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John Thune won election to the Senate in 2004 by conquering Senator Tom Daschle, the powerful Democratic majority leader, only to quickly face a mortal threat to his political future when a major Air Force base in his state was threatened with closure. He beat back the effort and saved Ellsworth Air Force Base, a financial engine in his largely rural state, keeping his job and learning valuable lessons that have helped power his rise in the Senate. Now the South Dakota Republican has ascended to the top and will become majority leader in the new Congress that convenes on Friday, but he is again facing an early challenge and a major threat to his political standing.
Persons: John Thune, Tom Daschle Organizations: Senate, Democratic, Air Force, Ellsworth Air Force Base, South Dakota Republican
"The markets arguably depend upon the AI theme sustaining through 2025 for stock indices to work," he said. Within the firm's conviction list, he pointed to well-known stocks Nvidia and Snowflake , as well as the more under-the-radar Teradyne and Sempra , as ways to play this. Given this changing landscape, Kron pointed to Citigroup , Evercore , and Vulcan Materials , among others, on its conviction list as ways to get in on the shift. From Goldman's conviction list, Kron pointed to Sempra as a way to get in on this idea. Deglobalization Kron pointed to Trump's proposed tariffs as a reason to pull back on globalization.
Persons: Goldman Sachs, Stocks, Steven Kron, Kron, Donald Trump, Goldman, There's, Deglobalization, there's Organizations: CNBC, Nvidia, Citigroup, Evercore, Vulcan, Republican, Burlington Stores, Cruise Locations: Washington, China
The accusations riveted social media, in part because it pulled back the curtain on the Hollywood press machine. Hollingsworth said she now questions how PR may have influenced her view of things — and she wasn’t alone. The attacks, fueled by public relations teams, the accused celebrities and people online, have included negative viral posts, creators churning out monetized content and social media misinformation. It’s as horrifying as it is destructive.”“The smear campaign against Amber Heard and the smear Campaign against Blake Lively were organized by the same PR company. “As we saw with Lively, women are often portrayed as manipulative and overly ambitious when they assert boundaries or seek accountability.
Persons: Blake Lively, , Lively, Justin Baldoni, Baldoni, , , Molly McPherson, Deborah Hollingsworth, ’ ” Hollingsworth, ” Hollingsworth, Johnny Depp’s, Amber Heard, Hollingsworth, wasn’t, Heard, Angelina Jolie, Megan Thee Stallion, Melissa Nathan, Depp, “ Angelina, Megan, Amber, Blake, Abigail Breslin, Kate Beckinsale, Chris Harihar, ” Harihar, hasn’t, McPherson, Lively’s, Ryan Reynolds, Nathan, KJ Miller, , ’ ” Miller, Adrienne Lawrence, ” Lawrence, Joe Jonas, Sophie Turner, Turner, Jolie, Evan Rachel Wood, I’ve Organizations: The New York Times, Times, Hollywood, Hollywood PR, Facebook, New York Times, Baldoni, TMZ Locations: New York, North Carolina, , Reddit,
WASHINGTON — House Speaker Mike Johnson is trying to avoid the same fate that his predecessor, Kevin McCarthy, experienced two years ago: an embarrassing, drawn-out floor fight for the speaker’s gavel. The speaker said he spent New Year's Day with Trump at his Florida club, Mar-a-Lago, shortly after a Cybertruck exploded outside the Trump Hotel in Las Vegas. On Fox, Johnson acknowledged that he's dealing with a challenging "numbers game." Johnson would need at least 218 votes — a simple majority — to win the gavel if all House members are present on Friday. We have the White House, the Senate and the House — a totally different situation than we dealt with over the last 14 months since I’ve been Speaker,” Johnson said on Fox.
Persons: Mike Johnson, Kevin McCarthy, Johnson’s, Johnson, Donald Trump, Trump, Thomas Massie, Victoria Spartz, , Paul Ryan, ” Massie, “ We’ve, Hakeem Jeffries, Jan, ” Johnson, Donald J Trump, McCarthy, , Matt Gaetz, Gaetz, Fox, Republicans —, Fox News ’ Sean Hannity, Spartz, I’ve Organizations: WASHINGTON, 119th Congress, GOP, Louisiana Republican, Mar, Trump, Lawmakers, Fox News, Jan, Fox, Republicans, Senate Locations: Florida, Las Vegas, Ky, Ukraine, New York, New Orleans, Washington, America
BAYAMÓN, Puerto Rico — Power was restored to nearly all electrical customers across Puerto Rico on Wednesday after a sweeping blackout plunged the U.S. territory into darkness on New Year’s Eve. By Wednesday afternoon, power was back up for 98% of Puerto Rico’s 1.47 million utility customers, said Luma Energy, the private company overseeing transmission and distribution of power in the archipelago. The lights went off in Puerto Rico at 5:30 a.m. on Tuesday, darkening almost the entire archipelago as people prepared to ring in the New Year. The island’s power grid was ravaged in September 2017 by Hurricane Maria, a Category 4 storm. Last month, Puerto Rico’s Energy Bureau approved an increase of 2.2 cents per kilowatt hour for residential customers from January through March, causing electric bills for the average household to jump by nearly $20, the Energy Bureau says.
Persons: Puerto Rico — Power, , Juan Saca, Ricardo Arduengo, Jenniffer González Colón, ” González Colón, Colón, , Hurricane Maria, Hurricane Ernesto Organizations: Puerto Rico —, Wednesday, Energy, Luma, Authorities, Tuesday, Getty, Hurricane, Puerto Ricans, Puerto Rico’s Energy Bureau, Energy Bureau Locations: Puerto Rico, U.S, Puerto, San Juan, AFP, Hurricane
The Palestinian Authority temporarily halted operations of Qatar’s Al Jazeera television in the territory including its broadcasts, citing the network’s dissemination of “inciting material,” the Palestinian news agency WAFA said on Wednesday. The Palestinian Authority criticized Al Jazeera last week over its coverage of the weeks-long standoff between Palestinian security forces and militant fighters in the Jenin camp in the Israeli-occupied West Bank. Al Jazeera denounced Wednesday’s decision as “an attempt to discourage it from reporting spiraling events in the occupied territories,” according to a statement. The decision was not expected to be implemented in Hamas-run Gaza where the Palestinian Authority does not exercise power. Fatah, the faction that controls the Palestinian Authority, said the broadcaster was sowing division in “our Arab homeland in general and in Palestine in particular”.
Persons: Qatar’s Al, WAFA, ” WAFA, Al Jazeera, Wednesday’s, Fatah, Al Jazeera’s Organizations: Palestinian Authority, West Bank, Al Locations: Qatar’s, Qatar’s Al Jazeera, Jenin, Gaza, , Palestine, Ramallah, Israel
A heavy police and FBI presence blocks off the French Quarter near Bourbon Street in New Orleans late Wednesday morning after a terrorist attack. Emily Kask / AFP - Getty ImagesAuthorities have cited ISIS’ branch in Afghanistan, known as ISIS-K, as a particular danger. “While we don’t know the extent of ISIS involvement yet, this was either inspired by the group or directed from abroad,” Clarke said. In November 2016, authorities said, ISIS propaganda inspired a Somali refugee to drive a car into a crowd at Ohio State University and then stab students trying to help those hit by his car. Western intelligence agencies have generally managed to counter the threat posed by the group, Zelin told NBC News.
Persons: Din Jabbar, Joe Biden, Jabbar, Emily Kask, , Colin Clarke, ” Clarke, Aaron Zelin, Zelin, Europe “, jihadists, Taylor Swift, David Cohen, Lucas Webber, Webber, , Assad, fanboys, Clarke, Mark Lennihan Organizations: ISIS, New, FBI, Getty, The New, Soufan, Washington Institute for Near East, Ohio State University, Police, NBC News, CIA, Tech Against, Depot, West Locations: New Orleans, Israel, Bourbon, AFP, Afghanistan, Oklahoma City, France, Sweden, The, The New Orleans, West, Orleans, New York City, Somali, United States, Europe, Iraq, Syria, Austria, Vienna, Africa, East, South Asia, New York, U.S
The inflation story seems contained, says Solus' Dan Greenhaus
  + stars: | 2025-01-02 | 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 EmailThe inflation story seems contained, says Solus' Dan GreenhausDan Greenhaus, Solus Alternative Asset Management managing director, joins 'Power Lunch' to discuss the biggest risks facing investors, market gains and the slowdown in AI growth.
Persons: Solus, Dan Greenhaus Dan Greenhaus Organizations: Asset Management
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Energy stocks have made a good move over the past week thanks to a rise in oil and natural gas prices. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street.
Persons: Jim Cramer, Jim Cramer's, Jim Organizations: CNBC, Energy, Coterra Energy, Utilities, Constellation Energy, U.S, Apple, Reuters, Eastman Chemical, PPG Industries, Investors, Jim Cramer's Charitable Locations: China
President Joe Biden and Donald Trump, his predecessor and successor, have never been friendly. Trump has long insulted “Sleepy Joe” Biden and claims he ordered his multiple indictments, despite a lack of evidence. On Sunday, Biden was asked what Trump should take away from the life of Jimmy Carter after the 39th president’s passing. “Can you imagine Jimmy Carter, walking by someone who needs something and just keep walking?” Biden asked. “Can you imagine Jimmy Carter referring to someone by the way they look or the way they talk?
Persons: Joe Biden, Donald Trump, Trump, Sleepy Joe ” Biden, Biden, Jimmy Carter, , ” Biden, Carter, Liz Cheney, Cheney, Department —, isn’t, , , ” Trump, Still, didn’t Organizations: CNN, Biden, Wednesday, Sunday, , Decency, , Trump, White, Capitol Hill Republicans, incoming, Department, Islamic Terrorism, OF, Homeland Security Department, ISIS Locations: CNN’s, America, New Orleans, Texas, Wyoming, American
Market Navigator: Hunting for higher earnings growth
  + stars: | 2025-01-02 | 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 EmailMarket Navigator: Hunting for higher earnings growthDavid Miller, Catalyst Funds co-founder, joins 'Power Lunch' to discuss being bullish on equities.
Persons: David Miller Organizations: Catalyst Funds
Watch CNBC’s full interview with Solus' Dan Greenhaus
  + stars: | 2025-01-02 | 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 EmailWatch CNBC’s full interview with Solus' Dan GreenhausDan Greenhaus, Solus Alternative Asset Management managing director, joins 'Power Lunch' to discuss the biggest risks facing investors, market gains and the slowdown in AI growth.
Persons: Solus, Dan Greenhaus Dan Greenhaus Organizations: Asset Management
Even while at war, Ukraine has been piping gas for Russia to European customers. Russia was estimated to rake in $5 billion in 2024 from the gas transits, with Ukraine getting up to $1 billion. Russia is no longer able to send natural gas to Europe through Ukraine's pipelines after a five-year deal, struck before the war began, expired on Wednesday. European countries that received that gas, such as Slovakia and Austria, were paying Russia for this energy. Losing Austria as a customer was yet another blow to Moscow's gas industry as Europe weans itself off its Russian energy supply.
Persons: it's, Putin, Volodymyr Zelenskyy, Herman Halushchenko, Robert Fico, Kyiv's Organizations: Kyiv, Gazprom, European Union, Moscow, Austrian, Austria, EU Locations: Ukraine, Russia, European, Soviet Union, Europe, Slovakia, Austria, Russian, Luhansk, Donetsk, Kharkiv, Kursk, Moscow, Norway, Hungary, Balkans, Moldova, Transnistria
CNN —An Israeli strike killed at least 11 Palestinians overnight, including the director general of Gaza police and a deputy, in Al-Mawasi, southern Gaza, local officials said Thursday. The Israeli offensive since the Hamas-led October 7 attacks in 2023 has eroded law infrastructure in Gaza. The presence of heavily armed groups has also stifled relief efforts in a territory besieged by Israel’s sustained aid restrictions and severe hunger, disease and mass displacement. Israel’s war in Gaza has erased entire families, decimated the health care system and reduced entire neighborhoods to debris. Al-Mawasi, a coastal region west of Rafah, previously designated by Israel as a “humanitarian area,” has repeatedly come under Israeli attacks.
Persons: Israel, Gen, Mahmoud Salah, Hussam, Israel’s, Organizations: CNN, Police Command Council, Police, United Nations, Ministry of Health Locations: Israeli, Gaza, Al, Palestinian, gunpoint, Palestine, Israel, Rafah
A view of the ball drop during Times Square New Year's Eve 2025 Celebration on December 31, 2024 in New York City. 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. Nippon Steel offers U.S. veto powerThe fate of Nippon Steel's planned acquisition of U.S. Steel rests with U.S. President Joe Biden, who has until Jan. 7 to decide. [PRO] Top and bottom stocks of 2024The Magnificent Seven basket of stocks have powered the S&P 500 forward for most of 2024.
Persons: Bitcoin, Donald Trump, Joe Biden, Biden, Alibaba Alibaba, didn't Organizations: CNBC, CSI, Industry, Nippon Steel, U.S, Nippon, Reuters Locations: New York City, Asia, Pacific
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJim Cramer talks being cautious with nuclear power and quantum computing stocks'Mad Money' host Jim Cramer talks where investors should be cautious in 2025.
Persons: Jim Cramer
We have a shortage of clean power in this country, says Jim Cramer'Mad Money' host Jim Cramer looks at the winners and losers of the S&P 500 in 2024.
Persons: Jim Cramer
Here's what he thought of each: Nvidia Even after Nvidia's banner year, Wald is still optimistic. "As much as Nvidia has been established as leadership, there's really no cracks in the trend, either," Wald said. Boeing On the other hand, Wald isn't so excited about fellow Dow Jones Industrial Average member Boeing . After that drop, the average analyst surveyed by LSEG anticipates shares bouncing just over 7%. HWM 3M mountain Howmet, 3 months Most analysts have buy ratings on the stock, according to LSEG.
Persons: Ari Wald, Wald, there's, LSEG Organizations: Wall Street, Nvidia, Boeing, Howmet Aerospace, LSEG, Dow Jones Industrial, Alaska Airlines, Howmet
US is facing domestic and cyber attacks into the new year
  + stars: | 2025-01-02 | 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 EmailUS is facing domestic and cyber attacks into the new yearCNBC’s Megan Cassella joins 'Power Lunch' to discuss the security breach on the U.S. Treasury by a Chinese bad actor and NBC’s Jay Gray reports on the latest from the two domestic terror attacks.
Persons: Megan Cassella, NBC’s Jay Gray Organizations: U.S, Treasury
Jim Cramer lists what could help the market in 2025
  + stars: | 2025-01-02 | by ( Julie Coleman | ) www.cnbc.com   time to read: +2 min
After stocks slumped during a volatile first session of the year, CNBC's Jim Cramer listed some positives that could lead to market gains in 2025. More mergers will help several industries, Cramer said, naming banking, retail, materials, entertainment, enterprise software and pharmaceuticals. Developments in artificial intelligence may also boost stocks, Cramer continued, saying new technology could lead to more than just minor expense cuts, such as real innovations in health care. More advanced AI could also mean companies don't need as many employees, which might be a buffer against wage inflation spurred by Trump's deportation plans, he said. "These stocks could all have a big surge from here if we simply keep getting more money going into index funds," Cramer said.
Persons: CNBC's Jim Cramer, Cramer, Donald Trump, Joe Biden, Lina Khan, Wall Organizations: Federal Trade Commission, President, Big Tech, Apple, Nvidia, Microsoft, Tesla Locations: trillions
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSustainable Development's Jonathan Maxwell on the tailwinds and headwinds for global energy marketsJonathan Maxwell, Sustainable Development Capital founder, joins 'Power Lunch' to discuss his expectation for the energy sector in 2025
Persons: Jonathan Maxwell Organizations: Sustainable Development Capital
The New Orleans attack suspect carried an ISIS flag and pledged fealty to the group, officials said. Related Video ISIS claimed the Moscow terror attack, while Putin attempts to blame UkraineThe attack in New Orleans on Wednesday brought the group back into stark prominence. AdvertisementIn August, officials foiled a planned ISIS attack at a Taylor Swift concert in Vienna, Austria. The group mostly does not directly train extremists at its bases to carry out attacks, unlike the terror group Al-Qaida. AdvertisementThe New Orleans attack had "several strategic and symbolic considerations as potentially textbook ISIS," Gohel said.
Persons: Putin, Jessica White, Din Jabbar, Jabbar, Barack Obama, Donald Trump, Abu Bakr al, Trump, Colin Clarke, Taylor, Sajjan J, Gohel, Clarke, White, Aaron Zelin Organizations: ISIS, Wednesday, London's Royal United Services Institute, FBI, Authorities, Republican National Convention, Analysts, Taliban, Research, International Security, Pacific Foundation, CNN, Washington Institute for Near East, NBC Locations: Orleans, Iraq, Syria, Moscow, Ukraine, New Orleans, Paris, San Bernardino, Berlin, Brussels, Nice, Orlando, London, Barcelona, Yemen, Pakistan, Afghanistan, Saudi Arabia, Kerman, Iran, Vienna, Austria, Asia, France, Westminster
Ukraine halted the flow of Russian gas to several European countries on New Year's Day, bringing an end to Moscow's decades-long dominance over Europe's energy markets. Russia's state-owned energy giant Gazprom confirmed gas exports to Europe via Ukraine stopped at around 8 a.m. local time (5 a.m. London time) on Wednesday. Ukrainian President Volodymyr Zelenskyy said last month that Kyiv was not prepared to prolong the transit of Russian gas, adding: "We will not give the possibility of additional billions to be earned on our blood." Russia, which has transported gas to Europe via Ukrainian pipelines since 1991, says European Union countries will suffer the most from the supply shift. They were most dependent on transit volumes of Russian gas in 2023, according to Rystad Energy, with Slovakia importing roughly 3.2 billion cubic meters that year, Austria receiving 5.7 billion cubic meters and Moldova getting 2 billion cubic meters.
Persons: Volodymyr Zelenskyy Organizations: Power, Vattenfall, Gazprom, Kyiv, Union, Reuters, European Commission, EU, Rystad Energy Locations: Berlin, Germany, Ukraine, Europe, London, Russia, Moscow, Hungary, Serbia, Turkey, Slovakia, Austria, Moldova
5 rising music stars you need to know in 2025
  + stars: | 2025-01-02 | by ( Callie Ahlgrim | ) www.businessinsider.com   time to read: +1 min
Jade is set to become a solo star following her success with Little Mix. Jade is expected to release her debut solo album in 2025. Courtesy of RCA RecordsJade, aka Jade Thirlwall, broke into the music industry in 2011 as one-fourth of the popular British girl group Little Mix. Four became three in 2020, when Jesy Nelson left the group to make reductive hip-hop knock-offs. The first, "Angel of My Dreams," was widely praised for its avant-garde music video, conceptual lyrics, and experimental structure; it was crowned as the year's No.
Persons: Jade, Jade Thirlwall, Jesy Nelson, Justin Timberlake, Harry Styles, Stereogum, Barbie, Gatwa, Alex Chapman Organizations: Little, RCA Records, The New York Times, Tres
CNN —Syria’s new government is facing backlash after announcing changes to the school curriculum, including introducing what some critics say is an Islamist slant to teaching. While some changes renouncing former President Bashar al-Assad’s regime were welcome to those reacting online, the religious chapter modifications sparked outrage on social media. “The curricula must be amended in accordance with the new constitution.”Others criticized what they viewed as an Islamist slant to some of the language. Secondary education will stay largely segregated, he told Reuters, as they were during the Assad era. It remains unclear how the caretaker government will hand over power after previously saying it would only stay in office until March 2025.
Persons: CNN —, , Bashar al, Assad, Hayat Tahrir, Ahmed al, Nazir Mohammad al, Qadri, , Al, Sharaa Organizations: CNN, Baath Party, Facebook, Baath, Reuters Locations: Qaeda, al Qaeda, Syria, Syrian
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