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This 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. China's CSI 300 added around 0.7% after data showed growing factory activity in the country. GQG told CNBC that over 90% of client assets are invested in issuers unrelated to Adani. [PRO] Eyes on November's jobs reportThis week's major piece of data is November's jobs report, out Friday.
Persons: Stocks, Adani, GQG, Musk, Elon Musk, OpenAI, It'll Organizations: New York Stock Exchange, CNBC, Dow Jones, CSI, P Global, PMI, GQG Partners, UBS, OpenAI, Elon, U.S . Federal Locations: Asia, Pacific, China, GQG, U.S .
Jaguar's rebranding campaign sparked debate over its new image — and carless promo video. Jaguar's controversial new rebranding campaign has stirred a ton of discussion across social media, late-night TV, and in the news. Related Video Why the retail industry has its eye on Gen ZBut what do marketing and rebranding experts think of Jaguar's transition? The high-end British carmaker — Jaguar has been an icon of elegance and luxury for nearly a century — first unveiled its rebranding campaign in late November. Will Sears, the founder and CEO of Cincinnati-based marketing agency W.Bradford, said the intent behind Jaguar's new branding rollout is unclear.
Persons: Will Sears, W.Bradford, Sears, Eli Lilly, L'Oréal, Jim Heininger, It's, it's, India's Tata, Jaguar's, Chris Bowers, Bowers, Heininger, Greg Andersen, Bailey Lauerman, Andersen Organizations: Anheuser, Busch, India's, India's Tata Motors, Rover, Automotive, Google, Burberry, Cadillac, Toyota Locations: Cincinnati, Chicago, Detroit, Omaha
View at Coop Sleep Goods What we like Check mark icon A check mark. Comes with additional fill if you prefer a firmer pillowCheck mark icon A check mark. View at Buffy What we like Check mark icon A check mark. View at Parachute What we like Check mark icon A check mark. Folds easily for added support when lying on your side or backCheck mark icon A check mark.
Persons: it's, Price Casper, Wiggle Pillow, It's, Folds Organizations: Business, Monday, Pillow, lounging
AdvertisementChina is studying the effects of Western sanctions on Russia to prepare for any invasion of Taiwan. China is closely monitoring the effects of Western sanctions on Russia in order to prepare for a possible invasion of Taiwan, The Wall Street Journal reported, citing people familiar with the matter. Alexander Gabuev, the director of the Carnegie Russia Eurasia Center, told the Journal that Russia is serving as a "sandbox" for China for how sanctions operate and how they should handle them. AdvertisementEven so, Russia's economy has been heavily impacted by the ongoing conflict and the Western sanctions imposed on it. Advertisement"Essentially, the experience of the last three years substantially reduced the fear of large authoritarian states with respect to Western sanctions, and this is very concerning," he said, adding that China-Russia economic cooperation would make any future Western sanctions against China less effective.
Persons: Alexander Gabuev, Alexander Libman, Libman Organizations: Street Journal, Carnegie Russia Eurasia Center, Free University of Berlin Locations: China, Russia, Taiwan, Ukraine, Moscow, Beijing, India, Turkey, USSR
An increasing number of non-Indigenous Australians now find it difficult to celebrate Australia Day, in the knowledge that many of their Indigenous fellow citizens treat it as a day of mourning. “It’s not for us to tell anyone whether or how to celebrate Australia Day,” it said in a statement posted on social media. “It certainly wasn’t our intention to offend anyone.”“Whether you choose to celebrate Australia Day or not, everyone is welcome in our pubs, always. We have been, and are always, open over Australia Day and we continue to book events for patrons,” added Australian Venue, which says it has 15 million customers a year and employs 9,600 people. Multiple local councils have also dropped celebrations on the day as attitudes have changed about the anniversary.
Persons: Arthur Phillip, Jack, , “ It’s, Aldi Organizations: CNN, British Royal Navy, Crown, Australia, Co, Woolworths, Australian, Kmart Locations: Australian, Sydney
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHSBC economist says he prefers countries with a strong domestic market in light of tariff risksFrederic Neumann, chief Asia economist and co-head of global research for Asia at HSBC, says he favors countries with a strong domestic economy and limited external trade exposure in the near term, given the uncertainty of how the incoming Trump administration will implement tariffs.
Persons: Frederic Neumann, Trump Organizations: HSBC Locations: Asia
The annual Coursera Plus subscription typically costs you $399, but now, it's only $239 — a deal we may not see again. Coursera Plus exemplifies how online learning has revolutionized professional development by offering unlimited access to over 7,000 courses. While Coursera has free enrollment with per-course payment options, a Coursera Plus subscription supplies unrestricted access to the entire course catalog at a fraction of the typical cost. View at Coursera Highlights Unlimited access to over 7,000 coursesLearn on your preferred device at your own paceEarn industry-recognized credentialsCyber Monday Coursera FAQsIs Coursera free? While Coursera provides free course previews and registration, earning official certifications or degrees requires subscribing to Coursera Plus or buying individual courses.
Persons: Coursera Organizations: Business, IBM, Google, Meta, Microsoft, Coursera, University of Michigan, UC Berkeley Locations: Georgetown, Coursera
‘Brain rot’ is Oxford’s word of the year
  + stars: | 2024-12-02 | by ( Rosa Rahimi | ) edition.cnn.com   time to read: +3 min
“Brain rot” took the title in a vote in which more than 37,000 people participated, as well as public commentary and analysis of OUP’s language data. “While England endeavours to cure the potato rot,” wrote Thoreau, “will not any endeavour to cure the brain-rot – which prevails so much more widely and fatally?”All these years later, it seems brain rot is well and truly established. “’Brain rot’ speaks to one of the perceived dangers of virtual life, and how we are using our free time,” said Casper Grathwohl, president of Oxford Languages, in Monday’s announcement. “I also find it fascinating that the word ‘brain rot’ has been adopted by Gen Z and Gen Alpha… These communities have amplified the expression through social media channels, the very place said to cause ‘brain rot,’” he added. The word, which means being reserved in appearance or behavior, had already been named word of the year by Dictionary.com last week.
Persons: London CNN —, , Henry David Thoreau, “ Walden ”, Thoreau, , Casper Grathwohl, Gen Z, Alpha, Dictionary.com, “ rizz Organizations: London CNN, Oxford University Press, Oxford English, OUP, United States, Oxford Locations: England, United
This 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. Stocks' November reignMajor U.S. indexes climbed on Friday, a shortened day of trading, ending the week and the month higher. Second-best month for BitcoinBitcoin celebrated its second-best month of the year so far, jumping 38% for November. [PRO] Eyes on November's jobs reportThis week's major piece of data is November's jobs report, out Friday.
Persons: Stocks, Bitcoin Bitcoin, Donald Trump, Musk, Elon Musk, OpenAI, It'll Organizations: New York Stock Exchange, CNBC, Dow Jones, Reserve Bank of India, OpenAI, Elon, U.S . Federal Locations: New York City, U.S .
Twitter, now X, has also been a valuable data source for Musk's $50 billion startup xAI. When Elon Musk bought Twitter for $44 billion, it was panned as one of the worst tech acquisitions in history. AdvertisementIn late 2023, Musk blocked other organizations from scraping X data for free — but gave xAI continued access. AdvertisementxAI gets a boost from X data. Should X be unsuccessful, it would raise questions about the value of the X to xAI data pipeline.
Persons: Trump, Elon Musk, Dan Ives, it's, Musk, Sam Altman, xAI, Ellen Keenan O'Malley, EIP, O'Malley, X, Shmuel Chafets, Warren Buffett, Musk's, Donald Trump, Anna Moneymaker, Vivek Ramaswamy, Volodymyr Zelensky, Sundar Pichai, isn't, Howard Lutnick, Scott Bessent, MAGA, Calum Chace Organizations: Elon, Twitter, Wedbush Securities, Street, Qatar Investment Authority, Sequoia Capital, Wired, MMC Ventures, Trump, Queensland University of Technology, Republican, Target, Berkshire Hathaway, Fidelity, Getty, of, SpaceX, Reuters, UFC, Wall Street, Trump's, X Corp, Bright Locations: Pennsylvania, Lago, Palm Beach, California
Britain's Supreme buys Typhoo Tea out of administration
  + stars: | 2024-12-02 | by ( ) www.cnbc.com   time to read: +1 min
UK, Essex, Harlow, senior man holding a cup of tea whilst sitting on his garden patio in the morning. Britain's Supreme has bought out loss-making tea brand Typhoo Tea from administration in a 10.2 million pound ($12.94 million) deal, the fast-moving consumer products seller said on Monday. The 120-year-old tea brand had fallen into administration in November due to declining sales and mounting debt pressures. Supreme also expects to further its retail footprint with the acquisition, taking advantage of Typhoo Tea's expansive supply relationship with all major UK supermarkets and discounters. Typhoo Tea, the first pre-packaged tea brand in the UK, made about 20 million pounds in revenue and pre-tax losses of about 4.6 million pounds for the year ended Sept. 30.
Organizations: Britain's Locations: Essex, Harlow, Merseyside
Mahindra & Mahindra , one of India's largest automakers, last week unveiled two new electric vehicles priced around $25,000, challenging both domestic and international rivals in the growing Indian EV market. The Wall Street bank has a buy rating on Mahindra's stock, with a price target of 3,520.00 Indian rupees ($41), which points to 18% upside potential. MAHM-IN 1Y line Mahindra & Mahindra said the vehicles will have a range of up to 682 kilometers (424 miles) with the larger battery option. He has a price target of 3,420 rupees on the stock, which represents 15% upside and is also the median price target of all analysts covering the stock. Tata Motors , another large automaker, currently dominates India's small EV market, with about 70% market share.
Persons: Arvind Sharma, Citi's Sharma, Tesla, Motilal Oswal, Aniket Mhatre, Mhatre, Motilal, Kapil Singh Organizations: Mahindra, EV, Electric, Bank of America, National Stock Exchange, Motilal Oswal, Investment, Tata Motors, Korea's Hyundai Motors Locations: Chennai, India, China, U.S, Germany
Walmart offers some of the greatest variety when it comes to product selection, so we've gathered all of the best Walmart Cyber Monday deals below to help narrow it down for you. Be sure to check out our roundup of the best Cyber Monday deals and the best Amazon Cyber Monday deals for even more savings. Best Cyber Monday Walmart tech dealsIf you're looking for tech, Walmart has several deals on items from Sony, Samsung, Beats, and more. View at WalmartBest Cyber Monday Walmart TV dealsThe best Walmart Cyber Monday TV deals are available across top brands like Sony, LG, Vizio, and Hisense. View at WalmartBest Cyber Monday Walmart Apple dealsThere are tons of Cyber Monday Apple deals at Walmart, including savings on the Apple Watch 10 and sets of AirTags.
Persons: Walmart's, it's, Max, they're, Blackstone, Air Fryer, fryer, gelato Organizations: Business, Walmart, Sony, Samsung, Sony PlayStation, Walmart Samsung Galaxy Watch, Galaxy, LG, Walmart Apple, Apple, Apple AirPods, MacBook, Apple's, Air, Walmart Walmart
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'Full weight of tariffs' on China could send the yuan to 8.42: BarclaysMitul Kotecha, Head of Asia FX and EM Macro Strategy at Barclays, explains why he thinks the Chinese authorities will have to depreciate the currency to mitigate the impact of tariffs.
Organizations: Barclays Mitul Kotecha, Asia FX, Barclays Locations: China
The city glitters, but there's a reason the locals call South Korea "Hell Joseon." Lonely deaths in South Korea increased from 3,378 in 2021 to 3,661 in 2023, per the South Korean Ministry of Health and Welfare's data. "'Seoul Without Loneliness' is a bold challenge for the city and not an easy path to take," the representative said. In 2023, South Korea recorded a suicide rate of 27.3 out of 100,000 people, the highest rate among OECD countries like the US, UK, and Japan. Kee Hong Choi, a psychology professor at Korea University, said that his country's education system needs to be "changed dramatically" to become less competitive.
Persons: hoon, Family, it's, Eva Chen, Chen, Kee Hong Choi, Choi, Sohyun Kim, Kim, Korea University's Choi, Hua University's Chen Organizations: Korea Institute for Health, Social Affairs, South Korean Ministry of Health, Korean, Business, Seoul Metropolitan Government, country's Ministry, National University of Singapore, Tsing Hua University, South Korea's National Statistics Office, Korea University, Hua Locations: Seoul, South Korea, Korea, South, Japan, That's
A Chinese flag is displayed next to a "Made in China" sign seen on a printed circuit board with semiconductor chips, in this illustration picture taken February 17, 2023. Florence Lo | ReutersThe U.S. will launch its third crackdown in three years on China's semiconductor industry on Monday, restricting exports to 140 companies including chip equipment maker Naura Technology Group , among other moves, according to two people familiar with the matter. Among Chinese companies facing new restrictions are nearly two dozen semiconductor companies, two investment companies and over 100 chipmaking tool makers, the sources said. However, it remains years behind chip industry leaders like Nvidia in AI chips and chip equipment maker ASML in the Netherlands. For the first time, the U.S. will add two companies that make investments in chips to the entity list.
Persons: Florence Lo, Beijing's, Biden, Donald Trump, Lam Organizations: Reuters, U.S, Naura Technology, SiCarrier Technology, Republican, Lam Research, ASM International, Swaysure Technology Co, Qingdao SiEn, Shenzhen Pensun Technology, China's Huawei Technologies, Semiconductor Manufacturing, Capital, Wingtech Technology, Companies Locations: China, U.S, Singapore, Malaysia, Qingdao, Shenzhen, Netherlands, Israel, Taiwan, South Korea, Japan
China bonds rallied Monday with the 10-year yield dropping below the key psychological level of 2% to hit a multi-decade low, amid expectations that Beijing could expand its stimulus measures to shore up the economy. Yields on China's 10-year government bond, which move inversely to prices, fell to 1.9636% on Monday, data from LSEG showed, marking its lowest level in 22 years. 30-year bond yields dropped to 2.164%. "The resistance for further downside [on bond yields] may increase due to higher government bond issuance and upcoming major meetings," OCBC's Xie noted. China's 10-year yield remains far lower than the U.S. 10-year Treasury yield of over 4%.
Persons: Tommy Xie, Edmund Goh, Goh, Pan Gongsheng, OCBC's Xie, Xie, Eugene Hsiao Organizations: OCBC Bank, People's Bank of China, CNBC, Communist Party, Macquarie Locations: China, Beijing, LSEG, Asia, U.S
Norway's Prime Minister Jonas Gahr Store gives a speech during the Autumn 2024 conference of Equinor, a Norwegian multinational energy company, in Oslo, Norway on November 26, 2024. Norway has shelved plans to open a vast ocean area at the bottom of the Arctic for commercial-scale deep-sea mining. Norwegian Prime Minister Jonas Gahr Støre described the move as a "postponement," Reuters reported Sunday, citing comments delivered to private broadcaster TV2. Støre leads Norway's center-left Labor Party, which is the senior party in a minority government coalition with the Center Party. The practice of deep-sea mining involves using heavy machinery to remove minerals and metals — such as cobalt, nickel, copper and manganese — from the seabed, where they build up as potato-sized nodules.
Persons: Jonas Gahr, Jonas Gahr Støre, Støre Organizations: Norway's, Socialist Left Party, Reuters, TV2, Labor Party, Center Party Locations: Norwegian, Oslo, Norway, Norway's, Germany, Britain, Canada, Mexico
CNN —A crowd crush at a football match in Guinea has caused multiple casualties, the country’s prime minister has confirmed, with one social media video showing fans scrambling to get out of a packed stadium. “The government deplores the incidents that marred the football match between the Labé and Nzérékoré teams this afternoon in Nzérékoré,” Prime Minister Bah Oury said in a statement. Video geolocated by CNN showed fans scaling a wall as they tried to flee the stadium in Nzérékoré in southeastern Guinea. Doumbouya, who seized power in a 2021 coup and has installed himself as president, is eyeing a potential presidential run in elections expected to be held in 2025. Doumbouya is one of several figures who have seized power in the volatile region since 2020.
Persons: Bah Oury, , ” Oury, Mediaguinee, Mamady, Doumbouya Organizations: CNN, , AFP, Local Locations: Guinea, Nzérékoré, Doumbouya, West, Central Africa
Opinion | Sexual Violence in War Is Not Inevitable
  + stars: | 2024-12-02 | by ( Alyona Synenko | ) www.nytimes.com   time to read: +2 min
They were members of one of the more than 100 armed groups sprawled across the eastern Democratic Republic of Congo. He tried to understand what these men believed about sexual violence and use it in his arguments against it. The conversation was part of a pilot program the International Committee of the Red Cross has been conducting to try to better address sexual violence in armed conflict. Last year, the United Nations recorded a 50 percent increase in verified cases of conflict-related sexual violence. And when new wars erupt, gruesome allegations of sexual violence almost always follow images of death and destruction.
Persons: Organizations: Democratic, , International Committee, United Nations, ICRC Locations: Democratic Republic of Congo
Opinion | The Surprising Allure of Ignorance
  + stars: | 2024-12-02 | by ( Mark Lilla | ) www.nytimes.com   time to read: +2 min
Our own experience teaches us that all human beings also want not to know, sometimes fiercely so. Others think instead that they have a special access to truth that exempts them from questioning, like a draft deferment. Mesmerized crowds follow preposterous prophets, irrational rumors trigger fanatical acts and magical thinking crowds out common sense and expertise. It is always possible to find proximate historical causes of these upsurges in the irrational — war, economic collapse, social change. The experience of disenchantment is as painful as it is common, and it is not surprising that a verse from an otherwise forgotten English poem became a common proverb: Ignorance is bliss.
Persons: Aristotle
The best deals we found are from Bluemercury, where all SkinCeuticals products are 15% off with no minimum purchase. Shop all Skinceuticals Cyber Monday deals from Bluemercury and SkinCeuticals. Every antioxidant used in SkinCeuticals products has been through rigorous clinical studies to prove its benefits for improving skin appearance. SkinCeuticals Hyaluronic Acid Intensifier Multi-Glycan $93.50 $110.00 Save 15% SkinCeuticals Hyaluronic Acid Intensifier is one of the most powerful hyaluronic serums on the market and it promises big results within a few weeks of use. The SkinCeuticals sale ends on the brand's site on December 3, as far as we know.
Persons: you've, they're, Danielle Braff Organizations: Business Locations: Bluemercury, Skinceuticals
Oil inches up on upbeat China data, shaky Israel-Lebanon ceasefire
  + stars: | 2024-12-02 | by ( ) www.cnbc.com   time to read: +2 min
Oil prices edged up on Monday supported by upbeat factory activity in the world's second largest oil consumer China and as Israel resumed attacks on Lebanon despite a ceasefire agreement, stoking tensions in the Middle East. Oil prices edged up on Monday supported by upbeat factory activity in the world's second largest oil consumer China and as Israel resumed attacks on Lebanon despite a ceasefire agreement, stoking tensions in the Middle East. "China data is helping, but I think it is also coming on concerns the Israel-Lebanon ceasefire may not hold," IG's Sydney-based market analyst Tony Sycamore said. A truce between Israel and Lebanon came into effect on Wednesday but both sides have accused each other of breaching the ceasefire. The Lebanese Health Ministry said in a statement several people were wounded in two Israeli strikes in south Lebanon.
Persons: Donald Trump, Tony Sycamore, Bashar al, Assad, Sycamore, Brent Organizations: Brent, West Texas, Lebanese Health Ministry, Air, of, Petroleum, Reuters Locations: China, Israel, Lebanon, East, Sydney, Syria, Aleppo, OPEC
A profanity-laced argument that almost turned into a physical altercation. An auditorium full of people turning their backs and humming to drown out an anti-transgender protester. A defiant rendition of “This Little Light of Mine.”The near-constant disruptions stretched the November meeting of a Manhattan parent council to nearly four hours. About halfway through, Maud Maron, a conservative activist and the council’s best-known member, paused to admonish the crowd. “Next month will be the 10th month of these histrionics.”Ms. Maron’s critics say she’s the one putting on a show.
Persons: Maud Maron, , , Ms Organizations: District Locations: Manhattan, New York, Lower Manhattan, Midtown
Faryar Shirzad, chief policy officer at Coinbase, told CNBC he sees crypto legislation making its way through Congress "fairly quickly" after the Republican president-elect — who ran on a notoriously pro-crypto policy platform — enters the White House. "I think the combination should finally allow the 50 million Americans who own crypto to have their interests and voice heard in policy." Shirzad told CNBC he's "optimistic" the legislation will get passed, but noted there's only a "small" chance the crypto legislation is considered in the so-called "lame duck" post-election period. Crypto's lobbying powerTrump's election win marked a major victory for the crypto industry — but it also highlighted the power of the crypto lobbying machine. Meanwhile, the Coinbase-backed Stand With Crypto Alliance developed a grading system to determine how for or against crypto House and Senate candidates were.
Persons: Shirzad, John Lamparski, Donald Trump, Faryar Shirzad, , doesn't, Gary Gensler, Trump, Gensler Organizations: Sheraton New York Times, Getty, Concordia Summit, CNBC, Republican, Republican Party, U.K, Innovation, Technology, Century, Crypto Alliance, U.S . Securities, Exchange, SEC Locations: New York City, United States, U.S
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