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☆ There's a lot of investor concerns for Q1 of next year, says RBC's Amy Wu Silverman
▼ + stars: | 2024-12-04 | 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 EmailThere's a lot of investor concerns for Q1 of next year, says RBC's Amy Wu SilvermanAmy Wu Silverman, RBC Capital Markets head of derivatives strategy, joins 'Squawk Box' to discuss the latest market trends, what options says about equities, state of the economy, the Fed's inflation fight, and more.

Persons: Amy Wu Silverman Amy Wu Silverman Organizations: RBC Capital Markets

☆ This women's retailer is a surprise winner of Black Friday, Telsey says
▼ + stars: | 2024-12-04 | by ( Alex Harring | ) www.cnbc.com time to read: +1 min

Victoria's Secret showed unexpected strength on Black Friday this year, according to retail analyst Dana Tesley. Victoria's Secret," the Telsey Advisory Group CEO said Tuesday on CNBC's " Money Movers ." "There were lines at Victoria's Secret stores around the country." Notably, Victoria's Secret brought its iconic fashion show back after a multiyear hiatus. VSCO YTD mountain Victoria's Secret, year to date Victoria's Secret shares have soared more than 57% this year, reversing course after two straight losing years.

Persons: Dana Tesley, Tesley, Hillary Super, LSEG, Ralph Lauren, Kohl's Organizations: Telsey, Super, Abercrombie, Fitch, Nike Locations: Ohio

☆ How Bangladesh’s Economy Was Siphoned Dry
▼ + stars: | 2024-12-04 | by ( Alex Travelli | Shayeza Walid | ) www.nytimes.com time to read: +1 min

The new governor of Bangladesh’s central bank, Ahsan Mansur, calculates that about $17 billion was siphoned from the country’s financial system in the 15 years before the government of Sheikh Hasina collapsed in August. Other economists guess that the true value looted during Ms. Hasina’s rule, before she fled the country, could exceed $30 billion. And they did incalculable damage to Bangladesh’s economy. “The highest level of political authority realized that the banks are the best place to rob,” said Mr. Mansur, an appointee of an interim government in Bangladesh. For an inside job, that meant taking control of the central bank and the ownership of a clutch of private banks and their boards of directors.

Persons: Ahsan Mansur, Sheikh Hasina, Hasina’s, Mansur, ” Locations: Bangladesh’s, Bangladesh

Brittany Howard lays out the ragged emotions of a crumbling relationship on “What Now”: numbness, mourning, second-guessing, guilt and furtive glimmers of relief. While the tracks are rooted in soul, rock, R&B, funk and disco, they turn familiar styles inside-out with targeted distortion and surreal, displaced mixes. The songs capture all the disorientation that comes with a life-changing decision. Vampire Weekend, ‘Only God Was Above Us’Vampire Weekend’s once-meticulous musical universe gets punctured by noise on “Only God Was Above Us.” Its fifth album grapples with how what used to be called indie-rock can face a new pop landscape, and how determined innovators can keep pushing themselves. The answers include history lessons, quasi-sequitur lyrics and constantly morphing studio arrangements — a running, enlightening battle between strict song structure and an unruly world.

Persons: Brittany Howard, Weekend’s, ”, —

☆ Wednesday, December 4, 2024: Cramer wants to use 'every opportunity' to buy more of this pharma stock
▼ + stars: | 2024-12-04 | by ( ) www.cnbc.com time to read: 1 min

Wednesday, December 4, 2024: Cramer wants to use 'every opportunity' to buy more of this pharma stockJim and Jeff discuss earnings for this enterprise software company. They also talk about the latest moves for this biopharmaceutical stock. Finally, they break down the moves of this budget retailer.

Persons: Cramer, Jeff

☆ Amazon Sued Over Slow Deliveries to Low-Income Areas
▼ + stars: | 2024-12-04 | by ( Cecilia Kang | More About Cecilia Kang | ) www.nytimes.com time to read: +1 min

The attorney general of the District of Columbia sued Amazon on Wednesday, accusing it of violating consumer protection laws by making slower deliveries to Prime members in historically lower-income neighborhoods. According to the lawsuit, Amazon has used third parties like United Parcel Service and the Postal Service to make Prime deliveries in those areas for the past two years. That resulted in slower deliveries than those made by Amazon’s own delivery drivers, who serve other Washington residents. Amazon “cannot covertly decide that a dollar in one ZIP code is worth less than a dollar in another,” Mr. Schwalb said in a statement. “We’re suing to stop this deceptive conduct and make sure District residents get what they’re paying for.”

Persons: Brian L, Schwalb, Mr, “ We’re, ” Organizations: District of Columbia, Amazon, Superior, United Parcel Service, Postal Service Locations: Washington

The lineup for DealBook Summit 2024On Wednesday, DealBook will be live and in person at our annual summit in New York. The DealBook team and reporters from The Times will be reporting live from the conference. Even if you are not with us, you can follow along here beginning around 8:30 a.m. Eastern. Here are the speakers in order of appearance (the conversations that will be livestreamed on NYTimes.com are noted in parentheses):Ken Griffin , the founder and C.E.O. of GoogleShawn Fain , the president of the United Auto Workers, and Sara Nelson , the international president of the Association of Flight Attendants, C.W.A., A.F.L.-C.I.O.

Persons: DealBook, Andrew, Ken Griffin, Citadel Sam Altman, Serena Williams, Serena Ventures Bill Clinton, ” Jerome Powell, Alex Cooper, David Ricks, Eli Lilly, Fatima Cody Stanford, Harvard Medical School Prince Harry, The Duke, Sussex, BetterUp Sundar Pichai, Shawn Fain, Sara Nelson, Jeff Bezos, Trump Organizations: DealBook, The, Citadel, Serena Ventures, “, Governors, Federal Reserve, Massachusetts General Hospital, Harvard Medical School Prince, Archewell Foundation, United Auto Workers, Association of Flight, Amazon Locations: New York, United States, Massachusetts, China, U.S, Washington, Hollywood

☆ Richmond Fed President Tom Barkin: Heading in the right direction 'on both sides of our mandate'
▼ + stars: | 2024-12-04 | 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 EmailRichmond Fed President Tom Barkin: Heading in the right direction 'on both sides of our mandate'Richmond Fed President Tom Barkin joins CNBC's Steve Liesman at the CNBC CFO Council Summit to discuss the state of the economy, the Fed's inflation fight, rate path outlook, and more.

Persons: Tom Barkin, Steve Liesman Organizations: Richmond Fed, CNBC

☆ UK, US clamp down on money laundering rings allegedly favored by Russian oligarchs and Western drug gangs
▼ + stars: | 2024-12-04 | by ( Sean Lyngaas | ) edition.cnn.com time to read: +5 min

CNN —UK and US authorities on Wednesday announced a major crackdown on a pair of billion-dollar money laundering rings that officials say has cleaned money for Russia’s elite, cybercriminals and drug-runners around the world. The two alleged money-laundering networks offered Russian elites a financial lifeline, UK investigators allege. The Treasury Department on Wednesday announced sanctions on alleged senior leaders of one of the laundering rings, which is known as TGR. Pullman Global Solutions LLC, a Wyoming based entity owned by Bradens, was also sanctioned, Treasury said. NCA officials allege that the Kremlin has directly benefited from some of the money laundering, which the officials say has been used to fund Russian espionage operations.

Persons: ” Will Lyne, NCA’s, ” Rob Jones, George Rossi, Elena Chirkinyan, Andrejs Bradens, Ekaterina Zhdanova, Matthew Miller Organizations: CNN —, Wednesday, US Treasury Department, CNN, Agency, Britain’s, Treasury Department, Pullman Global Solutions, Bradens, Treasury, Cybercriminals, South, State Department, University of Vermont Health Network, IRS Locations: France, Europe, Russia, Ukraine, Ukrainian, Russian, Latvian, Wyoming, Dubai, Dublin, South American, London

☆ My family goes on an evening walk every day. It's made the bedtime transition easier for all of us.
▼ + stars: | 2024-12-04 | by ( Katrina Donham | ) www.businessinsider.com time to read: +4 min

We started going on a walk with them every evening, and it helped so much. Adding a walk to our routine helps our family connect, and helps ease them into bedtime. That is until I began implementing a tried-and-true parenting hack in our evening routine: a change of scenery. I decided to re-commence our evening walks once power lines had been repaired and fallen trees removed, and as expected, there was some pushback from my preschoolers. Once our meal is in the oven or turned to simmer, I announce, "It's time for our evening walk!"

Persons: I'd, —, simmer, It's

☆ Snoop Dogg gave his daughter $1 million for her wedding—but says he'd spend 10% on the event and 'pocket' the rest
▼ + stars: | 2024-12-04 | by ( Judy Lagrou | In Judylagrou | ) www.cnbc.com time to read: +1 min

Snoop Dogg surprised his daughter, Cori Broadus, with a $1 million gift ahead of her upcoming wedding, the rapper said during a recent appearance on "The Jennifer Hudson Show." Snoop Dogg explained how he would take advantage of the gift if the roles were reversed. "If it was me, my wedding would have been $100 [thousand], and $900 [thousand] would have went in my pocket," he said. Although a seven-figure wedding gift isn't in the cards for most of us, Snoop Dogg's suggestion for handling a financial windfall — spending 10% on fun and saving 90% for the future — checks out, financial experts say. That goes for anyone who comes into any unexpected sum of money, she says, no matter the size of the windfall.

Persons: Snoop Dogg, Cori Broadus, Jennifer Hudson, Snoop, Maria Castillo Dominguez Organizations: Valoria Wealth Management

☆ Pete Buttigieg on Airlines, Passenger Protections and Travel Advice
▼ + stars: | 2024-12-04 | by ( Christine Chung | ) www.nytimes.com time to read: +1 min

Secretary of Transportation Pete Buttigieg has been at the helm of the nation’s transportation infrastructure — including its aviation system — during a tumultuous four years. Then, as air travel dramatically rebounded, airline policies, including cancellations and the perks included in a ticket, changed. Yet passengers got new rights, with Mr. Buttigieg carving out a stance of aggressively holding the airlines accountable. As Mr. Buttigieg leaves office, there are rules that haven’t gone into effect. And the next transportation secretary may decline to pursue ongoing investigations into frequent flier programs and Delta’s handling of the CrowdStrike outage.

Persons: Transportation Pete Buttigieg, Buttigieg Organizations: Transportation, Spirit Airlines, Southwest Airlines, Delta Air Lines, Transportation Security Administration Locations: United States

☆ Contentious budget plans are wreaking political havoc across Europe
▼ + stars: | 2024-12-04 | by ( Leonie Kidd | Head Of Tv News | ) www.cnbc.com time to read: +1 min

France's Prime Minister Michel Barnier ponders during a session of questions to the government at the National Assembly in Paris, on December 3, 2024. Meanwhile, the German government is already on track for a snap election early next year, with its own no-confidence vote set to take place in the next few weeks. Even in the U.K., Prime Minister Kier Starmer and Finance Minister Rachel Reeves are under pressure just five months into the job, with disputes mainly centered around — you guessed it — the budget. watch nowIn the euro zone, post-pandemic fiscal rules are putting pressure on even the most hawkish EU members. However, now Germany, Austria and the Netherlands are also falling foul of the EU's deficit rules that nations need to keep a 3% deficit ratio and a 60% debt ratio relative to their GDP.

Persons: Michel Barnier, Julien De Rosa, Kier Starmer, Rachel Reeves, Barnier's Organizations: France's, National Assembly, Afp, Getty, EU, European Commission Locations: Paris, France, Italy, Greece, Germany, Austria, Netherlands

☆ Hiccups in ETFs tracking MicroStrategy occurring as bull market fuels trading boom in single-stock funds
▼ + stars: | 2024-12-04 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

That could be an ominous sign for the market, and for the funds themselves as glitches emerge. Leveraged single stock ETFs hit a record of $17 billion of trading volume on Nov. 21, according Strategas ETF strategist Todd Sohn. Several issuers have launched these funds in recent years, typically tracking stocks with high volatility like Nvidia , Tesla and MicroStrategy . The volume would seem more likely to spike during downturns in the market, when general volatility rises, not well into a bull market, Sohn said. Similarly, Morningstar senior analyst Daniel Sotiroff told CNBC the rise of these types of leveraged funds funds is indicative of a "gambling mentality" in the market and that investors would be better off avoiding them altogether.

Persons: Todd Sohn, Sohn, Daniel Sotiroff Organizations: Tesla, Morningstar, CNBC Locations: U.S

☆ Consumers should prepare for Trump tariffs to usher in new round of price increases, says Richmond Fed president Tom Barkin
▼ + stars: | 2024-12-04 | by ( Ian Thomas | ) www.cnbc.com time to read: +5 min

"What we're seeing, I think very strongly now, is [that] consumers are frustrated — they're frustrated by high prices." During the more-than-two-year stretch of inflation that was born out of pandemic shortages and supply chain issues and continued as companies raised prices, consumers largely stayed resilient and continued to spend. Barkin said that in 2018 and 2019 he met with companies and asked if they were going to pass on Trump tariff-driven cost increases to consumers. Navarro was previously a top trade aide for Trump during his first term a and major proponent of tariffs. So, it should do something to increase prices."

Persons: Barkin, CNBC's Steve Liesman, — they're, Trump, Tom Barkin, John David Rainey, Trump's, Rainey, you've, Brandon Sink, Liesman, Peter Navarro, Navarro, that's, it's Organizations: CNBC, Summit, Washington , D.C, Target, Walmart, Federal Reserve Bank of Richmond, Trump, Depot, Trade, Trump Manufacturing, Richmond Fed Locations: Washington ,, Trump, China

☆ Lawrence Hecker: Ex-New Orleans priest pleads guilty to rape and kidnapping in sexual abuse case ahead of trial
▼ + stars: | 2024-12-04 | by ( Associated Press | ) edition.cnn.com time to read: +2 min

New Orleans AP —A disgraced 93-year-old New Orleans priest pleaded guilty Tuesday to charges involving the sexual assault of a teenage boy in 1975. Lawrence Hecker, who left the ministry in 2002, had been scheduled to stand trial Tuesday. The case was reassigned to Campbell, who ordered Hecker to undergo routine physical and psychological evaluations before the trial. The alleged survivor in the criminal case against Hecker is among those who have filed abuse claims against the archdiocese in its long-running bankruptcy case. To date, more than 600 alleged abuse survivors have filed claims against the archdiocese.

Persons: Lawrence Hecker, Nandi, Hecker, Campbell, Ben Willard, Bobby Hjortsberg, “, ” Organizations: New, New Orleans AP, Times, New Orleans Advocate, Archdiocese Locations: New Orleans, Orleans, Orleans Parish, “

☆ Generation Credit Card: Gen Z Racks up High Levels of Credit Card Debt
▼ + stars: | 2024-12-04 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +11 min

Danikowski and many other Gen Zers are rapidly building up credit-card debt. Alev told me Credit Karma data shows Gen Zers are acquiring debt at a faster rate than any other age group. While Gen Zers' overall debt levels are still lower than older generations', young consumers' early reliance on credit cards puts their financial futures at risk. Part of Gen Zers' interest in credit cards is simply the march of technological progress. Struggling to get by, William primarily used his credit card for necessities like groceries, bills, and car maintenance.

Persons: Timothy Danikowski, Danikowski, millennials, Zers, Alev, Courtney Alev, Gen Zers, they've, Karma, Gen Xers, Nico, He's, Emmaline, William, Erin Snodgrass Organizations: Credit, Young, American Express, Federal Reserve Bank of New, Business Locations: Seattle, millennials, Chicago, North Carolina, Colorado, Federal Reserve Bank of New York, Europe, New York

DealBook, founded in 2001 by the New York Times columnist Andrew Ross Sorkin, breaks down the most important business news of the day for leaders on Wall Street and in Washington. Mr. Sorkin, who began writing for The Times when he was still in high school, has broken major stories including Chase’s acquisition of J.P. Morgan and Hewlett-Packard’s takeover of Compaq. In February, he broke the news that Adam Neuman, the co-founder of WeWork, was trying to buy the company out of bankruptcy. Mr. Sorkin is the author of the book “Too Big to Fail,” a chronicle of the 2008 global financial crisis. He has won two Gerald Loeb Awards, a marquee prize in business journalism, and helped create the Showtime television series “Billions.” He is also a an anchor on the CNBC financial news program “Squawk Box.”

Persons: DealBook, Andrew Ross Sorkin, Elon Musk, Jensen Huang, Sam Bankman, Fried, Kamala Harris, Benjamin Netanyahu, Israel, Sorkin, Morgan, Adam Neuman, Gerald Loeb, ” Organizations: New York Times, Wall, Elon, Nvidia, The Times, Hewlett, Packard’s, Compaq, Showtime, CNBC Locations: Washington

☆ Lily Yohannes: The making of USWNT’s emerging teenage star
▼ + stars: | 2024-12-04 | by ( Ben Church | ) edition.cnn.com time to read: +10 min

Considered one of most exciting talents in the women’s game, she is already a regular in Ajax’s first-team and is making waves on the international scene. But her rise to the top of the women’s game has been no accident, and it’s only just getting started. Speaking to CNN Sport, her father recalls Yohannes playing soccer with her brothers in the basement of the house, which he had converted into a small pitch with goals at either side. After joining the club’s academy, she worked up the ranks and earned her first contract with the senior women’s team in 2023. Emerging at AjaxDuring her first season with the senior team, Yohannes struck up a close bond with teammate Ashleigh Weerden – who has since signed for English side Crystal Palace.

Persons: Lily Yohannes, Ajax’s, Yohannes, Daniel ., Daniel Yohannes Yohannes, Yohannes ’, –, “, “ I’m, ”, initally, Johan Cruyff, Dennis Jullens, ” Jullens, Lily, Daniel Yohannes WV, Ajax –, Ashleigh Weerden –, Weerden, you’re, she’s, ” Weerden, She’s, Weerdan, “ She’s, USWNT, ” Lily Yohannes, Gerrit Van Keulen, Emma Hayes, Hayes, Daniel, “ We’re Organizations: CNN, US, National, CNN Sport, Loudoun, Loudoun County FC's, Ivory Coast, of Nations, Ajax, Ajax – it’s, Oranje, South, US Soccer, UEFA Women's, League, Getty, England Locations: Netherlands, Virginia, Loudoun County, Ethiopia, Europe, Amsterdam, duals, South Korea, United States

☆ Iran passes controversial ‘chastity’ law imposing even harsher dress restrictions. The president doesn’t like it
▼ + stars: | 2024-12-04 | by ( Cnn Staff | ) edition.cnn.com time to read: +6 min

CNN —Iran’s parliament has enacted a harsh new modesty law, significantly tightening existing dress restrictions that have already fueled nationwide protests and posed a serious challenge to regime stability. “In my opinion the hijab law, which I have to implement, is vague. It defines improper dress in various ways, ranging from nudity and dressing immodestly to wearing the hijab incorrectly. The law also introduces a system of fines and restrictions with financial penalties, even for initial offenses. While the harsher penalties have caused concern for Iranians, a particularly controversial aspect of the legislation is expanded surveillance.

Persons: CNN —, Masoud Pezeshkian, “, ”, Sina Toossi, Ebrahim Raisi, Negar Mortazavi, Pezeshkian, Mortazavi Organizations: CNN, Guardian Council, International, United Nations, Guardian, Supreme National Security Council Locations: Washington, DC, Iran

☆ UnitedHealth cancels investor day after reports of executive shot in Manhattan
▼ + stars: | 2024-12-04 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUnitedHealth cancels investor day after reports of executive shot in ManhattanCNBC's Bertha Coombs joins 'Squawk on the Street' with the latest news.

Persons: Bertha Coombs Locations: Manhattan

☆ Emphasize the centrality of energy security, says U.S. energy official
▼ + stars: | 2024-12-04 | 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 EmailEmphasize the centrality of energy security, says U.S. energy officialGeoffrey Pyatt, U.S. assistant secretary of state for energy resources, discusses sanctions to Russia, the need to diversify energy supplies into the U.S., and what he hopes President-elect Donald Trump's administration will achieve in the next mandate.

Persons: Geoffrey Pyatt, Donald Trump's Locations: U.S, Russia

☆ How to survive hours of small talk at your office holiday party, from a workplace wellness expert
▼ + stars: | 2024-12-04 | by ( Jennifer Liu | ) www.cnbc.com time to read: +2 min

Office holiday parties can be a landmine for awkward encounters. Even the most extroverted among us might feel hesitant to attend a work holiday event, says Gloria Chan Packer, a workplace mental wellness expert and founder of Recalibrate. That said, "I think generally, there's value to showing face and attending holiday parties," Packer adds, "because it's an opportunity to engage with your fellow co-workers." Here, she shares her top tips to making the most of an office holiday gathering — including planning your exit strategy early on. with more open-ended and casual topics that can help you connect: "What's one of your favorite holiday traditions?"

Persons: Gloria Chan Packer, Packer

☆ Malek: Yesterday was a bit of a wake-up call... there could definitely be some big implications.
▼ + stars: | 2024-12-04 | 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 EmailMalek: Yesterday was a bit of a wake-up call... there could definitely be some big implications. Mark Malek, Chief Investment Officer at Siebert Financial, discusses the impact of political tensions in South Korea and France on global investing, noting potential supply chain disruptions. He highlights the strong U.S. dollar's effect on European markets and the challenges of political uncertainty in France.

Persons: Email Malek, Mark Malek Organizations: Siebert Financial Locations: South Korea, France

☆ Little hope of French deficit falling below 5%, fund manager says
▼ + stars: | 2024-12-04 | 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 EmailLittle hope of French deficit falling below 5%, fund manager saysCarmignac's Fixed Income Fund Manager Marie-Anne Allier says France not having a government would be less of a concern than a budget not being passed, as Prime Minister Michel Barnier prepares for a vote of no confidence.

Persons: Marie, Anne Allier, Michel Barnier Locations: France

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