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☆ Op-ed: If Trump reverses TikTok ban, donors win and U.S. national security loses
▼ + stars: | 2024-12-05 | by ( Dewardric L. Mcneal | ) www.cnbc.com time to read: +11 min

Courts generally defer to the executive and legislative branches on national security matters, but the outcome may depend on whether the court frames the issue solely as a national security question or also considers First Amendment concerns. "There's a lot of good and there's a lot of bad with TikTok," Trump said. However, the app's popularity should not outweigh the national security concerns it poses, particularly given its ties to the Chinese government. Allowing donor-driven priorities to eclipse these legitimate security concerns undermines public trust in the policymaking process and erodes confidence in government institutions. Americans deserve a government that treats national security as a top priority and not one that is negotiable or secondary to the interests of private wealthy donors.

Persons: Trump, hasn't, TikTok, Donald Trump, Jeff Yass, Elon Musk, Meta's Mark Zuckerberg, George Soros —, Republicans —, Soros, PAFACA, Laws, ByteDance's, Dewardric McNeal, Obama Organizations: Trump, Supreme, U.S ., Appeals, Facebook, Street Journal, Mar, Lago, Republicans, Elon, Lawmakers, Foreign, Public, Congress, Senate, PAFACA, Longview Global, CNBC, Defense Department Locations: Jan, U.S, China, ByteDance, Yass, Washington, TikTok, Mar, Asia

☆ TikTok's plan to bring social shopping to the US is really starting to pay off
▼ + stars: | 2024-12-05 | by ( Dan Whateley | ) www.businessinsider.com time to read: +6 min

The 2024 holiday sales from social media — driven by TikTok Shop and influencer affiliates, among other factors — show how far social shopping has come in the past five years. Americans viewed over 30,000 TikTok shopping livestreams that day, with one creator picking up $2 million in sales from a single session. "We've now been on TikTok Shop since the very beginning, and we've seen successes gradually and consistently increase month over month," Benator told BI. Live shopping platform Whatnot said in November that it had surpassed $2 billion in year-to-date livestream sales, for example. TikTok's owner ByteDance was likely behind the company's determination to make social shopping work as it sought to bring Douyin's success to TikTok.

Persons: ByteDance, TikTok, Max Benator, We've, we've, Benator, William, Amanda Perelli, Instagram, Nicolas Le Bourgeois, Dan Whateley, Julian Reis, that's Organizations: TikTok Shop, Companies, Amazon, TikTok, QVC, Adobe Analytics, Retailers, Walmart, Target, Adobe, YouTube Locations: Asia, China, Santa Monica, Outlandish's Santa Monica, influencers, America

☆ Trump's SEC pick and Bitcoin's $100K milestone are two big wins for the crypto community
▼ + stars: | 2024-12-05 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +3 min

President-elect Donald Trump lived up to his self-appointed title of "crypto president" by picking a big supporter of digital assets to lead the Securities and Exchange Commission . Atkins has been a part of the Token Alliance, an advocacy group for crypto, since 2017. Atkins, if confirmed, is a stark contrast to current SEC Chair Gary Gensler, who already announced his intentions to step down in January. Howard Lutnick , Trump's pick for commerce secretary, found success beyond the financial services firm (Cantor Fitzgerald) and the brokerage (BGC Group) he runs. AdvertisementMeanwhile, Scott Bessent , Trump's Treasury pick, is also unsurprising.

Persons: Donald Trump, Trump, aren't, Paul Atkins, George W, Bush, Wall, Atkins, Bitcoin, Gary Gensler, Goldman Sachs, Gensler didn't, Gensler, Trump's, —, Howard Lutnick, Cantor Fitzgerald, Newmark, he's, Dan Geiger, Scott Bessent, Elon Musk, George Soros, Dan DeFrancesco, Grace Lett, Ella Hopkins, Spriha Srivastava, Amanda Yen, Milan Sehmbi Organizations: Business, Securities and Exchange Commission, Trump, SEC, Token Alliance, MIT, Treasury Locations: New York, Chicago, London

☆ Far from a bazooka, China's stimulus measures are just trickling through the economy
▼ + stars: | 2024-12-05 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

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

☆ Influencers and other affiliate marketers have become an increasingly important part of Cyber Monday
▼ + stars: | 2024-12-05 | by ( Dan Whateley | ) www.businessinsider.com time to read: +3 min

Posts with affiliate links were six times as likely to lead to a sale as other social content was. Social-media influencers and other content makers that recommend products via affiliate links helped drive about 20% of US e-commerce revenue on Cyber Monday, according to new data from Adobe Analytics. Affiliate marketing has become an increasingly important tactic for driving e-commerce sales as more consumers, and young shoppers in particular, turn to bloggers and other digital creators to decide what to buy. Companies like Amazon, Walmart, and LTK have spent years building affiliate programs to compensate creators who drive sales. LTK said its creators drive billions in retail sales annually.

Persons: Taylor Schreiner, Schreiner, LTK, Amber Venz Organizations: US, Adobe Analytics, Adobe Digital, Amazon, Walmart, Adobe

☆ Intel says its 'no wafer left behind' days are over
▼ + stars: | 2024-12-05 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +3 min

Execs said the company needs to prioritize efficiency over "no wafer left behind." Intel says it needs to be thriftier and approach production with a zero-waste model. Days after CEO Pat Gelsinger's sudden departure, Intel executives said the company must prioritize efficiency. But Intel needs a "no capital left behind" mindset, he added. Intel spent $25.8 billion on capital expenditures last year, up from $18.7 billion two years ago.

Persons: Execs, Pat Gelsinger's, Chandrasekaran, David Zinsner, Zinsner, You've, Trump Organizations: Intel, Nvidia, Samsung, UBS Global Technology, Conference, Micron, Companies, Microsoft, Google, Commerce Department, New York Times

☆ Holiday shopping has more Americans getting comfortable with buy-now-pay-later
▼ + stars: | 2024-12-05 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +6 min

AdvertisementA growing share of US shoppers chose buy-now-pay-later options on Black Friday and Cyber Monday. Splitit's CEO told BI that his company's order volumes were up 62% in the week ending with Cyber Monday. Many buy-now-pay-later shoppers are likely to use the option again as they get used to the concept. Of the $131.5 billion in online spending tracked by the company during the period, $9.4 billion was spent using a BNPL option. AdvertisementSplitit's Sheth said more than a third of its users during Cyber Week had previously used the service at least one other time in the preceding year.

Persons: Splitit's, Nandan Sheth, Splitit, BNPL, Klarna, Afterpay, Adobe, It's, that's, Neil Saunders, Sheth, Chris Walton, Caila Schwartz, Splitit's Sheth, Global Data's Saunders, Zers, Salesforce's Schwartz, Dominick Organizations: Business, Data, Amazon, Walmart, Rite Aid, Staples, Apple, Google, Global, Trump Locations: Australia, Sweden

☆ Formaldehyde causes more cancer than any other toxic air pollutant. Little is being done to curb the risk
▼ + stars: | 2024-12-05 | by ( Sharon Lerner | Al Shaw | ) edition.cnn.com time to read: +28 min

The result is that even the EPA’s alarming estimates of cancer risk vastly underestimate — by as much as fourfold — the chances of formaldehyde causing cancer. But four former government scientists with experience doing statistical analyses of health harms told ProPublica that the myeloid leukemia risk calculation was sound. The agency’s sprawling assessment shows that, among scores of individual air pollutants, formaldehyde poses the greatest cancer risk — by far. As the EPA admits, its cancer risk calculation fails to reflect the chances of developing myeloid leukemia. Nationwide, that’s the average lifetime cancer risk from air pollution; formaldehyde accounts for most of it.

Persons: ProPublica, Biden, Jennifer Jinot, “, ”, Jinot, Joe Biden’s, Donald Trump, They’ve, Trump, what’s, William Boyd, Boyd, Mary Faltas, “ It’s, Faltas, Ronald Reagan, John Todhunter, Todhunter, George H.W, George H.W . Bush, Sen, James Inhofe, Obama, David Vitter, ” Jinot, David Dunlap, Dunlap, recusing, didn’t, Rocky Rissler, Rissler, Rick, she’s, I’ve, Tracey Woodruff, ” Trump, Dr, Sanjay Gupta, Robert Sussman, Bill Clinton, Barack Obama, Lee Zeldin, Zeldin, Woodruff Organizations: Environmental Protection Agency, EPA, National Academies of Sciences, Engineering, Medicine, Trump, UCLA School of Law, National Cancer Institute, National Cancer, Department of Health, Human Services, Foundation for Chemistry Research, Koch Industries, Biden EPA, White, Fontana, ProPublica, West Virginia —, Biden, Fertilizer Institute, of America, Toy Association, National Chicken Council, Independent, Manufacturers, RV Industry Association, Industry Alliance, American Chemistry Council, Reproductive Health, University of California, Republican Congress, CNN, CNN Health, Heritage Foundation, U.S . Rep Locations: United States, U.S, Los Angeles, San Bernardino , California, Apopka , Florida, George H.W ., Hurricane, Georgia, Pacific, Fontana , California, ProPublica ., Fontana, Weld County , Colorado, Colorado , New Mexico, North Dakota, West Virginia, San Francisco, New York

☆ Is Amazon's Trainium chip the 'dupe' that could finally disrupt Nvidia's AI dominance?
▼ + stars: | 2024-12-04 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's newsletter, Amazon's touting new hardware it hopes can help it unseat Nvidia as the king of AI chips. The big storyAmazon's affordable AIBusiness Wire/BI'Dupes' are all the rage these days, so why not make one for AI chips? AdvertisementThat's basically Amazon Web Services' idea for breaking Nvidia's stranglehold on the AI market. The tech giant's homegrown chip is its answer to Nvidia's all-powerful GPUs, which are widely used for training AI models. AdvertisementAWS CEO Matt Garman detailed how customers can get the most out of their AI chips with 'UltraServers' — multiple Trainium servers smartly pieced together — and the 'UltraCluster' — what you get when you combine multiple 'UltraServers.'

Persons: Matt Garman, Andrej Sokolow, Carter Smith, Alyssa Powell, BI's Eugene Kim, CUDA, Donald Trump's, BofA, —, Ned Davis, Jon Chu, Lori Berenberg, Deedy Das, Pat Gelsinger, Jenny Chang, Rodriguez, Gen, it's, It's, Michel Barnier's, Dan DeFrancesco, Grace Lett, Ella Hopkins, Spriha Srivastava, Amanda Yen, Lisa Ryan, Milan Sehmbi Organizations: Business, Nvidia, Services, Getty, Bank of America, Ned Davis Research, Deedy Das Khosla Ventures, Bloomberg Beta, Menlo Ventures, Intel, French Locations: New York, Chicago, London

☆ Trump Picks Paul Atkins to Run the S.E.C.
▼ + stars: | 2024-12-04 | by ( Matthew Goldstein | More About Matthew Goldstein | ) www.nytimes.com time to read: +1 min

President-elect Donald J. Trump picked Paul Atkins to serve as chair of the Securities and Exchange Commission, turning to a pro-business conservative and former regulator to run the agency that is in charge of protecting investors from fraud and malfeasance on Wall Street. Mr. Trump made the announcement in a post on his Truth Social platform on Wednesday. Mr. Atkins, 66, who was an S.E.C. commissioner under President George W. Bush, is a well-known, and generally admired, figure in Washington legal circles and the securities regulatory community. commissioner ended in 2008, Mr. Atkins founded Patomak Global Partners, a financial services consulting firm.

Persons: Donald J, Trump, Paul Atkins, Atkins, George W, Bush Organizations: Securities and Exchange Commission, Republican, Democratic, Patomak Global Partners, Token Alliance, Digital Chamber of Commerce Locations: Washington

☆ Alibaba-backed Xreal launches augmented reality glasses with new chip as Meta rivalry heats up
▼ + stars: | 2024-12-04 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

The Xreal One Series features the X1 chip which is the company's first self-designed processor for its glasses. Xreal on Wednesday launched its latest generation of augmented reality (AR) glasses as it looks to fend off competition from the likes of Meta and Snap . The company, which is backed by Chinese e-commerce giant Alibaba , is hoping to capitalize on the growing interest in AR glasses. The Xreal One Series features the X1 chip which is the company's first self-designed processor for its glasses and marks a big step for the product's capabilities. "I think that it's the biggest upgrade in Xreal history and probably the biggest upgrade for the entire consumer AR glasses [sector]," Chi Xu, CEO of Xreal, told CNBC in an interview.

Persons: Xreal, Chi Xu, Xu, Meta's Organizations: Wednesday, CNBC, Meta, Qualcomm, Google, Samsung Locations: Chinese

☆ Trump taps Paul Atkins to lead the SEC in crypto-friendly move
▼ + stars: | 2024-12-04 | by ( Alice Tecotzky | ) www.businessinsider.com time to read: +1 min

AdvertisementTrump nominated Paul Atkins to lead the Securities and Exchange Commission, a crypto-friendly move. If confirmed, he'll replace Gary Gensler. President-elect Donald Trump has nominated Paul Atkins for chair of the Securities and Exchange Commission. Atkins was an SEC commissioner under President George W. Bush and is a well-known figure in Washington's conservative financial world. AdvertisementIf confirmed, Atkins will replace Gary Gensler, who has drawn the ire of much of the crypto community and plans to step down as chair on January 20.

Persons: Trump, Paul Atkins, Atkins, he'll, Gary Gensler, Donald Trump, George W, Bush, He's, Paul Organizations: Securities and Exchange Commission, SEC, Alliance Locations: America

☆ Howard Lutnick helped build Newmark into a real estate powerhouse. Now he's leaving for Washington.
▼ + stars: | 2024-12-04 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +7 min

AdvertisementHoward Lutnick opened his wallet and Rolodex to turn Newmark into a commercial real estate success. In 2011, the billionaire arranged for his affiliate financial company, BGC Group, to purchase the New York-based commercial real estate services firm Newmark for an undisclosed sum. The results have turned heads in the ultra-competitive real estate business. "It's one of the best positioned real estate players today," Goldfarb added, noting that he has an "overweight" – or buy – rating on Newmark stock. In 2014, Newmark purchased Grubb & Ellis, a commercial real estate services firm, out of bankruptcy.

Persons: Howard Lutnick, Newmark, Lutnick, Trump's, Howard, Barry Gosin, Donald Trump, Cantor Fitzgerald, Elon Musk, Barry, Alexander Goldfarb, Piper Sandler, Goldfarb, Cantor, Gosin, Mark Weiss, Scott Panzer, JLL, Panzer, Grubb, Ellis, Piper, David Falk, Falk –, Falk Organizations: Business, New, Cushman & Wakefield, Newmark, Cushman &, Economic, Newmark's Locations: Washington, Wall, New York, America, Cushman & Wakefield, Davos, Switzerland, Newmark's New York

☆ Jeff Bezos says he will try to talk Trump out of idea that the news media is an ‘enemy’
▼ + stars: | 2024-12-04 | by ( Liam Reilly | ) edition.cnn.com time to read: +4 min

New York CNN —Jeff Bezos hopes Donald Trump has changed. “I don’t think the press is the enemy,” Bezos told Andrew Ross Sorkin. “The press is not the enemy, let’s go persuade him of this.”While Trump famously targeted Bezos and his companies during his first term, Bezos said he was “very optimistic” about a second Trump administration and suggested he even wants to help the incoming president. The Washington Post, which Bezos acquired in 2013 for $250 million, has struggled in the face of dwindling audience traffic and subscriptions. Alphabet CEO Sundar Pichai also briefly commented on the incoming Trump administration in a separate interview during Wednesday’s event.

Persons: Jeff Bezos, Donald Trump, Trump, ” Bezos, Andrew Ross Sorkin, “, let’s, Bezos, ”, ” Trump, Kamala Harris, “ I’m, “ We’re, Mark Zuckerberg, Elon Musk, –, Sundar Pichai, Pichai, “ he’s Organizations: New, New York CNN, The New York Times, Amazon, Washington Post, Trump, News Washington Post, Pentagon, SpaceX Locations: New York

But that penny-pinching mentality hasn’t been enough to lift sales for Dollar Tree and Dollar General. Dollar Tree is also exploring selling off Family Dollar, its more grocery-focused brand. Family Dollar, which Dollar Tree acquired in 2015 for nearly $9 billion, is found in more urban areas and sells more food and household staples. The company plans to close about 1,000 Family Dollar stores and is exploring a potential sale of the business. Dollar Tree has more than 16,000 stores, while Dollar General has nearly 20,000 locations across the U.S.

Persons: Jeff Owens, Rick Dreiling, Peter Keith, Piper Sandler, ”, it’s, Todd Vasos, Goldman, Vasos, “, Piper Sandler’s Keith, Keith, John David Rainey, Joe’s, Mike Creedon, Creedon, Alasdair James, James, Donald Trump, CNBC’s Ryan Baker Organizations: Walmart, Dollar, Target, Goldman Sachs, Costco, Sam’s, Aldi, —, U.S . Department of Labor, federal, Safety, Health Administration, Trump Locations: U.S, Bentonville, Arkansas, China

☆ Melbourne: The Australian city that became a global food and drink powerhouse
▼ + stars: | 2024-12-03 | by ( Joe Minihane | ) edition.cnn.com time to read: +9 min

It’s the great Australian city debate, one which pits the commerce, business and money of Sydney against cultural, arts-loving, coffee-drinking Melbourne. Chris Putnam/imageBROKER/ShutterstockThere’s no better way to start a trip to Melbourne than with a proper cup of coffee. The history of coffee in Melbourne goes back to the years after World War II, when Italian immigrants arrived and brought their machines with them. And it's not just coffee 06:24 - Source: CNNKate Reid is the best person to speak with about Melbourne’s coffee obsession. “Neighbours” is set in the fictional Melbourne suburb of Erinsborough, although the street is real, as is the connection to the city.

Persons: Chris Putnam, Lane, CNN Kate Reid, Lune Croissanterie, ”, Reid, “, It’s, that’s, Phillip, Phillip Island, Vivien Zajicek, Cyril Callister, Vegemite superfan Gina Gardenal, upsettingly, Gardenal, Sam Tabone, Kylie Minogue, Guy Pearce, Margot Robbie, Robbie, Amazon’s, CNN Lucinda Cowden, “ Melanie, Cowden, “ Melbourne’s, ” She’s Organizations: CNN, croissants, Little Penguins, Kangaroos, Sydney Opera House, Melbourne Cricket, Cyril, Neighbours Locations: Melbourne, Sydney, Australia, caffeinated Melbourne, Fitzroy, Paris, Phillip, Little, Australian, Uluru, Beaufort, Victoria, England, Champagne, Erinsborough, “, Harold’s

☆ U.S. announces new export controls on China’s chip industry
▼ + stars: | 2024-12-03 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +6 min

The United States on Monday launched its third crackdown in three years on China’s semiconductor industry, curbing exports to 140 companies, including chip equipment maker Naura Technology Group, among other moves. Chinese companies facing new restrictions include nearly two dozen semiconductor companies, two investment companies and over 100 chipmaking tool makers. The companies include Swaysure Technology Co., Si’En Qingdao and Shenzhen Pensun Technology Co., which work with China’s Huawei Technologies. The telecommunications equipment leader has been hobbled by U.S. sanctions and is now at the center of China’s advanced chip production and development. However, it remains years behind chip industry leaders like Nvidia in AI chips and chip equipment maker ASML in the Netherlands.

Persons: Beijing’s, Biden, Donald Trump, Gina Raimondo, ”, Lam, Lin Jian, JAC, China’s, ASML Organizations: Monday, Naura Technology, ACM Research, SiCarrier Technology, ” Reuters, Lam Research, ASM International ., Swaysure Technology, Si’En, Shenzhen Pensun Technology, China’s Huawei Technologies, Semiconductor Manufacturing, Co, Capital, Wingtech Technology, JAC Capital, ”, U.S Locations: States, China, U.S, Singapore, Malaysia, Si’En Qingdao, Shenzhen, Netherlands, United States, Israel, South Korea, Taiwan, Japan

☆ Banks hit credit card users with higher rates in response to regulation that may never arrive
▼ + stars: | 2024-12-03 | by ( Hugh Son | ) www.cnbc.com time to read: +5 min

In this article SYFBFHJPMBARC-GBCCOF Follow your favorite stocks CREATE FREE ACCOUNTA customer uses a credit card to pay for items January 28, 2022 at a retail shop in New York City. Synchrony and Bread raised the annual percentage rates, or APRs, on their portfolios by an average of 3 to 5 percentage points, according to Sakhrani. Some pain, no gainThe CFPB says the credit card industry profits off borrowers with low credit scores by charging them onerous penalties. In March, the agency introduced a rule to cap late fees at $8 per incident, down from an average of about $32. While the rule is currently held up in courts, card users are already dealing with the higher borrowing costs and fees attributed to the regulation.

Persons: Robert Nickelsberg, Banks, Sanjay Sakhrani, Perry Beberman, We've, Beberman, Athleta Organizations: Getty, Verizon, JCPenney, Consumer Financial, CNBC, U.S . Chamber of Commerce, Federal Reserve Bank of New, Citigroup, Barclays, JPMorgan Chase, American Express, Banana Locations: New York City, Federal Reserve Bank of New York, Stamford , Connecticut, Banana Republic

Ties to Fox Lobbyist Scott Bessent Potential role Treasury secretary Role infirst term — Billionare Yes Major donor Yes Events atMar-a-Lago — AttendedN.Y. trial — Ties to Proj. 2025 or AFPI Yes Tiesto Fox Yes Lobbyist — Robert F. Kennedy Jr. Potential role Health and human services secretary Role infirst term — Billionare — Major donor — Events atMar-a-Lago — AttendedN.Y. trial — Ties to Proj. 2025 or AFPI — Tiesto Fox Yes Lobbyist — Dave Weldon Potential role C.D.C. administrator Role infirst term — Billionare — Major donor — Events atMar-a-Lago Yes AttendedN.Y. trial — Ties to Proj.

Persons: Donald J, Trump, —, alma, Trump’s, Scott Bessent Howard Lutnick Elon, Vivek Ramaswamy Steven Witkoff Mr, Scott Bessent, George Soros, Howard Lutnick, Bessent, Lutnick, Elon Musk, Vivek Ramaswamy, Scott Bessent Charles Kushner Howard Lutnick Linda McMahon Elon Musk John Phelan Steven Witkoff Chris Wright, Chris Wright, Linda McMahon, McMahon, John Phelan, Mr, Amy, Steven Witkoff, Charles Kushner, Doug Collins Sebastian Gorka Thomas Homan Linda McMahon Kristi Noem Vivek Ramaswamy Brooke Rollins Marco Rubio Elise Stefanik Michael Waltz Matthew Whitaker Lee Zeldin, Lago, MAGA, Todd Blanche Pam Bondi Doug Burgum Steven Cheung Sebastian Gorka Karoline Leavitt Kash Patel Vivek Ramaswamy Dan Scavino JD Vance Michael Waltz Matthew Whitaker Susie Wiles Mr, Todd Blanche, Susie Wiles, JD Vance, Doug Burgum, Pam Bondi A.F.P.I, James Braid, Brendan Carr, Doug Collins A.F.P.I, Kevin Hassett A.F.P.I, Pete Hoekstra, Homan, Keith Kellogg A.F.P.I, Karoline Leavitt, Linda McMahon A.F.P.I, Kash Patel A.F.P.I, John Ratcliffe, Brooke Rollins A.F.P.I, Scott Turner A.F.P.I, Russell T, Matthew Whitaker A.F.P.I, Lee Zeldin A.F.P.I, Sean Duffy Tulsi Gabbard Sebastian Gorka Pete Hegseth Thomas Homan Mike Huckabee Keith Kellogg Martin, Makary Janette Nesheiwat Vivek Ramaswamy Michael Waltz, Pete Hegseth, “, Hegseth’s, Rachel Campos, Duffy, Sean Duffy, Mike Huckabee, Ramaswamy, Wright, Pam Bondi James Braid Doug Collins Sean Duffy Pete Hoekstra Bill McGinley Matthew Whitaker Susie Wiles Alex Wong, Washington —, Wiles, Pam Bondi, Pam Bondi James Braid Brendan Carr Steven Cheung Sebastian Gorka Jamieson Greer Vince Haley Kevin Hassett Pete Hoekstra Thomas Homan Mike Huckabee Keith Kellogg Alex Latcham Karoline Leavitt Bill McGinley Linda McMahon Stephen Miller Elon Musk Mehmet Oz Kash Patel John Ratcliffe Brooke Rollins Dan Scavino Scott Turner Russell T, Matthew Whitaker Steven Witkoff Alex Wong, Thomas Homan, Witkoff, Huckabee, Scott Bessent Jay Bhattacharya James Blair Todd Blanche Pam Bondi Massad, James Braid Taylor, Doug Burgum Brendan Carr Lori Chavez, Steven Cheung Doug Collins Sean Duffy Tulsi Gabbard Sergio Gor Sebastian Gorka Jamieson Greer Vince Haley Kevin Hassett Pete Hegseth Pete Hoekstra Thomas Homan Mike Huckabee Keith Kellogg Robert F, Kennedy Jr, Charles Kushner Alex Latcham Karoline Leavitt Howard Lutnick Martin, Makary Bill McGinley Linda McMahon Stephen Miller Elon Musk Janette Nesheiwat Kristi Noem Jim O’Neill Mehmet Oz Kash Patel John Phelan Matt Brasseaux Vivek Ramaswamy John Ratcliffe Brooke Rollins Marco Rubio D, John Sauer Dan Scavino Will Scharf Elise Stefanik Scott Turner JD Vance Russell T, Michael Waltz Dave Weldon Matthew Whitaker Susie Wiles Steven Witkoff Alex Wong Chris Wright Lee Zeldin, Scott, — Jay Bhattacharya, — James Blair, White, — Todd Blanche, — Pam Bondi, John F, Massad, — James Braid, Billionare, Taylor, — Doug Burgum, — Brendan Carr, — Lori Chavez, — Steven Cheung, — Doug Collins, Tulsi, — Sergio Gor, — Sebastian Gorka, — Jamieson Greer, — Vince Haley, Billionare —, — Kevin Hassett, — Pete Hegseth, — Pete Hoekstra, — Mike Huckabee, — Keith Kellogg, — Robert F, — Charles Kushner, — Alex Latcham, — Karoline Leavitt, — Howard, — Martin, — Bill McGinley, — Stephen Miller, — Elon, — Janette Nesheiwat, — Kristi Noem, — Jim O’Neill, — Mehmet Oz, — Kash Patel, — John Phelan, — Matt Brasseaux, — Vivek Ramaswamy, — John Ratcliffe, — Brooke Rollins, — Marco Rubio, John Sauer, — Dan Scavino, — Will Scharf, — Elise Stefanik, — Scott Turner, Vance, — Russell T, — Michael Waltz, — Dave Weldon, — Matthew Whitaker, — Alex Wong, — Lee Organizations: Fox News, Mar, America, Fox, Trump’s New, White House, — Harvard, Yale, Princeton, Wall, of Government, Trump, Energy Department, Education Department, PAC, The, White, Republican, Policy Institute, Heritage Foundation, Heritage, “ Fox, Friends, Fox Business, Fox Nation, Mr, Management, . Immigration, Small Business Administration, National Institutes of Health, Kennedy Center, Performing Arts, National Economic, of Economic, Customs, Great, Economic, North Korea Billionare, Energy Locations: Mar, Philadelphia, France, New York, Manhattan, Israel, Washington, Florida, M.A.L ., Canada, Netherlands, Ukraine, Russia

☆ This year's Cyber Monday just shattered e-commerce records
▼ + stars: | 2024-12-03 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +3 min

Cyber Monday was officially the biggest online-shopping day ever, according to fresh data from Adobe and Salesforce. The average order value on Cyber Monday rang in at $124 per transaction and included 3.5 items, Salesforce found. Mobile sales accounted for more than half of the Cyber Monday total, Adobe found. Online shoppers were also busier than usual in the days leading up to Monday — now called Cyber Week — with Thanksgiving and Black Friday seeing considerable sales growth over last year. Adobe expects total US holiday sales this year to top $240 billion, up 8.4% from last year.

Persons: Caila Schwartz, Schwartz, Salesforce, Salesforce's Schwartz, —, Vivek Pandya Organizations: Adobe, Mobile

☆ PSQ Holdings doubles, becoming latest stock to rip higher on news of Donald Trump Jr.'s involvement
▼ + stars: | 2024-12-03 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Donald Trump Jr. speaks with the media at the end of the debate between Republican vice presidential nominee U.S. Senator JD Vance (R-OH) and Democratic vice presidential nominee Minnesota Governor Tim Walz hosted by CBS in New York, U.S., October 1, 2024. Talks of Donald Trump Jr. joining the board of PSQ Holdings sent the owner of the online marketplace PublicSquare skyrocketing on Tuesday. PSQ is a microcap stock with a market capitalization of only $72 million as of Monday's close. In November, Trump Jr. joined venture capital firm 1789 Capital as a partner.

Persons: Donald Trump Jr, JD Vance, Tim Walz, Donald Trump, PublicSquare, Trump, Tucker Organizations: Republican, U.S, Democratic, CBS, Bloomberg News, PSQ Holdings, Trump Jr, Machines Locations: New York, U.S, Palm Beach , Florida

☆ Asian chip stocks mostly rise, shrugging off new U.S. semiconductor export curbs on China
▼ + stars: | 2024-12-03 | by ( Dylan Butts | ) www.cnbc.com time to read: +3 min

Major Asian chip stocks outside of China rose Tuesday, shrugging off a new round of U.S. semiconductor export curbs aimed at impairing Beijing's capability to produce certain high-end chips. Taiwan Semiconductor Manufacturing Company — the world's largest contract chip supplier — saw shares rise 2.4%. The Biden administration's latest chip curbs will also target sales of high-bandwidth memory chips, which could affect the world's two largest memory chip makers — South Korea's SK Hynix and Samsung. Naura Technology Group , Piotech and ACM Research were among the largest Chinese companies to be included in the export controls list. The latest export restrictions include a new "red flag guidance" to address compliance concerns, and several "critical regulatory changes" to enhance the effectiveness of existing controls.

Persons: shrugging, Lasertec, Advantest, Biden, Derrick Irwin, CNBC's, Gina Raimondo, Harris Administration's, TSMC Organizations: Taiwan Semiconductor Manufacturing, Korea's SK Hynix, Samsung, Samsung Electronics, SK Hynix, Allspring Global Investments, The, of Commerce, Naura Technology, Piotech, ACM Research, Semiconductor Manufacturing International Corporation, Hong Kong . U.S, Biden, Huawei Locations: China, Tokyo, Korea's, Hong Kong .

☆ Shoppers hunt for deals, but Dollar General and Dollar Tree aren't reaping the benefits
▼ + stars: | 2024-12-03 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +6 min

But that penny-pinching mentality hasn't been enough to lift sales for Dollar Tree and Dollar General . Dollar Tree is also exploring selling off Family Dollar, its more grocery-focused brand. Dollar General and Dollar Tree stores Getty ImagesPeter Keith, a retail analyst for Piper Sandler, said a challenging mix of factors hurt the retailers. Family Dollar, which Dollar Tree acquired in 2015 for nearly $9 billion, is found in more urban areas and sells more food and household staples. Dollar Tree has more than 16,000 stores, while Dollar General has nearly 20,000 locations across the U.S.

Persons: Jeff Owens, Rick Dreiling, Peter Keith, Piper Sandler, it's, Todd Vasos, Goldman Sachs, Vasos, Piper Sandler's Keith, Keith, John David Rainey, Joe's, Mike Creedon, Creedon Organizations: Walmart, Dollar, Target, Costco, Sam's, Aldi, — Locations: U.S, Bentonville, Arkansas

☆ How UK Export Finance is supporting ethnic minority-led businesses to achieve their global ambitions
▼ + stars: | 2024-12-03 | by ( Sponsored Uk Export Finance | ) www.businessinsider.com time to read: +7 min

UK Export Finance helps ethnic minority-led businesses win, fulfill, and get paid for international business by providing guarantees, insurance and loans to support export activities. UK Export Finance (UKEF) is the UK government's export credit agency. UKEF can help ethnic minority-led businesses through its network of regional Export Finance Managers (EFMs) based around the UK. Once a business has an export plan in place, UK Export Finance can make it a reality by providing finance support. Supporting ethnic minority-led businesses to access export financeEthnic minority-led businesses contribute £25 billion to the UK economy per year, according to research from the Federation of Small Business.

Persons: Hitesh Patel, EFMs, Alissia Deane, Patel, Deane, they're, it's Organizations: Export Finance, UKEF's Export Insurance, Department for Business and Trade, Federation of Small, UK Finance, Research, The British Business Bank, London Chamber of Commerce, Venture Capital, UKEF, Department for Business, Trade, UK Export Finance, Insider Studios Locations: London, West Yorkshire, DBT, UKEF

☆ Donald Trump Jr. is set to join the board of a ‘woke-free’ marketplace. Its stock is surging
▼ + stars: | 2024-12-03 | by ( Matt Egan | ) edition.cnn.com time to read: +3 min

New York CNN —The owner of “woke-free” online marketplace PublicSquare exploded in value on Tuesday on news that Donald Trump Jr. is joining the tiny company’s board of directors. A person familiar with the matter confirmed to CNN that Trump Jr. is set to join the board of PSQ Holdings, PublicSquare’s parent company. The arrival of Trump Jr. was first reported by Bloomberg News. Malik is the president of 1789 Capital, an anti-ESG venture capital firm that Trump Jr. has reportedly joined. It is also obvious that we must stop buying Chinese drones and Chinese drone parts,” Trump Jr. said in the press release.

Persons: “, Donald Trump Jr, Trump, Michael Seifert, PublicSquare, “ America’s, Seifert, Nick Ayers, Mike Pence, Kelly Loeffler, Blake Masters, Omeed Malik, Malik, Steve Sosnick, ” “ Don Jr, ” Sosnick, ” Trump, Donald Trump Organizations: New, New York CNN, CNN, Trump, PSQ Holdings, Trump Jr, Bloomberg News, America, Bank of America, Interactive, Orlando, USA Locations: New York, Palm Beach , Florida, China, Beijing, Russia

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