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CNN —LeBron James announced on Wednesday that he’s taking a break from social media. The Los Angeles Lakers star made the announcement on his X, formerly known as Twitter, and Instagram accounts, writing: “Getting off social media for the time being. “When the platform is so big, you can make the change and allow us all an escape from real life negativity. Knecht scored a career-high 37 points in the Lakers’ 124-118 win over the Utah Jazz on Tuesday, tying the NBA rookie record of nine three-pointers in a single game. It is unclear when James will return to social media.
Persons: LeBron James, , James, Rich Kleiman, Kevin Durant’s, ” Kleiman, Dalton Knecht’s, Knecht, he’s Organizations: CNN, Los Angeles Lakers, Twitter, Tennessee, Lakers, Utah Jazz, NBA
Jessica Tisch will confront a crushing list of problems as soon as she returns to the New York Police Department next week. Crime is inching down, but assaults and rapes have jumped and New Yorkers remain nervous about random attacks. Welcome back, Ms. Tisch. On Monday, Ms. Tisch, the city’s head of sanitation, will be sworn in as the 48th commissioner in the Police Department’s history and its second female leader. The question is whether Ms. Tisch — who has three degrees from Harvard, has never walked a beat and comes from a family worth $10.1 billion, according to Forbes — can bring the change many say is desperately needed.
Persons: Jessica Tisch, Tisch, Tisch —, Forbes Organizations: New York Police Department, New, Police, Harvard
New York CNN —In between his posts on Truth Social announcing nominees for his incoming administration, President-elect Donald Trump urged Republicans Wednesday to nix a bipartisan bill that would give journalists greater protections under federal law. Trump wrote on his favorite social network that “REPUBLICANS MUST KILL THIS BILL!”He linked to a PBS “NewsHour” interview with Jodie Ginsberg, the CEO of the Committee to Protect Journalists, who urged the Senate to pass the legislation. Known as the PRESS Act, the Protect Reporters From Exploitative State Spying Act would prevent the government from forcing journalists to reveal their sources and limit the seizure of their data without their knowledge. “It’s really important that we have that federal shield law to protect journalists at the federal level,” Ginsberg said on PBS. “Many Trump supporters from Rep. Jim Jordan to Sen. Mike Lee are champions of the PRESS Act because it would protect all journalists, including many who reach primarily conservative audiences.
Persons: Donald Trump, nix, Trump, Jodie Ginsberg, Sen, Tom Cotton, Trump’s, Joe Biden’s, ” Ginsberg, John Oliver, Dell Cameron, Trevor Timm, , ” Timm, Jim Jordan, Mike Lee Organizations: New, New York CNN, Social, Republicans, PBS, Protect Journalists, Senate, Freedom, Press, Republican, The New York Times, HBO, WIRED, Democratic, Press Foundation, CNN, Trump, Rep Locations: New York
In my inaugural CNBC Sport newsletter , I said the major American sports leagues have their media rights deals locked up for years to come. The NHL's Canadian media rights deal will end after next season. The company has said it intends to bid again for the Canadian media rights. In my inaugural CNBC Sport newsletter, I said the major American sports leagues have their media rights deals locked up for years to come. The NHL's Canadian media rights deal will end after next season.
Persons: Alex Sherman, Rogers, Gary Bettman, Amazon's, James Gay, Rees, Paul Martin –, Wayne Gretzky, Amanda Serrano, Nakisa Bidarian, Jake Paul, Mike Tyson, Katie Taylor, Taylor, Serrano, Tyson, Paul –, Amanda, Katie, Mike, Jake, Bidarian, Amanda's, hasn't, I'm, CNBC's Jake Piazza, Lillian Rizzo, Tiger Woods, Rory Mclroy, Mike McCarley, Steve Cohen's, Eli Manning, Derek Jeter, Michael Strahan, John McEnroe, Jimmy Fallon, Rickie Fowler, Xander Schauffele, Matt Fitzpatrick, Cameron Young, CNBC's Jess Golden, Dan Gilbert, Turner, John Tesh, LeBron James, Maverick Carter, Fulwell, Ben Winston, They'll, Peacock, CNBC's Dominic Chu, Mollie Marcoux Samaan, Marvel Entertainment Rob Steffens, Wanda Diamond, LOVB, LOVB Pro's, Michele Kang, Kang, Rob Manfred, That's, Manfred, Tomas Hertl, Thatcher Demko, Derek Cain Organizations: CNBC, CNBC Sport, Rogers Communications, NHL, National Basketball Association, National Football League, Rogers, Amazon Prime, Netflix, NFL, Amazon, Buffalo Bills, Kansas City Chiefs, CBS, Patriots, Sports Business, Golf Channel, Mike McCarley . New York Mets, Private Ventures, New, New York, WNBA, NBA's Cleveland Cavaliers, NBA, Warner Bros, Discovery, Turner Sports, U.S, ESPN, ABC, NBC, NBC Sports, SpringHill, Comcast, USA, English Premier League, NASCAR, WWE, Olympics, Marvel Entertainment, American Hockey League, Wanda Diamond League, Atwater Capital, U.S . Soccer, MLB, The Athletic, Professional Fighters League, Dubai Department of Economy, Tourism, Dubai Sports Council, PFL, San Jose Sharks, Vancouver Canucks, Rogers Arena, Sports, Reuters Locations: , Canada, Canadian, U.S, Amazon, Europe, Salt Lake City , Utah, Mike McCarley ., Cleveland, Northeast Ohio, Atlanta , Austin, Houston, Madison, Omaha, Salt, Dubai
The CEO also spoke with President-elect Donald Trump about the impact of his potential tariffs. Boeing's CEO Kelly Ortberg has a stern warning for his staff — stop squabbling and get to work. During the meeting, Ortberg also told staff not to "sit at the water cooler and bitch about people," per The WSJ's transcription of the recording. AdvertisementThe WSJ also reported that Ortberg has spoken with President-elect Donald Trump about the impact of potential tariffs on Boeing. Ortberg told staff that a potential trade war with China might impact the company's plane exports to Chinese airlines.
Persons: Kelly Ortberg, Ortberg, Donald Trump Organizations: Airbus, WSJ, Boeing, Business Insider, Trump, Seattle Times, Society of Professional Engineering Employees, Aerospace, . Aviation, Avia Solutions, Max Locations: Boeing's hourlong, China, Washington, Oregon
Russia sent a volley of missiles at the eastern city of Dnipro on Thursday, Ukrainian officials said, the latest assault in a week of rising hostilities between the two adversaries. Ukraine claimed Russia had used an intercontinental ballistic missile, which would have represented a significant escalation in its assaults. But several Western officials said that the weapon was not an ICBM and instead was likely an intermediate-range missile that flies shorter distances. President Volodymyr Zelensky said Russia had attacked Ukraine with a new class of missile. “All the parameters — speed, altitude — match those of an intercontinental ballistic missile,” he said.
Persons: Volodymyr Zelensky, Organizations: Russian Defense Ministry Locations: Russia, Dnipro, Ukraine, Russian, Astrakhan
The weather is getting chilly in many parts of the Northern Hemisphere, but but cold weather doesn’t mean that you have to stop your exercise routines. According to one recent study, people who achieved this amount of exercise per week had a 31% lower risk of mortality, 27% lower risk of developing cardiovascular disease, and 12% lower risk of developing cancer compared with inactive participants. Importantly, those who achieved just half this amount (75 minutes per week) also had substantial health benefits, with a 23% lower risk of early death, a 17% lower risk of developing cardiovascular disease, and 7% lower risk of developing cancer. Are you someone used to cold weather exercise, or are you trying it for the first time? On very cold days, and especially if you are not used to cold weather exercise, go with someone else.
Persons: Leana Wen, Wen, Jordan, it’s Organizations: CNN, CNN’s, Northern, George Washington University, US Centers for Disease Control, , Jordan Siemens, Stone, Getty
Stock futures edged lower on Thursday evening with Wall Street poised to end the week with gains in the three major averages. S&P 500 futures dipped 0.1%, while Nasdaq 100 futures were lower by 0.3%. All three major averages are on track for a positive week, led by the Nasdaq Composite's gain of 1.56%. That's a change from last week, when Wall Street's postelection rally appeared to stall. Shares of Gap jumped 15% after the company beat earnings estimates and hiked its full-year sales guidance.
Persons: Wall, Saira Malik Organizations: New York Stock Exchange, Stock, Dow Jones, Nasdaq, Nvidia, market's, Intuit Locations: New York City
The CNBC Sport videocast brings you interviews with the biggest names in the business. In this week's episode, CNBC's Alex Sherman sits down with professional boxer Amanda Serrano and Most Valuable Promotions co-founder Nakisa Bidarian. They talk about how they knew Serrano's fight against Katie Taylor last week would far surpass Jake Paul's fight with Mike Tyson in terms of quality — and how they can make sure women's boxing stays in the limelight. Watch the full conversation above, and sign up to receive future editions of the CNBC Sport newsletter straight to your inbox.
Persons: CNBC's Alex Sherman, Amanda Serrano, Nakisa Bidarian, Katie Taylor, Jake Paul's, Mike Tyson Organizations: CNBC, videocast
Oil prices firm as geopolitical tensions raise supply concerns
  + stars: | 2024-11-21 | by ( ) www.cnbc.com   time to read: +2 min
A pump jack at an oil lot connected to the Petroleos del Peru SA Talara refinery in Piura, Peru, on Wednesday, Dec. 13, 2023. Oil prices edged higher on Thursday due to supply concerns triggered by escalating geopolitical tensions amid the ongoing war between Russia and Ukraine. Gasoline inventories last week rose more than forecast, while distillate stockpiles posted a larger-than-expected draw. Adding to supply, Norway's Equinor said it had restored full output capacity at the Johan Sverdrup oilfield in the North Sea following a power outage. However, a slowdown in Chinese and global demand, coupled with rising output outside the group, have potentially thwarted this plan.
Persons: Norway's Equinor, Johan Sverdrup Organizations: del, del Peru SA Talara, Brent, . West Texas, Storm, ATACMS, Energy Information Administration, Organization of, Petroleum Locations: del Peru, Piura, Peru, Russia, Ukraine, Moscow, Kyiv, OPEC
Two catalysts may send shares of Netflix even higher in the months ahead, according to Bank of America. Analyst Jessica Reif Ehrlich reiterated her buy rating on Netflix and hiked her price target by $200 to $1,000, implying more than 13% upside from Wednesday's close. "Live and advertising are complementary growth drivers, as more live programming drives additional high value, premium ad inventory," Reif Ehrlich added. "Netflix's ability to monetize this premium live inventory will be key to making advertising a multi-year growth driver." Still, Netflix has an average price target of $787, implying about 11% downside from Wednesday's close.
Persons: Jessica Reif Ehrlich, Reif Ehrlich, Mike Tyson, Jake Paul –, Beyoncé –, ann Organizations: Netflix, Bank of America, Broadcasting
The woman who accused Hegseth of assault broke into tears when asked about the matter by CNN reporters last week and declined to comment. The report, which identifies the accuser as “Jane Doe,” summarizes police interviews with Doe, Hegseth, conference attendees and a hotel employee, and includes descriptions of video footage from the hotel viewed by police. There, a conference attendee told police that Hegseth had touched her knee and invited her to come to his hotel room. Doe told police that her next memory after the argument was being in a hotel room with Hegseth. He said that he was “buzzed” that night after drinking beer and remembered going back to his hotel room with Doe.
Persons: Pete Hegseth, , Hegseth, Donald Trump, I’ve, ” Timothy Parlatore, Jane Doe, , Doe, Facebook Doe, Hegseth “, Hegseth ejaculating, didn’t, Doe “, “ ‘, , CNN’s Yahya Abou, Ghazala Organizations: CNN, Trump Cabinet, Fox News, California Federation of Republican Women, Hyatt Regency Monterey, Trump, Republican, Hyatt Regency Monterrey, Hegseth, ” Police Locations: California, Monterey , California, Hyatt Regency Monterey Hotel, Spa, Monterey, Monterey County, Doe
Asked in August whether he would ever serve in Trump’s cabinet, Kennedy said, “No.” but weeks later, he ended his campaign and endorsed Trump. Kennedy has since refrained from any public criticism of Trump, aligning himself with the former president on issues like government censorship and public health. Trump, left, greets Robert F. Kennedy Jr., at a campaign rally in Glendale, Arizona, on August 23. “And you can see that every statement that Donald Trump makes is fear-based,” Kennedy said on his radio show in December 2016. “And, you know, he’s not like Hitler,” Kennedy said.
Persons: Robert F, Kennedy Jr, Donald Trump’s, , ” Kennedy, , Trump, Adolf Hitler, Benito Mussolini, Kennedy, Hitler, “ Hitler, President Trump, demagogues, Adriana Zehbrauskas, Trump’s, Francisco Franco, Mussolini, Huey Long, Father Coughlin, Donald Trump, Obama, barker, George Wallace, , , , Matt Taibbi’s, ’ ” Kennedy, Taibbi, he’s, He’ll, Michael Mann, “ Michael Mann, Erik McGregor, “ Trump, Andrew Wheeler Organizations: CNN, Health, Human Services, Trump, HHS, Centers for Disease Control, Prevention, Drug Administration, National Institutes of Health, Democratic Party, New York Times, Civil Rights Movement, Alabama Gov, , Pipeline, EPA Locations: Glendale , Arizona, White, America, Paris, Albany , New York
Matt Gaetz, who faced a torrent of scrutiny over allegations of sex trafficking and drug use, abruptly withdrew his bid to become attorney general on Thursday in the first major political setback for President-elect Donald J. Trump since his election this month. The collapse of Mr. Gaetz’s prospective candidacy just 16 days after the election appeared to be the earliest such failed cabinet pick in modern history and underscored the haphazard way that Mr. Trump has gone about assembling his new administration. He picked Mr. Gaetz almost on a whim last week without extensive vetting, knowing that allegations were out there, but essentially daring Senate Republicans to accept him anyway. Mr. Trump moved quickly to replace Mr. Gaetz with another conservative favorite. By the day’s end, he announced on social media that he planned to nominate Pam Bondi, the former attorney general of Florida and one of his defense lawyers in his first impeachment trial, to be U.S. attorney general.
Persons: Matt Gaetz, Donald J, Trump, Gaetz, Pam Bondi Organizations: Senate, Justice Department Locations: Florida
That's partly due to higher inventory levels, which rose 19% in October compared to last year. Existing home sales rose 3.4% in October, the group said. Sales rose 2.9% year-over-year for the first annual rise since July 2021 when Americans were still in the midst of a pandemic homebuying boom. Despite higher inventory levels, existing home prices have continued to rise, with the median existing home price climbing 4% in October to $407,200. Last week, the 30-year fixed mortgage rate ticked lower but remained elevated at 6.78%, three basis-points higher higher than the 52-week average, according to Freddie Mac.
Persons: Lawrence Yun, Freddie Mac, Yun, Zillow Organizations: National Association of Realtors, NAR, Bank of America Locations: Real
Gaetz Withdrew From Attorney General Consideration
  + stars: | 2024-11-21 | by ( Matthew Cullen | ) www.nytimes.com   time to read: +1 min
Matt Gaetz, the former Florida congressman who Donald Trump tapped last week as his choice for attorney general, announced today that he would withdraw from consideration. Gaetz has faced a torrent of scrutiny over allegations of sex trafficking and drug use, which he has denied. After meetings on Capitol Hill yesterday, Gaetz told people close to him that at least four Republican senators opposed his nomination — enough to block his confirmation. The storm surrounding Gaetz, personally disliked by lawmakers in both parties, has drawn some attention away from Trump’s other contested picks. The office of the city attorney of Monterey, Calif., released a redacted police file yesterday containing the accusation of a woman who said that Hegseth raped her in 2017.
Persons: Matt Gaetz, Donald Trump, Gaetz, Susan Collins of, Pete Hegseth, Hegseth Organizations: Capitol Locations: Florida, Susan Collins of Maine, Monterey , Calif
The Biden administration this week imposed sanctions on more groups and individuals it accuses of having ties to Israeli settlers inciting violence in the occupied West Bank, a last-ditch show of disapproval of Israelis’ annexation of land there before U.S. policy on the issue most likely swings the other way under the next administration. When President-elect Donald J. Trump returns to the White House next year, he could easily revoke the February executive order authorizing the sanctions or, even, some pro-settlement activists hope, use the order to go after Palestinian organizations instead. Texans for Israel, a Christian Zionist group, and several other settler supporters and organizations this month renewed a challenge to President Biden’s order in federal court, arguing that it was being applied unconstitutionally, targeting Jewish settlers and violating the rights of Americans exercising freedom of religion and speech in support of them. The case highlights the growing international controversy over West Bank settlement amid the war in the Gaza Strip and the great expectations of the settler movement and its supporters of another Trump presidency.
Persons: Biden, Donald J, Trump, White, Biden’s Organizations: West Bank, Texans, Zionist, West Locations: Israel, West Bank, Gaza
Neil Murray, a Workforce Innovation board member, discussed workspace purpose, leadership, and AI. This article is part of "Workforce Innovation," a series exploring the forces shaping enterprise transformation. "It is the most incredible time to work in this industry," said Neil Murray, the CEO of Work Dynamics at JLL. Why is that important, and how can leaders work toward that goal? In my business alone, the rapid adoption of AI tools in daily business use has surprised us all.
Persons: Neil Murray, , Murray, JLL's, It's, we've Organizations: Innovation, Service, Dynamics, Companies Locations: It's
Donald J. Trump’s social media company is considering developing a cryptocurrency payment service, according to a trademark application filed this week, the latest sign of the president-elect’s embrace of the crypto industry. Trump Media & Technology Group filed an application on Monday for a service called TruthFi, which it described as a platform for crypto payments, financial custody services and trading in digital assets. But the initiative appears to be a bid by Trump Media to diversify its business beyond Truth Social, a social media platform whose business relies on Mr. Trump to continuously post messages to his most loyal supporters. Any large-scale crypto project would most likely require Trump Media to acquire another firm, given that it has fewer than three dozen employees. This week, shares in the crypto trading platform Bakkt surged after The Financial Times reported that Trump Media was in talks to buy it.
Persons: Donald J, Trump Organizations: Trump Media & Technology Group, Trump Media, Truth, Financial Times
The attack happened in Kurram, a district in Khyber Pakhtunkhwa province where sectarian clashes between majority Sunni Muslims and minority Shiites have killed dozens of people in recent months. “I think other people were also firing at the convoy of vehicles from nearby open farm field,” he said. Ibne Ali Bangash, a relative of one of the victims, described the convoy attack as the saddest day in Kurram’s history. Dozens of people from both sides have been killed since July when a land dispute erupted in Kurram that later turned into general sectarian violence. Pakistan is tackling violence in the northwest and southwest, where militants and separatists often target police, troops and civilians.
Persons: Azmat Ali, Aftab Alam, Mohsin Naqvi, Shehbaz Sharif, Asif Ali Zardari, Sharif, Mir Hussain, , , Ibne Ali Bangash, Dilawar Hussain Organizations: Pakistan AP — Gunmen, Local, , Shop, Parachinar, Taliban, Baloch Liberation Army Locations: Peshawar, Pakistan, Pakistan’s restive, Kurram, Khyber Pakhtunkhwa, Parachinar, Kurram district, Pakistan's, Balochistan
AdvertisementThe US levied sanctions on Gazprombank, the last major Russian bank not yet blacklisted. Washington is clamping down on Gazprombank, Russia's last major lender operating free of US sanctions. Up until this point, Washington refrained from sanctions in order to maintain gas flows between Russia and remaining European customers. "Today's sanctions targeting Russia's largest remaining non-designated bank, as well as dozens of other financial institutions and officials in Russia, will further diminish and degrade Russia's war machine," Treasury Secretary Janet Yellen said. The so-called System for Transfer of Financial Messages is used to evade sanctions and fund Russia's war effort, the US said.
Persons: Russia's, Washington, Janet Yellen, OMV Organizations: Treasury, Treasury Department, Russia, Kremlin Locations: Russian, Russia, Europe, Washington, Ukraine, Austrian
New York CNN —Truth Social, the social media platform owned by President-elect Donald Trump, appears to be exploring a move into the crypto space. Trump Media & Technology Group filed a trademark application earlier this week for TruthFi, which it described as a cryptocurrency payment processing platform. It’s not clear how far along Trump Media is in evaluating a crypto payment service or whether the Trump-owned public company will ultimately launch such a platform. The trademark application illustrates the thorny conflict-of-interest issues raised by Trump’s election victory and his sprawling business empire. The trademark application for a crypto payment service comes just days after the Financial Times reported that Trump Media is in advanced talks to acquire crypto trading platform Bakkt.
Persons: Donald Trump, Trump, Gary Gensler, Gensler, Bakkt, Cantor Fitzgerald, Howard Lutnick, Lutnick Organizations: New, New York CNN, President, Trump Media & Technology Group, Trump Media, Trump, Securities and Exchange Commission, SEC, Financial Times, Liberty, Commerce Department Locations: New York, Washington, United States, Bakkt
Dollar pulls ahead as markets focus on Trump policies, Fed outlook
  + stars: | 2024-11-21 | by ( ) www.cnbc.com   time to read: +4 min
After stalling for three sessions, the greenback was back on the march higher, with investors lifting the dollar index measure against its key rivals closer to a one-year high of 107.07 hit last week. The dollar has rallied more than 2% since the Nov. 5 U.S. presidential election on bets Trump's policies could reignite inflation and temper the Fed's future rate cuts. The dollar index held steady at 106.56, up from a one-week nadir hit in the previous session. "The Russia-Ukraine conflict is heating up, which is further denting sentiment towards the euro alongside the prospects of trade tariffs," another "bullish cue" for the dollar index given the euro's heavy weighting, City Index's Simpson said. The dollar gave up some gains against the yen, down 0.33% at 154.91 yen , although the Japanese currency remained under pressure.
Persons: Donald Trump's, Matt Simpson, CME's, Michelle Bowman, Lisa Cook, Index's Simpson, Kazuo Ueda, Sterling, bitcoin, Bitcoin Organizations: U.S, Federal Reserve, Wednesday, Storm, ATACMS, Bank of Japan, Bank of England's Locations: Europe, China, Russia, Ukraine, Paris
Widespread rainfall of 3 to 5 inches with isolated totals of more than eight inches are possible across the region. Combined with rainfall from Wednesday, a potentially record-breaking 16 inches or more of rainfall is possible through Thursday. This low is expected to “bomb out” or undergo “bombogenesis,” which is the decrease in pressure of 24 millibars in 24 hours. Even without making landfall, bomb cyclones can be deadlyAlthough the first storm never made landfall, historic bomb cyclones can still bring devastating effects. At least two people were killed in Washington state from strong winds that pushed down fallen trees.
Persons: , we’ve, Mary Lou Pauly, Rob Corcoran’s, ” Corcoran, CNN’s Isaac Yee, Hanna Park, Sara Smart, Andy Rose, Mike Madrigal, Taylor Romine Organizations: CNN, , Weather, Associated Press, Authorities, Cal Fire, National Weather Service, Energy, Bellevue Fire Department, Puget Sound, Maple Valley , Washington . Puget Sound, Issaquah, Washington, Amtrak Locations: Northern California, Pacific, California, Sierra Nevada, Oregon, Pacific Northwest, Humboldt County, Seattle, Washington, Lynnwood, King, Bellevue, Maple Valley , Washington, Maple Valley, Vancouver, Portland, Hanna
CNN —Ukraine’s military has accused Russia of firing an intercontinental ballistic missile (ICBM) into its territory for the first time, marking what would be another significant escalation in the 1,000-day-old war. Despite Kyiv’s accusation, two Western officials said that the missile launched by Russia was a ballistic missile, but not an ICBM. Ukraine’s air force accused Russia of launching an intercontinental ballistic missile at Dnipro at around 5 a.m. local time, from the Astrakhan region of southern Russia. Alexander Nemenov/AFP/Getty Images/FileWhat is an intercontinental ballistic missile? An intercontinental ballistic missile (ICBM) is a long-range weapon that is fired into space and then releases a warhead or warheads that reenter the atmosphere to drop on their targets.
Persons: CNN —, Heorhii Tykhyi, , Volodymyr Zelensky, Vladimir Putin, ” Zelensky, Dmitry Peskov, Peskov, Joe Biden, Putin, Alexander Nemenov, Mykola Synelnykov, Serhiy Lysak Organizations: CNN, Ukraine’s Foreign Ministry, Russia’s Defense Ministry, Russia’s Defense, Victory Day, Getty, Center for Arms Control, Soviet Union, The, Patriot, Missile, Center for Strategic, International Studies, Congressional Research Service, Patriots Locations: Russia, Dnipro, Ukrainian, Ukraine, Astrakhan, Laos, British, Russian, Moscow, AFP, Soviet, States, Germany, Kyiv, Dnipropetrovsk, Donetsk
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