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☆ Oil prices steady amid focus on Israel-Hezbollah ceasefire, OPEC+ policy
▼ + stars: | 2024-11-27 | by ( ) www.cnbc.com time to read: +2 min

Oil prices steadied in early trade on Wednesday, with markets assessing the potential impact of a ceasefire deal between Israel and Hezbollah, and ahead of Sunday's OPEC+ meeting. Both benchmarks settled lower on Tuesday after Israel agreed to a ceasefire deal with Lebanon's Hezbollah. Israeli Prime Minister Benjamin Netanyahu said he was ready to implement a ceasefire deal with Lebanon and would "respond forcefully to any violation" by Hezbollah. Crude oil would not be exempt from the trade penalties, two sources familiar with the plan told Reuters on Tuesday. Meanwhile, U.S. crude oil stocks fell while fuel inventories rose last week, market sources said, citing API figures on Tuesday.

Persons: Israel, Joe Biden, Benjamin Netanyahu, Hiroyuki Kikukawa, Donald Trump Organizations: Hezbollah, Brent, U.S, West Texas, Lebanon's Hezbollah, NS, Nissan Securities, Organization of, Petroleum, Reuters Locations: Israel, United States, France, U.S, Lebanese, Gaza, Lebanon, China, OPEC, Russia, Mexico, Canada

☆ No. 2 UConn loses to Colorado for second defeat against unranked opponent in as many days
▼ + stars: | 2024-11-27 | by ( George Ramsay | ) edition.cnn.com time to read: +2 min

2 UConn suffered a second defeat against an unranked opponent in as many days at the Maui Invitational as Colorado prevailed 73-72 against the back-to-back NCAA defending champion. Colorado’s Andrej Jakimovski scored a layup with eight seconds remaining in Tuesday’s game to complete an impressive comeback with the Buffaloes having trailed 40-32 at the half. It comes after the Huskies, now 4-2 on the season, also suffered a narrow defeat against the Memphis Tigers on Monday, going down 99-97. Mitchell Layton/Getty ImagesJulian Hammond III and Elijah Malone led the way for Colorado with 16 points each, while Jakimovski had 12 points and 10 rebounds. Liam McNeeley scored a game-high 20 points and Solo Ball added 16 points for UConn, which will look to get back on track against Dayton on Wednesday.

Persons: Colorado’s Andrej Jakimovski, Jakimovski, Hassan Diarra, Mitchell Layton, Julian Hammond III, Elijah Malone, Liam McNeeley, Ball, “, ” Ball, Dan Hurley, we’ve, ” Hurley, We’ve, ” Organizations: CNN, UConn, Maui Invitational, Colorado, NCAA, Buffaloes, Huskies, Memphis Tigers, The Buffaloes, Dayton, ” Locations: Colorado, Hawaii

☆ Russia appears to be stepping up its use of decoy drones to outwit Ukrainian air defenses
▼ + stars: | 2024-11-27 | by ( Tom Porter | ) www.businessinsider.com time to read: +2 min

It's using decoy drones to outwit Ukrainian defenses, according to the ISW. Around half the drones used to attack Ukraine are decoy drones, a report said. Russia is stepping up its use of decoy drones to distract Ukrainian air defenses in mass aerial attacks, according to The Institute for the Study of War (ISW). This, said the ISW's analysts, suggests that "Russian forces likely used a large number of decoy drones to overwhelm Ukrainian air defenses." The Associated Press in November found that Russia was using swarms of fake drones to surround deadly thermobaric drones, which are highly destructive.

Organizations: The Institute, Ukraine, Associated Press, AP Locations: Russia, Ukraine, Washington, DC, Russian

☆ Blake Snell: Los Angeles Dodgers agree to sign two-time Cy Young Award winner
▼ + stars: | 2024-11-27 | by ( Jamie Barton | ) edition.cnn.com time to read: +2 min

CNN —The Los Angeles Dodgers have reportedly agreed to a $182 million contract with two-time Cy Young Award winner Blake Snell, according to multiple outlets, including The Athletic and the Associated Press. His average of 11.2 strikeouts per nine innings is the highest ever recorded in major league history. Snell is also one of only seven pitchers to have won the Cy Young Award in both the American League and National League, having collected the award in 2018 with the Tampa Bay Rays and in 2023 with the San Diego Padres. The Dodgers reportedly made a move for Snell following his success in San Diego, but the Seattle native eventually ended up with the San Francisco Giants in mid-March of 2024. No franchise has won consecutive Commissioner’s Trophies since the New York Yankees picked up three in a row between 1998 and 2000.

Persons: Cy Young, Blake Snell, Yoshinobu Yamamoto, Tyler Glasnow, Shohei Ohtani, Tommy John, Snell, Yamamoto Organizations: CNN, Los Angeles Dodgers, Athletic, Associated Press, Dodgers, MLB, Cy, American League and National League, Tampa Bay Rays, San Diego Padres, The Dodgers, San Francisco Giants, Cincinnati Reds, AP, Ohtani, New York Yankees Locations: San Diego, Seattle, Los Angeles

☆ Why the $72 billion software company Workday is psyched about DOGE
▼ + stars: | 2024-11-27 | by ( Meghan Morris | ) www.businessinsider.com time to read: +3 min

AdvertisementMusk and Ramaswamy have plans for the DOGE, and Workday sees an opportunity. Workday aims to capitalize on federal agencies' shift from on-premises to cloud systems, its CEO said. Workday, the human resources software company that workers love to hate, is embedded in more than half of Fortune 500 companies. The $72 billion company has been building up its government customer base, from Oklahoma's Tulsa County to the US Department of Energy. On Workday's Tuesday earnings call, CEO Carl Eschenbach addressed an analyst's question about how DOGE could impact Workday's business.

Persons: Ramaswamy, Elon Musk, Vivek Ramaswamy, Donald Trump, Carl Eschenbach, Eschenbach, what's, it's Organizations: DOGE, Fortune, US Department of Energy, Ramaswamy's Department, Government, Companies, Department of Energy, Defense Intelligence Agency, Corporation for Public Broadcasting Locations: Oklahoma's Tulsa County

☆ Stocks making the biggest moves premarket: Dell Technologies, MicroStrategy, Urban Outfitters and more
▼ + stars: | 2024-11-27 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

Dell Technologies — Shares fell more than 12% after the PC maker said it sees fourth-quarter revenue and earnings below Wall Street expectations . HP said it expects earnings, excluding items, to range between 70 cents per share and 76 cents per share. Autodesk expects earnings per share to be between $2.10 and $2.16, excluding items, and revenue of $1.623 billion to $1.638 billion. Urban Outfitters — Shares popped nearly 12% after the retailer reported an earnings and revenue beat postmarket Tuesday. Ambarella expects revenue of between $76 million and $80 million for the period, above the $69 million that analysts surveyed by LSEG had expected.

Persons: StreetAccount, FactSet, Janesh Moorjani, — Stocks, CrowdStrike, LSEG, George Kurtz, Ambarella, Nutanix, —, Samantha Subin, Jesse Pound, Sarah Min, Pia Singh, Michelle Fox Theobald Organizations: Dell Technologies, HP, Autodesk, Urban, postmarket, LSEG . Revenue

☆ Marc Andreessen is hopping on the Musk bandwagon and slamming manned fighter jets, saying there won't be 'spam in the can' if pilots aren't in the plane
▼ + stars: | 2024-11-27 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Andreessen's comments echo that of Elon Musk, who said this week that he thinks crewed fighter jets are inefficient. Elon Musk isn't the only tech executive who thinks drones are way better than fighter jets. Related Video The true cost of America's war machinesAI-controlled jets, Andreessen told Rogan, are "far superior" to fighter jets that need pilots. Advertisement"Crewed fighter jets are an inefficient way to extend the range of missiles or drop bombs. Drones have been game-changing in modern warfare, but military experts say there are still advantages to having manned fighter jets over drones.

Persons: Marc Andreessen, Elon Musk, Andreessen Horowitz, Joe Rogan, Andreessen, Rogan, Musk, Eric Schmidt, Schmidt, Sebastian Thrun, Donald Trump's, Vivek Ramaswamy, Justin Bronk, Mark Gunzinger Organizations: Elon, Andreessen, Business, Stanford University, Ares Industries, of Government, The Wall, Pentagon, Royal United Services Institute, US Air Force, Concepts, Mitchell Institute for Aerospace Studies Locations: Silicon, Russia

☆ Trump’s trade threats put the world on a precipice and may say a lot about his second term
▼ + stars: | 2024-11-27 | by ( Stephen Collinson | ) edition.cnn.com time to read: +9 min

His first major global brouhaha since winning reelection posed the following questions that will help define the character of his second term. There’s no guarantee that Canada, Mexico and China will back down immediately. Trump’s trade war rhetoric is a reminder that in his worldview, the United States has few friends — only adversaries against whom it can choose to win or lose. The prime minister therefore has a huge incentive to avoid a trade war that could cause havoc in the Canadian economy. Initial reaction to Trump’s broadside against Canada and Mexico suggests that many observers see his outburst as a negotiating tactic.

Persons: Donald Trump, Trump, he’s, Pete, George W, Bush’s, “, “ Trump, Elon Musk, Justin Trudeau, Claudia Sheinbaum, —, Trudeau, Pierre Poilievre, Sen, Marco Rubio, Xi Jinping, ”, Gerry Connolly Organizations: CNN, Trump, Central ”, Elon, Conservative Party, Trade, North American Free Trade Locations: Canada, Mexico, China, United States, NATO, Russia, Ottawa, Canadian, Washington, Beijing, Europe, Ukraine

☆ EasyJet rakes in record $4.5 billion from fare add-ons as CEO slams 'unfair' penalty over practice
▼ + stars: | 2024-11-27 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

EasyJet on Tuesday said it made a record £3.59 billion ($4.5 billion) from charging passengers for flight add-ons such as extra baggage in the full year to October, as the budget airline's CEO criticized a recent Spanish fine over the practice. Many airlines have stripped back what they include in their flight fares in recent years, instead relying on cashing in more from individual add-ons, as competition to offer ultra-low cost base fares intensifies. "We completely disagree with that, we think it goes completely against European law and European law's going to trump that," easyJet CEO Johan Lundgren told CNBC's "Squawk Box Europe" on Tuesday. "It's a highly unfair idea that you should not be able to offer products and services targeted for those people who want to use that. Spain's Association of Airlines (ALA), Ryanair, Norwegian and easyJet last week all criticized the fines and said they would dispute them.

Persons: Spain's, EasyJet, Johan Lundgren, CNBC's, easyJet Organizations: Spain's Ministry of Consumer Rights, Ryanair, Spain's Association of Airlines, ALA

☆ Goldman's retail stock picks for Black Friday and the holidays
▼ + stars: | 2024-11-27 | by ( Pia Singh | In | ) www.cnbc.com time to read: +3 min

Goldman recently surveyed 1,000 U.S. consumers about their holiday shopping plans, sorted by channel, products and retailers. "We continue to see a healthy holiday shopping backdrop for retailers that offer strong value and innovation across their assortments," Roach said. Amazon remains one of the most popular retail destinations for holiday shopping, attracting slightly more interest compared to the prior year, according to Goldman. Target, another forecasted retail winner this season from Goldman, has lagged its retail peers this year, down 8% in 2024. Wrangler brand owner Kontoor Brands was also among Goldman's buy-rated picks that it thinks can offer strong value and product innovation.

Persons: Goldman Sachs, Goldman, Brooke Roach, Roach, LSEG, Kontoor Brands, Goldman's Organizations: Goldman, Walmart, Target, Kontoor Brands, Black, Kontoor

☆ Kohl's vows 'aggressive action' to reverse sliding sales following a 'frankly disappointing' quarter
▼ + stars: | 2024-11-27 | by ( Maria Noyen | ) www.businessinsider.com time to read: +3 min

Apparel and footwear sales struggled despite strong performances for Sephora and other categories. Growth in revenue from beauty sales at Sephora was one of the few rays of hope. Kohl's continues to fight an uphill battle after sales tumbled following missed opportunities, a decline in footfall, and an overreliance on its partnership with Sephora. "We are not satisfied with our performance and are taking aggressive action to reverse the sales declines," he said. Earlier this week Kohl's said Kingsbury would step down on January 15 after two years in the role.

Persons: Kohl's, Tom Kingsbury, Kingsbury, Ashley Buchanan, Kinsbury, Lexie Moreland, Claudia D'Arpizio, Bain, D'Arpizio Organizations: Sephora, WWD, Penske Media, Getty Locations: Sephora, footfall

☆ Trump chooses U.S. Covid policy critic Bhattacharya to lead NIH
▼ + stars: | 2024-11-27 | by ( ) www.cnbc.com time to read: +2 min

Dr. Jay Bhattacharya speaks during a roundtable discussion with members of the House Freedom Caucus on the COVID-19 pandemic at The Heritage Foundation on Thursday, November 10, 2022. The NIH has been in the crosshairs of Robert F. Kennedy Jr., Trump's pick to lead the Department of Health and Human Services, which oversees the NIH. The NIH director oversees 27 institutes and centers that conduct early stage research on everything from vaccines for emerging pandemic threats to targets for new drugs. Bhattacharya, a Stanford health policy professor and doctor, was an outspoken critic of the U.S. government's Covid-19 policies during the pandemic. Francis Collins, the NIH director and Fauci's boss, defended Fauci in a July 2020 interview with STAT News, saying it was "unimaginable" to consider firing Fauci, as some Republicans had demanded.

Persons: Jay Bhattacharya, Donald Trump, Robert F, Kennedy Jr, Kennedy, Bhattacharya, government's, Anthony Fauci, Trump's coronavirus, Francis Collins Organizations: Caucus, Heritage Foundation, Tuesday, Stanford, National Institutes of Health, NIH, Department of Health, Human Services, RFK, Stanford University School of Medicine, Stanford's Department of Economics, NIH's National Institute of Allergy, Disease, STAT, Trump Locations: Stanford, Barrington, Fauci

☆ Treasury yields fall as investors await the Fed’s preferred inflation gauge
▼ + stars: | 2024-11-27 | by ( Sawdah Bhaimiya | ) www.cnbc.com time to read: +2 min

ET, the yield on the 10-year Treasury was down by more than three basis points to 4.2673%. The 2-year Treasury yield was also down by more than three basis points at 4.2210%. U.S. Treasury yields were lower on Wednesday as investors awaited a key inflation reading, and weighed statements from the Federal Reserve meeting minutes from November. A flurry of economic data is expected to be published on Wednesday ahead of Thanksgiving on Thursday when markets will be closed. Meanwhile, President-elect Donald Trump's pick of Scott Bessent as Treasury secretary, continues to calm investors nerves.

Persons: Dow Jones, Donald Trump's, Scott Bessent, Bessent Organizations: Treasury, U.S, Federal Reserve, Federal, Traders, CME

☆ Man arrested at LAX after allegedly checking suitcases filled with over 70 pounds of meth-caked clothing, including a cow onesie
▼ + stars: | 2024-11-27 | by ( Lex Harvey | ) edition.cnn.com time to read: +2 min

CNN —A California man was arrested at Los Angeles International Airport after he allegedly tried to check two suitcases containing more than 70 pounds of clothing caked in methamphetamine – including a cow pajama onesie – on a flight to Australia, federal prosecutors said Tuesday. Law enforcement extracted more than one kilogram (two pounds) of meth from the suitcases, the statement said. Matharu was intercepted at his gate and admitted to owning the suitcases, according to the court records. The clothing was likely “washed” in methamphetamine and left to dry, the court records said. Matharu is free on a $10,000 bond and is scheduled to be arraigned on Monday in Los Angeles, according to prosecutors.

Persons: onesie, Raj Matharu, Matharu, Martin Estrada Organizations: CNN, Los Angeles International Airport, United Airlines, Central District of, “, US Department of Justice Locations: California, Australia, Sydney, Central District, Central District of California, Los Angeles

☆ Trump is directing the trade war even before he takes office. Surprise tariffs were just the start.
▼ + stars: | 2024-11-27 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

AdvertisementUS President-elect Trump announced sweeping tariffs on Mexico, Canada, China, impacting global markets and currencies. Some analysts see Trump's tariff threats as leverage for countries to comply with the President-elect's wishes. President-elect Donald Trump has two months until he takes office, but he's already dishing out orders — and shaking the markets. Trump wrote. Trump jolted global markets, but the reaction was 'benign'Trump's announcements surprised global markets, with the Canadian dollar and the Mexican peso losing ground against the US dollar.

Persons: elect's, Donald Trump, —, Trump, George Saravelos, Saravelos, Dave Townsend, Dorsey, Whitney, Townsend, Nick Marro, Marro, Goldman Sachs Organizations: Trump, Canadian, greenback, Deutsche Bank, Economist Intelligence Locations: Mexico, Canada, China, Trump, Asia

☆ JonBenet Ramsey: What we know about the child beauty queen’s death, the botched investigation and decades of mystery
▼ + stars: | 2024-11-27 | by ( Holly Yan | Jean Casarez | ) edition.cnn.com time to read: +14 min

The kindergartener was already wearing high heels and following the footsteps of her beauty queen mother, Patricia “Patsy” Ramsey, a former Miss West Virginia. A cryptic ransom note and a grisly discoveryThe morning after Christmas, Patsy Ramsey went to the kitchen to make coffee. It demanded a peculiar amount of money – $118,000 – the same amount John Ramsey received for his Christmas bonus as president of Access Graphics. A grieving father’s relentless search for justiceSince Patsy Ramsey passed away 18 years ago, John Ramsey has remarried and moved to Utah. Helen H. Richardson/The Denver Post/Getty ImagesDespite helping with the Netflix documentary, John Ramsey said he doesn’t intend to watch it.

Persons: JonBenét Ramsey, JonBenét’s, John Bennett Ramsey, ” Ramsey, Joe Berlinger, “, Berlinger, JonBenét, Little Miss Colorado, Patricia “ Patsy ” Ramsey, Burke, Patsy Ramsey, Patsy Ramsey’s notepad, John Ramsey, Karl Gehring, ” John Ramsey, ’, ” JonBenét, Patsy Ramsey’s, it’s, Patsy, ”, CNN’s Kate Bolduan, they’ve, JonBenet, Steve Redfearn, Ramsey, Boulder Police Department —, —, …, John, Alex Hunter, ” Stan Garnett, Angela Williamson, Burke Ramsey, Patsy Ramsey didn’t, johns, Williamson, ” Williamson, John Mark Karr, Karr, SAEED KHAN, JonBenet Ramsey, Michael Dougherty, ” Berlinger, Helen H, Richardson, I’ve, Jan, It’ll, ’ ” Ramsey, Julie, Faith Karimi, Eric Levenson, Andi Babineau Organizations: CNN, Netflix, Little Miss, Little Miss Colorado ., Little Miss Colorado . Little Miss, Little Miss Colorado . Little Miss Charlevoix . Colorado State, Royale Miss, Miss, Access Graphics, Police, Boulder Police, Boulder, Boulder Police Department, Colorado Cold Case, Colorado Bureau, Boulder Daily Camera, DA, Technicians, Thai Immigration Department, Getty, Denver Post Locations: Colorado, Little Miss Colorado . Little, Little Miss Colorado . Little Miss Charlevoix . Colorado, Royale, Miss West Virginia, Boulder , Colorado, ”, Boulder, Boulder County, JonBenét’s, Bangkok, Thailand, AFP, SARTIN, Utah

☆ Here are Wednesday's biggest analyst calls: Nvidia, Dell, Amazon, Disney, Dick's, Urban Outfitters, Amazon, Ford & more
▼ + stars: | 2024-11-27 | by ( Michael Bloom | ) www.cnbc.com time to read: +4 min

JPMorgan upgrades Martin Marietta Materials to overweight from neutral JPMorgan says the building materials company is well positioned. JPMorgan reiterates HP Inc. as overweight JPMorgan says it's standing by the stock following earnings on Tuesday. Bank of America reiterates CrowdStrike as buy Bank of America says trends are improving for CrowdStrike following earnings on Tuesday. Citi upgrades Urban Outfitters to buy from neutral Citi upgraded the stock following earnings and says it likes the retailer's execution. HSBC downgrades CrowdStrike to hold from buy HSBC downgraded CrowdStrike following its earnings and says it sees "limited near-term visibility."

Persons: Goldman Sachs, Goldman, Piper Sandler, Baird, it's bullish, Daiwa, Datadog, CrowdStrike, Bernstein Organizations: Dell Technologies, DELL, JPMorgan, Martin Marietta Materials, HP Inc, Holdings, Disney, DIS, Bank of America, Nvidia, Citi, Urban Outfitters, UBS, Goods, HSBC, CrowdStrike, Ford, General Motors

☆ Major currencies consolidate as market regroups ahead of US inflation measure
▼ + stars: | 2024-11-27 | by ( ) www.cnbc.com time to read: +3 min

The New Zealand dollar rose after the Reserve Bank of New Zealand cut benchmark rates by 50 basis points to 4.25% while noting that inflation had declined to near the mid-point of its targeted range. "This uncertainty can lead markets to 'sell first and ask questions later' which is a positive for the USD." The Australian dollar was mostly flat at $0.64755 after domestic consumer price inflation stayed at a three-year low in October. In cryptocurrencies, bitcoin was trading at $91,795, keeping well below the record high of $99,830 it touched last week. It has climbed more than 40% since the U.S. election on expectations Trump will loosen the regulatory environment for cryptocurrencies.

Persons: Donald Trump's, Trump's, Trump, Carol Kong, Joe Biden, Scott Bessent, bitcoin, Bitcoin Organizations: U.S, New Zealand, Reserve Bank of New, jittery, Commonwealth Bank of Australia, Canadian, Treasury, Trump Locations: Reserve Bank of New Zealand, Canada, Mexico, China, United States, U.S, Israel, Iran, France, Israeli, Trump's

☆ Gold trades in tight range ahead of US inflation data
▼ + stars: | 2024-11-27 | by ( ) www.cnbc.com time to read: +2 min

Gold prices flitted within a narrow range on Wednesday as investors awaited key U.S. inflation data for insights into the potential scale of a Federal Reserve rate cut next month. Spot gold was steady at $2,635.56 per ounce, as of 0222 GMT, moving largely within a slim $9 range during the session. Gold is traditionally considered a safe-haven investment during periods of economic and geopolitical uncertainty, including trade wars and other conflicts. Investors digested a handful of economic data on Tuesday indicating the economy remained on solid footing. Elsewhere, China's net gold imports via Hong Kong in October fell from September and were down 43% from the previous year, data showed.

Persons: Bullion, Kyle Rodda, Rodda Organizations: Federal, Capital.com, Federal Reserve, U.S . Federal Reserve Locations: ., Israel, Lebanon, Capital.com . U.S, France, Iran, Hong Kong

☆ Record Number of Travelers Expected Over Thanksgiving Week
▼ + stars: | 2024-11-27 | by ( Hank Sanders | ) www.nytimes.com time to read: +1 min

Scott Arnould expected traffic and long lines when he arrived at Chicago O’Hare International Airport more than four hours before his flight home to Gulf Shores, Ala., on Tuesday — as experts warned of the busiest Thanksgiving travel week ever. The Transportation Security Administration said it expected to screen 18.3 million travelers from this past Tuesday through Monday — about 6 percent more than in 2023. AAA, the automobile organization, expects this year’s number of travelers will set records, including nearly 72 million motorists. The Midwest is expecting a wind chill, while the South and Northeast are expecting a cold, rainy storm system. Snow is also possible for parts of the Northeast.

Persons: Scott Arnould, —, Arnould, ”, “ Organizations: Chicago O’Hare International, Transportation Security Administration, AAA Locations: Gulf Shores, Ala, United States, South, Northeast

CNN —The ceasefire agreement between Israel and Hezbollah is a major diplomatic breakthrough that follows 13 months of escalating conflict, upheaval and displacement in Lebanon. In that time, troops from both sides will retreat from southern Lebanon, while the Lebanese military and families who fled in recent months will move in. Israel’s forces must retreat beyond the so-called Blue Line, a “line of withdrawal” established by the UN in 2000 following 18 years of Israeli military occupation in southern Lebanon. Israeli aerial attacks have focused on the southern border regions of Lebanon, but have hit targets in the center and the north as well. Planet Labs PBC Planet Labs PBC Dozens of buildings were destroyed in Meiss al-Jabal, visible in satellite imagery provided by Planet Labs.

Persons: Israel, Benjamin Netanyahu Organizations: CNN, Lebanese, UN Security, UN, Planet Labs PBC Planet, Planet Labs, Planet Labs PBC Locations: Israel, Lebanon, Meiss al, Beirut

☆ U.S., China and more: Value investor reveals what to buy as Trump tariffs loom
▼ + stars: | 2024-11-27 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

News that U.S. President-elect Donald Trump's plans to hike tariffs on imports from China, Canada and Mexico sent ripples across global markets Tuesday. Asian markets traded broadly lower , but Chinese stocks held up surprisingly well. Peter Boockvar, chief investment officer at the U.S.-headquartered Bleakley Financial Group, said China is better prepared to cope with tariffs than in 2016. Referencing the impact of the tariffs imposed by the Trump administration in 2016, Boockvar said it was "negative, not a benefit" in aggregate. 'A lot of value' Beyond the U.S., Boockvar said Asian markets including China, Japan, Singapore and Vietnam were offering "a lot of value."

Persons: Donald Trump's, Peter Boockvar, It's, CNBC's, Trump, Boockvar, Russell, Stocks, EQT Organizations: Bleakley Financial, Nvidia, Microsoft, Vegas Sands Corp, Melco Resorts & Entertainment, AIA, Hong Kong Stock Exchange Locations: China, Canada, Mexico, U.S, Japan, Singapore, Vietnam, Bay Sands, Asia, Europe

☆ Dell's AI business is booming, but shares plunged after it cut its revenue outlook
▼ + stars: | 2024-11-27 | by ( Polly Thompson | ) www.businessinsider.com time to read: +2 min

Revenues jumped 34% in Dell's ISG division, which includes the company's AI operations. But a lower-than-expected fourth quarter outlook drove Dell's shares down 12% in premarket trading. The biggest success story came from Dell's Infrastructure Solutions Group, which includes sales of AI servers, storage, and other network capabilities. Despite Dell's strong positioning in AI-related technologies, the company's shares were down as much as 12% in premarket trading after its final quarter revenue outlook fell below Wall Street expectations. Dell shipped $2.9 billion in AI servers during the quarter, and the company said that customers had booked $3.6 billion of future AI server orders.

Persons: Dell, Dell's, Jeff Clarke, Elon Musk's Organizations: Dell's Infrastructure Solutions Group, Analysts, CSG, Nvidia, Elon Locations: Dell's ISG, Texas

☆ Protesters Supporting Pakistani Ex-Leader Are Dispersed in Crackdown
▼ + stars: | 2024-11-27 | by ( Salman Masood | ) www.nytimes.com time to read: +1 min

Four civilians were reported to have been killed by gunfire in the unrest, according to local media reports. Thousands of protesters, led by Bushra Bibi, Mr. Khan’s wife, had gathered in the capital since Monday night. They vowed to stage a sit-in at a major town square near important government buildings, demanding Mr. Khan’s release. Since then, he has accused the powerful military of orchestrating his removal and has led a protest campaign to reclaim power through public rallies. Mr. Khan’s party, Pakistan Tehreek-e-Insaf, claimed victory in the elections and accuses the current civilian government of being a puppet of the military.

Persons: Imran Khan, Bushra Bibi, Khan’s Locations: Pakistan, Islamabad

☆ Missing hiker found after surviving more than a month in Canada’s snowy wilderness
▼ + stars: | 2024-11-27 | by ( Jennifer Hauser | Kia Fatahi | ) edition.cnn.com time to read: +2 min

They recognized him as the lost hiker Sam Benastick, who had been reported missing more than a month ago, on October 19, according to the Northern Rockies Royal Canadian Mounted Police (RCMP). Benastick was reported missing after failing to return home on October 17 from a 10-day camping trip in Redfern-Keily Park, CNN affiliate CBC News reports. Benastick told police he initially stayed in his car for a couple of days before walking to a creek near a mountain, where he camped for another 10 to 15 days. From Kamloops Search and RescueThe men took Benastick to a local hospital, where police attended to him and confirmed his identity, said RCMP. After all the time he was missing, it was feared that this was would not be the outcome,” said Cpl Madonna Saunderson, BC RCMP Communications.

Persons: Sam Benastick, Benastick, KSAR, Sam, ”, Cpl Madonna Saunderson, Mike Reid, Reid, “ I’ve, propping, ” Reid, ” Benastick’s, Al Benastick Organizations: CNN, Northern Rockies Royal Canadian Mounted Police, RCMP, CBC, Communications, Canadian Rangers, CBC News Locations: British Columbia, Redfern, Keily, Kamloops, Pink Mountain, Benastick

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