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Gold heads for second weekly fall; focus on U.S. payrolls data
  + stars: | 2024-12-06 | by ( ) www.cnbc.com   time to read: +2 min
Gold U.S. dollar bullion coins are seen in this photo illustration taken in Moscow, Russia, August 4, 2017. Gold prices edged higher on Friday but headed for a second straight week of decline, while market participants braced for the U.S. payrolls data that is expected to provide cues on the interest rate cut trajectory. Spot gold rose 0.3% to $2,638.66 per ounce by 0346 GMT after hitting its lowest since Nov. 26 earlier in the session. U.S. gold futures rose 0.5% to $2,661.00. Both metals are set for second straight weekly losses.
Persons: Jigar Trivedi, Jerome Powell Organizations: U.S, Reliance Securities Locations: Moscow, Russia, U.S
London CNN —Catherine, Princess of Wales has penned a moving letter about love and empathy to those attending her “Together At Christmas” carol service at Westminster Abbey on Friday and 15 regional services around the United Kingdom this month. An illustration features a group of people embracing each other as they stroll toward Westminster Abbey in the snow. The Prince of Wales and the Olympic gold medal swimmer Adam Peaty will also deliver readings. Prince William, Catherine, Princess of Wales and Sophie, Duchess of Edinburgh take part in the "Together At Christmas" carol concert at Westminster Abbey in London in 2021. Yui Mok/WPA Pool/Getty ImagesThe Westminster Abbey choir will sing carols, and there will be musical performances by guests including Olivia Dean, Gregory Porter, Paloma Faith and pianist Rosey Chan.
Persons: London CNN — Catherine, Princess, Wales, Kate, “ Catherine, , Charlie Mackesy, Sophie Okonedo, Michelle Dockery, Richard E, Grant, Prince of Wales, Adam Peaty, Lindsey Burrow, Rob Burrow, Paralympians Lizzi Jordan, Danni Khan, Chris Hoy, Prince William, Catherine , Princess of Wales, Sophie, Duchess, Yui Mok, Westminster, Olivia Dean, Gregory Porter, Paloma Faith, Rosey Chan, Prince, ” Kate Organizations: CNN’s Royal, London CNN, Westminster Abbey, of, Abbey Locations: London, United Kingdom, British, Kensington, Edinburgh, Wales, Westminster, Southport, Qatar
AdvertisementSouth Korean and Japanese arms dealers are growing almost on pace with Russia's top defense firms. The top defense manufacturing firms in both South Korea and Japan saw growth rates of nearly 40% in 2023, nearly on pace with that of the top arms dealers in Russia, per a new report. It brought in $5.71 billion in arms revenue in 2023, up 52.7% from $3.74 billion in 2022, per SIPRI. AdvertisementRostec's arms revenue grew 49.3% in 2023 to $21.7 billion, up from $14.5 billion in 2022, per SIPRI. It earned $3.7 billion in arms revenue in 2023, just 1.9% up from 2022.
Persons: , Xiao Liang, it's, Liang, Hanwha, Artur Widak, SIPRI Organizations: Stockholm International Peace Research Institute, Japan South, South, Hanwha, Hyundai Rotem, DSME, Mitsubishi Heavy Industries, Fujitsu, Tactical Missiles Corporation, United Shipbuilding Corp Locations: South Korea, Japan, Russia, Stockholm, Korea, Ukraine, Russian, Europe, Poland, Seoul
CNN —Heading into the 2024 Formula One season, many fans feared it would be more of the same. With the final race of the season taking place this Sunday in Abu Dhabi, here’s a look back at five moments to remember from a breathtaking F1 season. Joe Klamar/AFP/Getty ImagesThe Austrian Grand Prix turned out to be a flashpoint in the championship battle. The Australian took his first career Grand Prix victory in Hungary earlier this year, though it was not without controversy. The grid says goodbye to Danny RicDaniel Ricciardo climbs into the cockpit of his VCARB 01 for the final time at the Singapore Grand Prix.
Persons: Max Verstappen, Red Bull, Verstappen, , Miguel Schincariol, Lando Norris, Lewis Hamilton, Sergio Pérez, hasn’t, Norris, “ It’s, , couldn’t, Kelly Piquet –, Nelson Piquet –, Austria Verstappen, Joe Klamar, Mercedes ’ George Russell, Norris ’, Oscar Piastri, Ferrari’s Carlos Sainz, ” Norris, ” Verstappen, It’s, ” Hamilton, Silverstone, Mark Thompson, Hamilton, Mercedes, McLaren, “ There’s, Ferenc Isza, Piastri, Will Joseph, Danny Ric Daniel Ricciardo, Rudy Carezzevoli, Daniel Ricciardo, Liam Lawson, Ricciardo, Lawson, , don’t, you’re Organizations: CNN, Verstappen, Constructors, Prix, São Paulo, Getty, McLaren, Brit, Sky Sports, Hamilton, Silverstone, Ferrari, Silver Arrows, Team, Australian, Singapore, Red Bull, RB, CNN Sport, Formula Locations: Abu Dhabi, Brazil, AFP, Spain, Las Vegas, Sin City, Austria, Austrian, Hamilton, British, Hungary, Hungarian, Singapore, fermé
AdvertisementThe Russian embassy in Syria has advised Russian citizens to leave the country. It cited the "difficult military and political situation in Syria," a Russian ally. The Russian embassy in Syria has advised its citizens to leave the country "in the light of the difficult military and political situation." In a post on Telegram, the embassy said Russian nationals should leave on commercial flights through operating airports, adding that the embassy continues to operate "as usual." "Without a strong Russian military base in Syria, all of Putin's plans collapse," Riboua said.
Persons: Bashar Assad's, Hayat, Natasha Hall, Zineb, Putin, Riboua, Assad, Aron Lund, Lund Organizations: Syrian, Middle, Center for Strategic, International Studies, Hudson Institute's Center for Peace, Security, Swedish Defence Research Agency Locations: Russian, Syria, Homs, The Russian, Aleppo, Hama, Damascus, Russia, Moscow, Africa, Ukraine, Syria's, Iran, Iraq, Tehran, East, Lebanon, Israel
CNN —Democrats emerged from their bruising election losses in November with a decidedly mixed financial picture, new federal filings show. Vice President Kamala Harris’ defunct campaign, meanwhile, had just $1.8 million remaining in its bank accounts after spending more than $1 billion in a failed effort to defeat Republican Donald Trump. The Harris campaign reported no debts. But after record-breaking fundraising, Harris’ campaign reported $1.82 million in cash on hand as of November 25. In the weeks since the election, Democrats have continued to bombard supporters with fundraising appeals, seeking more contributions.
Persons: Kamala Harris ’, Republican Donald Trump, Harris, Harris ’, Chauncey McLean Organizations: CNN —, Democratic National Committee, Republican, Federal, White, Senate, FEC, Democratic, , Trump, DNC
Friday, December 6, 2024: Cramer says this beer maker's stock is 'primed to go much higher'Go behind the scenes with Jim Cramer and Jeff Marks of the CNBC Investing Club as they talk candidly about the market's biggest headlines, analyst calls and holdings in the Charitable Trust—and see up close how they decide when, and if, to take action on stocks.
Persons: Cramer, Jim Cramer, Jeff Marks Organizations: CNBC, Trust
Washington CNN —The family of Austin Tice, a freelance journalist held in Syria since 2012, said they have new confirmation that he remains alive and well. A source familiar with what the Biden administration knows says there is no change in the administration’s assessment of Austin Tice, and they have no new information. Bill McCarren, director of the Press Freedom Center at the National Press Club, emphatically insisted the Biden administration is “lying” about what they know about Tice. “Our larger question was, how can we use this disruption to leverage something for Austin during this time?” she said. Austin’s father, Marc Tice, said that the family met with the State Department on Thursday, but that the meeting was not productive.
Persons: Austin Tice, Biden, Tice, , , Debra Tice, Karine Jean, Pierre, Jean, Bill McCarren, Roger Carstens, Bashar Assad’s, Jacob Tice, Jake Sullivan, Assad, Sullivan, ” Jacob Tice, “ Sullivan, Harris, ” Debra Tice, Meagan Tice, Austin’s, Marc Tice, ” Marc Tice, Donald Trump, Austin, Naomi Tice, CNN’s Jennifer Hansler, Samantha Waldenberg Organizations: Washington CNN, National Press, White, Press, National Press Club, State Department, Austin, , State Department’s, White House, National Security, Biden, Harris Administration Locations: Syria, Damascus, Austin, Aleppo,
Tarrio said he knew there was an investigation into the burning of the Black Lives Matter banner and planned to get arrested to draw attention to himself and the Proud Boys. “I confessed” and challenged law enforcement to “come arrest me,” Tarrio testified, denying it was a hate crime. Tarrio testified that Lamond was not a member of the Proud Boys but that he couldn’t remember whether Lamond told him he supported the group. Tarrio also said he would not speak about the Proud Boys’ being in Washington on Jan. 6. Tarrio eventually conceded that he was sure Proud Boys were in Washington and confirmed that he had been convicted of seditious conspiracy.
Persons: WASHINGTON —, Enrique Tarrio, Tarrio, Shane Lamond, Lamond, , Elizabeth Hadley, Joe Biden’s, Ronald Reagan, , messaged, , ” Tarrio, Amy Berman Jackson, “ I’m, It’s, ” Jackson, Jackson, “ We’ll, “ You’re Organizations: WASHINGTON, Proud Boys, D.C, Prosecutors, FBI, Boys, Washington, Trump, Ronald Reagan Washington National Airport, of Prisons, Union Station Locations: Washington, Miami, Ronald Reagan Washington, Virginia, Alexandria , Virginia, Tarrio, U.S, Union
Brigham Young University quarterback Jake Retzlaff, the first Jewish quarterback in program history, has signed an NIL (Name, Image and Likeness) sponsorship with the kosher food company Manischewitz, it announced Thursday. Retzlaff, who has adopted the nickname “BYJew,” is one of only three Jewish students at the Latter-day Saints university. Manischewitz said it will produce limited-edition Jake Retzlaff Matzo Boxes to “celebrate the intersection of athletic achievement and cultural heritage.” Retzlaff will also share his story and connection to Manischewitz in video content on social media. Jake Retzlaff has thrown for 2,796 yards, 20 touchdowns and 10 interceptions. This partnership represents everything the brand aspires to be—celebrating our heritage and bringing awareness to Jewish food and excellence.”
Persons: Jake Retzlaff, Retzlaff, BYJew, , I’m, Manischewitz, Jake, Shani Seidman Organizations: Brigham Young University, Cougars, BYU, , Getty
The price of bitcoin soared past the long-awaited $100,000 benchmark for the first time ever late Wednesday evening. The appointment could fulfill Trump’s most important campaign promise to the crypto industry: to replace Gary Gensler, who has become something of a villain in crypto for the agency’s regulation-by-enforcement approach to the industry under his leadership. In recent years, however, the industry has demonstrated the value of bitcoin to much of the institutional investing world. Bitcoin had been widely expected to reach the landmark $100,000 level since the U.S. presidential election. However, excited investors sent bitcoin closer to this mark much sooner than initially anticipated; it rose as high as $99,849.99 on Nov. 22.
Persons: cryptocurrency, Donald Trump, Paul Atkins, Gary Gensler, Trump, bitcoiners, , , bitcoin, Satoshi Nakamoto, bitcoin’s, Rick Wurster, Charles Schwab, Jerome Powell, Mike Novogratz, Bitcoin, ” Novogratz, it’ll, ” Bitcoin Organizations: Metrics, Securities and Exchange Commission, BlackRock, Fidelity, Galaxy Digital, CNBC Locations: U.S
In today’s edition, senior national political reporter chats with the new 35-year-old chair of the Congressional Progressive Caucus about where Democrats went wrong in the 2024 election. We need to re-emphasize core economic issues every time some of these cultural war issues are brought up,” Casar said. Casar, 35, from Austin, ran unopposed for progressive chair to take the reins from Rep. Pramila Jayapal, D-Wash., who is term-limited. He said the solution is to lead without getting too far ahead of where that voter is on social issues. Read more → 💰 NFT party : Trump is claiming credit for Bitcoin eclipsing $100,000.
Persons: Jonathan Allen, Pete Hegseth, , Sahil Kapur, Greg Casar of, Casar, Donald Trump, Trump, Kamala Harris, ” Casar, , Pramila Jayapal, Harris ’, Harris, ” Read, Pete Hegseth’s, Jonathan Allen It’s, There’s, Sen, John Tower, He’s, Hegseth, doesn’t, Matt Gaetz’s, Donald Trump’s, he’s, 🗞️, Caro, tran, eli, Su Organizations: NBC, White House, Capitol, Congressional Progressive Caucus, Democratic Party, NBC News, Republican, Republicans, Rep, Austin City, Democratic, Senate, Pentagon, Senators, Justice Department, Hegseth Locations: Greg Casar of Texas, Austin, Mexico, Washington
WASHINGTON — Tech billionaire Elon Musk and conservative activist Vivek Ramaswamy on Thursday began in-person discussions with congressional Republicans about ways they could slash federal spending and regulations once President-elect Donald Trump takes office. Musk and Ramaswamy traveled to Capitol Hill for a series of meetings with House and Senate members. Musk has repeatedly faced questions about potential conflicts of interest in advising on the federal budget. Musk and Ramaswamy are seeking individuals with business backgrounds with an interest in “gutting bureaucracy” to fill those roles. Musk has shown a willingness to consider cuts to some of the federal government’s most popular programs including Social Security.
Persons: Elon Musk, Vivek Ramaswamy, Donald Trump, Trump, Ramaswamy, Mike Johnson, Musk, Sen, Thom Tillis, ” Tillis, Tillis, I’d, , , Mike Lee, John Thune, Eric Schmitt, Shelley Moore Capito, Elon, Vivek, Ro Khanna, Harry Truman, Brendan Boyle, … Trump, ” Boyle, Obama, DOGE, Zach Mallove, Patty Murray, Mallove Organizations: WASHINGTON — Tech, Ramaswamy, Capitol, Department of Government Efficiency, Social Security, SpaceX, Trump White House, Trump, PAC, America PAC, Federal, Commission, Republican, Defense Department, NASA, Rivian, Peterson Foundation, Capitol Hill, Management, NBC News, Republicans, Truman, GOP, “ Republicans, , Locations: Trump, Pennsylvania, U.S, Utah
For me, the answer has always — or at least for the last five years — been Uniqlo’s Colorful 50 Socks. SKIP AHEAD What are Uniqlo’s Colorful 50 Socks? | How I wear Uniqlo’s colorful 50 Socks | Why I love Uniqlo’s Colorful 50 Socks | The bottom line | Why trust NBC Select? Durable after many wears and washesUniqlo’s Colorful 50 Socks have a secure and flexible band that isn’t super tight or uncomfortable. For this article, I wrote about Uniqlo’s Colorful 50 Socks, which I’ve worn daily for the past five years.
Persons: , I’m, They’re, Cory Fernandez, Cory Fernandez Uniqlo’s, I’ve, they’ve, TikTok Organizations: NBC, Adidas, Home, Facebook, Twitter Locations: Uniqlo
The Summary NASA's next Artemis mission, which will send four astronauts around the moon, is delayed until 2026, the agency announced. The delay also pushes back the expected timeline of a subsequent Artemis mission to land astronauts on the lunar surface. NASA Administrator Bill Nelson said that under the new timeline, the U.S. will still be on track to put astronauts on the moon before China does. In January, NASA said it would launch the Artemis II mission in September 2025 instead of late 2024. Extensive testing revealed that the heat shield likely eroded because of the specific way that the Orion capsule returned to Earth.
Persons: Bill Nelson, Artemis, Nelson, ” Nelson, Pam Melroy, Orion, Melroy, , Donald Trump's, ” Melroy Organizations: NASA, Artemis, Orion, Star, White Locations: U.S, China, United States
More than two dozen transgender people and their allies staged a sit-in at a U.S. Capitol bathroom Thursday to protest a proposed policy that would prohibit the country’s first openly trans member of Congress from using the women’s restrooms in the building. More than two dozen transgender people and their allies staged a sit-in at a U.S. Capitol bathroom on Thursday. This is about safety for anyone, for women or otherwise.”Following the protest, Mace shared a video on social media addressing the demonstrators by calling them an anti-trans slur. Standing outside of what appeared to be a Capitol police station, she then read the protesters their Miranda rights using a megaphone. We didn’t start this fight, but we are together now.”McBride did not immediately return a request for comment about the protest.
Persons: Brianna Burch, Mike Johnson’s, Nancy Mace, Sarah McBride, Abby Stein Mace’s, , McBride, Chelsea Manning, Raquel Willis, , Johnson, ” Abby Stein, ” Stein, “ We’re, Mace, Miranda, Willis, ” Manning, “ I’m, ” McBride, Speaker Johnson, I’ve Organizations: U.S, Capitol, Cannon, U.S . Capitol, D.C, U.S . Capitol Police, Gender Liberation Movement, NBC News, Democratic Party, Gender Liberation, Ad, Democratic Locations: Washington, United States
“Then people wonder why a health insurance CEO was gunned down … because insurance companies pull this garbage,” one X user wrote. In an interview, he said he was not condoning the killing, but calling attention to populist anger about the private health insurance system. “My take is that there is a great deal of populist anger about the way corporations in private health insurance are able to just abuse people and ruin people’s lives and in the case of health insurance even potentially leave them to die with impunity and for profit,” Chow said. “The health care sector specifically has seen a pretty significant increase in violence, whether that be physical violence, threats, et cetera. “Two things can be true: The health insurance system is broken and must be fixed, and also gun violence and murder is wrong.”
Persons: , Taylor Lorenz, Brian Thompson, Lorenz, Alex Goldenberg, “ We’ve, Tobita Chow, normie, MAGA, Thompson, BCBS, Spencer Platt, , you’re, ” Lorenz, Chow, ” Chow, UnitedHealthcare, Drew, It’s, I’ve, hasn’t, Shannon Watts, Watts Organizations: New York Times, Washington Post, Research, Rutgers University, Rutgers, Police, normie Dems, United, Facebook, UnitedHealth Group, NBC News, The New York Times, Vox Media, United Healthcare, TikTok, UnitedHealthcare Locations: Manhattan, Connecticut , New York, Missouri, Hilton, midtown Manhattan, glioblastoma
After 22 games last season, Los Angeles was 13-9, with a -0.8 net rating, 21st in the NBA. After 22 games this season, the Lakers are 12-10, with a -4.7 net rating, 23rd in the NBA. Los Angeles does neither. For as flawed as the Los Angeles roster has been ever since winning a championship in 2020, LeBron and AD have often been the saving grace. But Los Angeles not being able to beat opponents with both of them on the floor is a massive red flag.
Persons: J.J, Redick, hasn’t, there’s, LeBron James, Anthony Davis, that’s, Davis, He’s, James, It’s, “ We’re, ” Redick, Organizations: Los Angeles Lakers, Lakers, Miami Heat, NBA, , Los Angeles Locations: Los Angeles, Angeles, Miami
After nearly two years of friendship bracelets and sparkly bodysuits, Taylor Swift’s record-shattering Eras Tour is finally coming to a close. Her “Taylor Swift: The Eras Tour” movie, released in October, became the highest-grossing domestic concert film ever by the end of its opening weekend in North America. Starting in Arizona, the 2023 Eras Tour traversed a total of 20 cities across the United States over about five months. Tragedy briefly struck the Eras Tour when a 23-year-old fan died last year at her show in Rio de Janeiro amid extreme temperatures. The rumor mill has churned nonstop throughout the Eras Tour, and Swift’s final show is no exception.
Persons: bodysuits, Taylor, Swift, Taylor Swift, snagged Swift, Swift’s, Concertgoers, , Sebastien St, Jean, Chris May, “ Taylor Swift, there’s Organizations: Federal Reserve, Poets Department, , showtime, Canada, Canada Border Services Agency, NBC News, Agency, Getty, Canadian Press Locations: Vancouver , British Columbia, North America, Arizona, United States, Mexico, Argentina, Brazil, Rio de Janeiro, Japan, Australia, Singapore, Europe, France, Sweden, Portugal, Spain, Ireland, Netherlands, Switzerland, Italy, Germany, Poland, England, Scotland, Wales, United Kingdom, Vienna, Florida , Louisiana, Indiana, Toronto, Vancouver, Canada
Nothing chases away the chill like a cozy bowl of soup, especially one that’s made with plenty of good-for-you ingredients. Whether you’re craving chicken noodle, minestrone or creamy broccoli Cheddar, you’ll find all the recipes you need right here. ), it’s somewhere between a soup and a pasta, bringing the best qualities of both to one bowl. Matt Armendariz/Food NetworkGet the RecipeGrated Pasta Chicken SoupCozy up to a bowl of this easy chicken soup filled with fresh homemade egg noodles. The key is to make a quick 5-ingredient pasta dough and then simply grate it directly into store-bought chicken broth using a box grater.
Persons: Matt Armendariz, Teri Lyn Fisher, Tara Donne Organizations: Food
Instead, Casar said Democrats should change course by redirecting such attacks and accusing the GOP of fueling culture wars to district voters from their agenda of helping the rich get richer. We need to re-emphasize core economic issues every time some of these cultural war issues are brought up,” Casar said. “The Democratic Party, at its best, can hold people or can have inside of its tent people across geography, across race and across ideology. “I think we should lead the country, but we should never be more than an arm’s length ahead,” Casar said. “It’s less of a left-right fight and more of a getting back to a Democratic Party that’s for everyday people, no longer being seen as preachy or disconnected,” Casar said.
Persons: WASHINGTON, Greg Casar of, Casar, Donald Trump, Trump, Kamala Harris, ” Casar, , , Pramila Jayapal, Harris ’, Harris, , Joe Biden, Biden Organizations: Democratic Party, Congressional Progressive Caucus, NBC News, Republican, Republicans, Republican Party, Rep, Austin City, Democratic Locations: Greg Casar of Texas, Wall, Austin, Mexico, Texas
The National Tsunami Warning Center issued a warning after a powerful 7.0 magnitude earthquake struck off the coast of Northern California on Thursday. Nearly 5 million people are under that warning from Davenport, California, up to Douglas/Lane Line, Oregon, the agency said. Long said the reason for that delay — between the earthquake and potential tsunami impacts — is because earthquake waves travel faster. A tsunami wave “in the open ocean tends to travel about as fast as a jet plane flies, whereas earthquake waves travel much faster,” she said. That delay means it is easier for experts to issue tsunami warnings, Long said.
Persons: ” Maureen Long, ” Long, Long Organizations: Yale University, Tsunami Warning Locations: California, Oregon, Northern California, Davenport , California, Douglas, Lane, , Oregon, San Francisco Bay, Eureka, Fort Bragg, Crescent City , California
The Summary Global temperatures in the last two years have been even higher than climate scientists expected. A new study offers a possible reason why: Cloud cover has decreased. If the reductions in low cloud cover aren’t a result of chance, it likely means Earth is warming even faster than scientists thought. One option is that a natural process is temporarily diverging from normal, causing a reduction in cloud cover. Still, many questions remain, said Zeke Hausfather, the climate research lead at the finance company Stripe and a research scientist at Berkeley Earth.
Persons: Niño, , Helge Goessling, Alfred Wegener, “ It’s, ” Goessling, , Zeke Hausfather Organizations: Alfred, Alfred Wegener Institute, NASA, International Maritime Organization, National Oceanic, Atmospheric Administration Locations: Germany, Berkeley, Paris
Illinois deputies helped avert disaster early Monday morning, preventing a pregnant woman whose brakes failed from plunging into a bitingly cold lake. Jaelyn Mocaby, the pregnant driver, called 911 around 2 a.m. Monday to report that her brakes were failing. Mocaby told the 911 dispatcher that she couldn't slow down or turn off the car, according to a recording of the call. But the car was still moving downhill, Mocaby told the dispatcher. Coffey told NBC Chicago that he was just glad the woman was safe.
Persons: Mocaby, ” Mocaby, Tyler Coffey, Coffey, Jeff Diederich, Carol Mocaby Organizations: NBC News, NBC Chicago Locations: Orchard, Williamson County
PARIS — The reopening of the Notre Dame Cathedral should have been a victory lap for French President Emmanuel Macron. The vote against Barnier came just three months after Macron appointed him to the role, making him the shortest-serving French prime minister. Former French Prime Minister Michel Barnier. While Macron’s position is not technically affected by Barnier’s resignation, his political future has become uncertain as pressure grows for him to step down. “For the moment Macron’s position is not imperiled,” political expert Douglas Webber told NBC News on Thursday.
Persons: Emmanuel Macron, Michel Barnier, Barnier, Macron, Nathan Laine, ” Macron, , , Donald Trump —, Barnier’s, Douglas Webber Organizations: PARIS, Notre Dame, European Union, Macron, French, Bloomberg, Getty, Notre Dame Cathedral, Notre, Dame, National Assembly, Popular Front coalition, NBC Locations: France, Paris
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