matters. The cease-fire agreement will not stop the fighting in Gaza, though President Joe Biden said on Wednesday that the US will make "another push" to broker a deal there.

Persons: Gerges, Israel, Benjamin Netanyahu, Paul Salem, Salem, Hassan Fadlallah, Ozcelik, Hezbollah's, Joe Biden Organizations: Hezbollah, Israel, London School of Economics, United Nations, Lebanese, Middle East Institute, Guardian, Royal United Services Institute Locations: Israel, France, Iran, Lebanese, Lebanon, Syria, East, Gaza

☆ Generative AI's hype has yet to lead to a must-have gadget for the holiday season
▼ + stars: | 2024-11-27 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +3 min

Generative artificial intelligence has taken Silicon Valley by storm since the launch of OpenAI's ChatGPT chatbot in November 2022. There was a lot of optimism over the potential of GenAI gadgets at the CES trade show in January, said Paul Gagnon, vice president for analyst firm Circana. Additionally, consumers may find current GenAI devices too expensive, and they may be confused about what the devices can actually do, he said. The reality is that while GenAI has captivated Silicon Valley, it's still "inning zero" in regard to widespread adoption, Bajarin said. Despite Silicon Valley not having a breakout year for GenAI hardware, here are a few GenAI devices early adopters can buy.

Persons: chatbot, Paul Gagnon, Gagnon, we've, — there's, hasn't, Ben Bajarin, Ray, Bajarin, Ryan Reith, Reith, GenAI, Steve Koenig Organizations: Nvidia, CES, Creative, Microsoft, Apple, Intel, Dell, Lenovo, IDC, Consumer Technology Association Locations: Silicon

☆ Oil watchers say inflation risks will stave off Trump's Canada tariff threat
▼ + stars: | 2024-11-27 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +1 min

Higher fuel prices could be in the cards if President-elect Donald Trump follows through with his tariff threats on Canada, according to industry experts, who are skeptical on whether the new levies will ever be implemented. Trump on Monday pledged to implement additional tariffs on China, Canada and Mexico on day one of his presidency, according to his posts on social media platform Truth Social. He said he would sign an executive order on Jan. 20 imposing a 25% tariff on all imports from Canada and Mexico, a move that may breach the terms of a regional free trade agreement. Goldman Sachs' Co-Head of Global Commodities Research Daan Struyven said that if a 25% levy hit Canadian crude exports to the U.S. "that could, in theory, lead to some pretty significant consequences for three groups." U.S. refiners who rely on Canadian oil barrels could face lower profit margins, and consumers may potentially face higher prices, surmised Struyven.

Persons: Donald Trump, Goldman Sachs, Daan Struyven Organizations: Trump, Global Commodities, Daan, U.S . Energy Information Administration Locations: Canada, China, Mexico

For the past year, comparing short-term CD rates vs. long-term CD rates showed that short-term CDs had better rates overall. Even the best long-term CD rates were starting to dip under the 4% mark, going into the 3.90% APY range. For example, Synchrony Bank's best CD rate is the Synchrony 9 Month CD, which offers 4.05% APY. Long-term CD rates are still lower than short-term CD rates overall. If the risk of incurring early withdrawal penalties in a long-term CD is too much, you can open a CD ladder with a long-term CD in it to mitigate that risk.

Persons: Synchrony, we're, Jerome Powell, Donald Trump, Kit Pulliam, They’ve, Kit Organizations: Federal Reserve, America First Credit, Credit Union, Dow Credit Union, Federal, Pulliam, Business, Tax, MSN, Vanderbilt University Locations: America

☆ Elon Musk wants to 'delete' a federal agency designed to prevent another financial crisis and protect people from scams
▼ + stars: | 2024-11-27 | by ( Eliza Relman | Catherine Boudreau | ) www.businessinsider.com time to read: +6 min

AdvertisementElon Musk says he wants to eliminate the Consumer Financial Protection Bureau. The CFPB was created after the 2008 crisis to protect consumers from financial abuses. "Delete CFPB," Musk wrote on X early Wednesday of the Consumer Financial Protection Bureau. The agency investigates consumer complaints related to credit cards, loans, bank accounts, and debt collection and enforces consumer protection laws. Earlier this year, the CFPB also limited credit card late fees to $8 a month, compared to the average $32 fee charged by issuers in 2022.

Persons: Elon Musk, Musk, Vivek Ramaswamy, Dodd, Frank, Democratic Sen, Elizabeth Warren, Barack Obama, Warren, Wells Fargo, who've, —, Clarence Thomas Organizations: Financial, Bureau, Elon, Consumer Financial, Trump, Government, Trump Administration, Congress, Democratic, Harvard Law School, Personnel Management, Bank of America, of America, Apple, Google, Federal Locations: Wells Fargo, Wells

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