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Euro notes are pictured at a bank in this photo illustration taken in Seoul June 18, 2012. The euro was subdued on Thursday after the widely expected collapse of the French government, stoking worries about the region's second-biggest economic power, while the South Korean won steadied in the aftermath of the martial law debacle. In a parliamentary hearing on Wednesday, Lagarde said euro zone economic growth could be weaker in the months ahead and downside risks dominate the medium term outlook. In Asia, the South Korean won was stable as the nation's finance ministry said that the government will activate 40 trillion won ($28.35 billion) worth of market stabilization funds after the chaos that followed President Yoon Suk Yeol declaring and then rescinding martial law. The won remains near its two-year low versus the dollar and is the worst performing Asian currency this year.
Persons: stoking, Charlotte de Montpellier, Christine Lagarde, Lagarde, Donald Trump's, Yoon Suk Yeol, Yoon, Jerome Powell, Powell, Sterling Organizations: South Korean, ING, European Central Bank, ECB, Bank of, Federal Locations: Seoul, France, Asia, Bank of Japan, United States
Ulta Beauty on Thursday beat Wall Street's fiscal third-quarter expectations, fending off fears of fiercer competition and slowing demand for makeup and skincare. It said it now expects full-year earnings per year to range from $23.20 to $23.75, up from $22.60 to $23.50. Yet Ulta began to hint at potential troubles in April, with Kimbell warning of cooling beauty demand at an investor conference. It marked the first time that the retailer missed Wall Street's expectations in about four years. And it had in-store events, including workshops where customers received coaching from Ulta's stylists on how to get "salon-worthy blowouts"For beauty retailers, including Ulta, the holidays are a critical time of year.
Persons: Dave Kimbell, Ulta, Kimbell, NBCUniversal Organizations: LSEG, Target, Walmart, Revenue, Comcast, CNBC Locations: NBCUniversal
CNN —British dressage star Charlotte Dujardin has been fined and suspended for a year after a video emerged of her repeatedly whipping a horse during training. It showed Dujardin whipping a horse more than 20 times. “I understand the responsibility that comes with my position in the sport, and I will forever aim to do better. The 39-year-old could have become the most decorated British female Olympian of all time in Paris, surpassing cyclist Laura Kenny. We believe this outcome reaffirms the FEI’s commitment to equine welfare and to its role as guardian of our equine partners.”
Persons: Charlotte Dujardin, , backdated, Dujardin, ” Dujardin, Laura Kenny, , Sabrina Ibáñez Organizations: CNN, Paris Games, FEI, equestrian’s, , Olympic Locations: British, Paris
When traveling to Scottsdale in the spring, I should have planned for dry, 90-degree Fahrenheit days. Joey Hadden/Business InsiderFor my spring trip to Scottsdale, I expected it to be warm, as the area is known to be throughout the year. It was warmer than I anticipated, and this dark navy outfit made me feel like a magnet to the sun. I also didn't realize that the heat in Scottsdale would feel drastically drier to me compared to the air I'm used to back home in New York. I planned to spend most daylight hours exploring outdoors and walking from neighborhood to neighborhood.
Persons: Joey Hadden Organizations: Armour, Scottsdale Locations: Scottsdale, New York
Growth in pockets from real estate to manufacturing has improved since Beijing began announcing stimulus measures in late September. China's latest efforts to kickstart growth haven't had a broad impact yet, data and company earnings show, indicating the world's second-largest economy won't be roaring back soon. The ramp-up in stimulus measures is aimed at reaching this year's official target of around 5%, and a similar pace next year — while preventing financial instability, Gabriel Wildau, managing director at Teneo, said in a note Monday. "Looking ahead, our sources expect that stimulus in 2025 will trickle out incrementally and in a data-dependent fashion," Wildau said. "Beijing's stimulus measures encouraged firms to come off the sidelines this month," the report said.
Persons: Tencent, Shaohui Chen, haven't, Gabriel Wildau, Wildau, Wang Zhe, Wang, Donald Trump Organizations: Beijing, Companies, PMI, Caixin Insight, China's Ministry of Finance Locations: China
He was sentenced to seven months of house arrest and issued with a 15-year arms-dealing ban. His story was the subject of the 2016 movie "War Dogs" and Guy Lawson's book "Arms and the Dudes." After leaving house arrest, Packouz developed Instafloss and founded the music company Singular Sound, which developed the BeatBuddy. Arms trafficking involves the illegal trade and smuggling of weapons across borders, bypassing laws and fueling conflicts. Arms dealing is the legal sale of weapons by authorized dealers, conducted under strict regulations like background checks and export licenses and overseen by bodies such as the UN Arms Trade Treaty.
Persons: David Packouz, Efraim Diveroli, AEY, Packouz, Guy Lawson's Organizations: The New York Times, Dogs Academy, UN Arms Locations: AEY, Afghanistan
Hewlett Packard Enterprise poses an "attractive near-term value proposition" with its upcoming acquisition, according to Morgan Stanley. Ahead of HP's earnings report Thursday after the bell, analyst Meta Marshall upgraded shares to overweight from equal weight. Marshall also raised her price target to $28 from $23, indicating 28.6% upside potential from Wednesday's close. HPE YTD mountain HPE year to date Shares are up 28.2% in 2024. Eight of 18 analysts covering HPE rate it as a buy or strong buy, according to LSEG.
Persons: Morgan Stanley, Meta Marshall, Marshall Organizations: Hewlett, Enterprise, HP, Juniper Networks, Juniper
AdvertisementI'm a millennial who became close friends with a baby boomer at work. We met unconventionally over Zoom and have only seen each other in person twice — a friendship for the modern age, perhaps? But we found common ground at the small business where we were coworkers despite our age gap. As mentioned, I'm a piano teacher and have taught close to 75 children and adults over the last 10 years. Related storiesOur age gap didn't define usDespite being a baby boomer, I often admired Chris's diligence in ensuring he understood how to work with newer technology.
Persons: Melissa Hobley, Chris, I'm, Charlotte, Brad Locations: Northern Virginia, Pittsburgh, Maryland, Virginia
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailClients bullish this quarter, demand for bitcoin ETFs picking up: Charles Schwab’s head of tradingJoe Mazzola, Charles Schwab, joins 'Closing Bell Overtime' to talk retail trader trends he is seeing and how the cohort is playing bitcoin right now.
Persons: Charles Schwab’s, Joe Mazzola, Charles Schwab
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 22, 2024. Stock futures were near the flatline Thursday night as investors awaited key payrolls data. Futures tied to the Dow Jones Industrial Average dipped 21 points, or less than 0.1%. S&P 500 futures edged slightly lower, while Nasdaq 100 futures shed 0.1%. Stocks closed Thursday's session lower, retreating from records the major indexes hit in the previous session.
Persons: DocuSign, Dow Jones, Charlie Ripley, Jerome Powell, Dow Organizations: New York Stock Exchange, Stock, Dow Jones, Nasdaq, Ulta, Allianz Investment Management Locations: New York City, U.S, payrolls
Add spice to your dough. ShutterstockYou can upgrade your cookie dough by adding spices to it, said Tracy Wilk, lead chef at the Institute of Culinary Education. To do so, combine ground cinnamon, ginger, and sugar, and then roll your balls of cookie dough in the mix before baking. This can result in a warm, spicy cookie. If you're feeling bold, you can even spice up your cookies with a sprinkling of cayenne pepper, said Jackie Newgent, chef and author of "The Clean and Simple Diabetes Cookbook."
Persons: Tracy Wilk, Jackie Newgent Organizations: Institute of Culinary Education
AdvertisementApple's Tim Cook said his departure from Apple is coming up more often in conversations. Apple CEO Tim Cook says his retirement is becoming a hotter topic as he gets older. AdvertisementDuring a Q&A session with Wired editor at large Steven Levy, Cook said he's being asked how much longer he'll be CEO "now more than I used to." When it does come, Cook previously said that he wants it to be an internal hire. As for what comes after his retirement, Cook told Levy it's ultimately "up to others to determine" Apple's legacy.
Persons: Tim Cook, Cook, He's, he's, Steve Jobs, there's, Steven Levy, Levy, Apple hasn't, John Ternus, Jeff Williams, Levy it's Organizations: Apple, Bloomberg, Company Locations: Apple, Lipa
On the earnings call CEO Marc Benioff stressed the importance of digital labor and AI agents. Benioff said humans are already working with AI agents and that robots will be next. The future is here and it's humans working alongside robots, according to Salesforce CEO Marc Benioff. Benioff said that in addition to humans working alongside AI agents, they'll soon be working alongside robots as well. Meta is working on agents, Google its making AI agents with Gemini, and Bloomberg recently reported OpenAI, maker of ChatGPT, plans to launch AI agents next year.
Persons: Marc Benioff, Benioff, Salesforce, Agentforce, they'll, we'll Organizations: FedEx, Adecco, Accenture, Hardware, IBM, RBC Wealth, Microsoft, Meta, Gemini, Bloomberg Locations: Agentforce
That minivan, the Pacifica, is struggling, along with most of parent company Stellantis’ US models. Stellantis’ problems just led to the sudden departure of CEO Carlos Travares this week and a search for both a new boss and answers to its problems. But there are costs to keeping the Chrysler brand, including splitting scarce marketing dollars with the healthier brands, and relatively little downside to shutting it down. That wouldn’t be the case in closing Chrysler, since virtually every Chrysler dealer also sells Jeep-, Ram- and Dodge-branded vehicles. But the vehicles in the pipeline being cited by Ostermann are not destined to be Chrysler models.
Persons: , Stellantis, Carlos Travares, Ram, , “ You’ve, Ivan Drury, , Erin Keating, Tavares, helms, Donald Trump, Keating, Kevin Farrish, he’s, can’t, Farrish, Tavares ’, “ It’s, Doug Ostermann, Ostermann, Chrysler hasn’t, Jeff Schuster Organizations: New, New York CNN, Chrysler, Dodge, CNN, Cox Automotive, Bloomberg, Pacifica, Pontiac, Plymouth, Ford Motor, Aspen Locations: New York, America, Canada, Pacifica, Edmunds, Windsor , Ontario, Detroit, Lincoln
CNN —NASA’s Artemis program, which aims to return astronauts to the moon this decade amid a renewed international push for lunar exploration, is facing more delays. The issue relates to how the Orion capsule reenters Earth’s atmosphere upon returning from deep space, said NASA deputy administrator Pam Melroy. Prior to Trump taking office, NASA had targeted 2028 for the first moon landing. But in 2019, then-Vice President Mike Pence made the stunning declaration that the administration would direct NASA to drastically accelerate that timeline, aiming to conduct a crewed moon landing by 2024. Pence in part announced the decision to try to accelerate a US moon landing as part of a space race against China.
Persons: Artemis, Bill Nelson, Pam Melroy, Melroy, Artemis I’s, Artemis II, Artemis I, Artemis III, Donald Trump’s, Mike Pence, Pence, Nelson, ” Nelson Organizations: CNN, pathfinder, Orion, NASA, Artemis Program, Trump, China, Officials, Capitol Locations: China
The controversy at Twitch underscores how hard it is to deal with sensitive political topics that have become commonly discussed and shared on social media. Saltman has criticized and targeted Piker, and Saltman told DigiDay his campaign’s group had reached out to over 100 advertisers already. Controversy over streamersComments made at the “Ayyrabs Podcast” panel, hosted by Twitch partner and streamer Frogan at TwitchCon, are at the center of the controversy. “Any and all content on Twitch must abide by our Community Guidelines, and we apply these rules objectively, to all of our creators. When we find content that breaks those rules, we take enforcement action,” the company said in a statement Wednesday.
Persons: JPMorgan Chase, TwitchCon, Twitch, Dan Clancy, ” Hasan Piker, HasanAbi, Joe Rogan, Ritchie Torres, Hasan Piker, Torres, , Piker, ” Piker, “ I’ve, , Dan “, Saltman, Steven “ Destiny ” Bonnell, DigiDay, ” Saltman, Sabra, ” Sabra, Robin L Marshall, Ethan Klein, Frogan, raff, Zack Hoyt, ” Asmongold, I’m, It’s, They’d Organizations: New, New York CNN, JPMorgan, Twitch, Chevron, CNN, Bloomberg, New York, NBC, Wired, Strauss, PepsiCo, Samsung, Capcom, Defamation League, Israel, ADL, YouTube Locations: New York, Gaza, Israel, TwitchCon, San Diego, San Diego , California
With a job market heating up and employee resentment boiling over, "revenge quitting" looks to be on the horizon for 2025. "Revenge quitting," she said, is where employees leave not just to move on "but to make a point." Revenge quitting is similar, with the added vengeance of moving on to something better. "Because if they're doing their job, they're going to be working on the individual team member engagement, retention, and motivation." For others, though, "revenge quitting" could impact them greatly.
Persons: Edel Holliday, Quinn, , Holliday, Ciara Harrington, they're, They're, Beth Hood, Hood, Gen Zers, Harrington Organizations: Employees, Detachment, Citi
AdvertisementElon Musk's xAI plans to make a tenfold increase to the number of GPUs at its Memphis supercomputer. Elon Musk's xAI is ramping up its Memphis supercomputer to house at least 1 million graphic processing units, the Greater Memphis Chamber said on Wednesday. AdvertisementA 'superhuman' taskxAI built its supercomputer, Colossus, at a rapid pace. The supporting facility and supercomputer were built by xAI and Nvidia in just 122 days, according to a press release from Nvidia. Musk's AI startup has also been on a fundraising streak.
Persons: Elon Musk's, Brent Mayo, We're, Colossus —, Jordan Peterson, X, Musk, Jensen Huang, Huang Organizations: Elon, Google, Nvidia, Dell, Greater, Greater Memphis Chamber, Supermicro, xAI, Street Journal Locations: Memphis, Greater Memphis, America
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The Dow Jones Industrial Average gained 0.69% and closed above the 45,000 mark for the first time, at 45,014.04. His comments come amid reports that Trump may try to undermine Powell's authority. Investment bank UBS, for instance, has warned investors not to chase the dollar's recent gains.
Persons: Yoon Suk, Michel Barnier, Powell, Jerome Powell, isn't, Donald Trump, Trump Organizations: CNBC, South Korea's, South, Power, Democratic Party, Front, Salesforce, Marvell Technology, Dow Jones Industrial, Nasdaq, Fed, U.S, Federal, UBS, greenback, Investment
Oil prices rise with all eyes on OPEC+ supply decision
  + stars: | 2024-12-05 | by ( ) www.cnbc.com   time to read: +2 min
Oil prices rose on Thursday ahead of an OPEC+ meeting later in the day, with investors waiting to see what the producer group would do next on supply cuts while also monitoring tension in the Middle East. OPEC+ has been looking to phase out supply cuts through next year. "The OPEC+ decision may prompt a short-term reaction, but the oil market is likely to rise by year-end on expectations of a U.S. economic recovery under the Trump administration and ongoing Middle East tensions," he said. A larger-than-expected draw in U.S. crude stockpiles last week also provided some support to prices. U.S. crude stocks fell more than expected last week as refiners ramped up operations, the Energy Information Administration (EIA) said.
Persons: Satoru Yoshida, Trump, refiners, Israel, Donald Trump's Middle Organizations: Brent, of, Petroleum, Rakuten Securities, Energy Information Administration, Reuters Locations: OPEC, U.S, Israel, Iran, Lebanon, Qatar, Gaza
Jaguar's video ad, released in November, features models in colorful, modern clothing, and doesn't show any cars. The colors, design shapes, and new logo "feel right when you see it on the concept car." AdvertisementA front view of Jaguar's concept car. "It seems it is the beginning of the story of the Jaguar brand vision, which they can easily chapter out and stretch to the production model reveal." AdvertisementThree brass lines run through the length of the concept car, with one right down the middle.
Persons: Jaguar's, Jim Heininger, Heininger —, Busch —, Greg Andersen, Bailey Lauerman, Anderson, Andersen, Christos Joannides, Joannides, Joannides —, Lotus —, Rawdon Glover Organizations: Business, Anheuser, Burberry, BI, Jaguar, Maserati, Lotus, Wired Locations: Chicago, Omaha , Nebraska, Los Angeles
The man accused of killing her only child, Joana Peca, three years ago in St. Petersburg, Florida, had finally been captured. Peca was in disbelief when she got the call Friday from detective Brian Bilbrey of the St. Petersburg Police Department. Eleni Peca speaks at a news conference Tuesday in St. Petersburg, Florida. St. Petersburg Police DepartmentMajor David Gerardo of St. Petersburg Police said on the show that officers found no gun at the scene and it was not immediately clear who had killed Peca. He was extradited to Miami, where a St. Petersburg detective and a Pinellas County sheriff’s deputy picked him up over the weekend.
Persons: CNN — Eleni Peca’s, Joana Peca, Benjamin Robert “ Bambi ” Williams, Peca, Brian Bilbrey, , , Williams, Eleni Peca, ” Joana Peca, Petersburg Police Department Williams, She’s, she’s, “ Benjamin Williams, ” Peca, “ Benjamin Williams ’, Anthony Holloway, “ Witnesses, Joana, , ” Holloway, ” Williams, John Walsh ”, Petersburg Police Department Major David Gerardo, “ World’s, Jasmeen Alexander, Yolanda Fernandez, Holloway, Petersburg’s, Peca’s, ” Alexander, , “ I’m Organizations: CNN, US, Authorities, St . Petersburg Police Department, Police, Petersburg Police Department, Petersburg Police, St, Embassy Locations: St . Petersburg , Florida, Mexico City, United States, Pinellas County, St, Petersburg, Pinellas, Jail, Georgia, Mexico, Florida, Miami
CNN —Embattled French President Emmanuel Macron said he hoped to appoint a new prime minister in the coming days, in a combative televised address that will do little to ease a deepening political crisis. Macron was speaking one day after Prime Minister Michel Barnier was ousted by lawmakers in a no-confidence vote. He had harsh words for the far-right National Rally, whose leader, Marine Le Pen, has orchestrated opposition against Macron and has vowed to frustrate his agenda. “Let’s be honest, they think about one thing: the presidential election,” Macron said of Le Pen’s party, claiming their “cynical” approach had brought “a sense of chaos” to the country. Whoever he picks as prime minister must be approved by a sharply divided parliament, where he faces an avowed opposition from both wings.
Persons: Emmanuel Macron, Macron, Michel Barnier, ” Macron, Barnier, , Le, , National Assembly “, Barnier’s Organizations: CNN, Macron, Republican, National Assembly,
The battery of an electric car is recharged at a roadside charging station on January 09, 2024 in London, England. Britain is forecast to hit "peak petrol" in 2024, according to a new report, with electric vehicles (EVs) on track to assume a much bigger share of the country's car market. The online vehicle platform estimates there were 18.7 million gasoline-powered cars on the country's roads in 2024, although this figure is expected to steadily decline to just 11.1 million by 2034. At the same time, it is expected the number of EVs on Britain's roads will soar to 13.7 million over the next decade as affordability improves, up from 1.25 million in 2024. "Peak petrol is a genuine landmark for the UK," Auto Trader's Ian Plummer said in the report.
Persons: ZEV, Ian Plummer Organizations: Auto Locations: London, England, Britain
The excerpt is from a chapter about activist hedge fund Starboard Value, founded by Jeff Smith. Another Nvidia executive said Starboard wanted a board seat, but the board had pushed back. In November 2013, Nvidia made two announcements: a commitment to buy back $1 billion of stock by fiscal 2015 and the authorization of an additional $1 billion stock buyback. Far from a contentious relationship, Nvidia and Starboard seemed to work well together in this brief period. Days later, Nvidia and Mellanox made the deal public and held a conference call with analysts and investors.
Persons: Jensen Huang, Tae Kim, Jeff Smith, Darden, Jensen, Smith, Eyal Waldman, Mellanox, Waldman, Mellanox didn't, Brian Venturo, Jensen wasn't, Jay Puri Organizations: Nvidia, Tech, W.W, Norton & Company, Securities, Exchange, U.S, Intel Locations: CUDA, Mellanox
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