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☆ No one would talk to Sebastian Stan about his Donald Trump movie for 'Actors on Actors': 'They were too afraid'
▼ + stars: | 2024-11-21 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +3 min

AdvertisementSebastian Stan plays a young Donald Trump in "The Apprentice," a movie about his life in the 1970s. Stan said other actors wouldn't discuss Trump, and the film, with him for Variety's "Actors on Actors." You won't see Sebastian Stan doing an "Actors on Actors" interview about his new Donald Trump movie "The Apprentice," because, according to the actor, no one would talk to him about it. "We couldn't get past the publicists or the people representing them, because it was too afraid to talk about this movie." "We invited him to participate in 'Actors on Actors,' the biggest franchise of awards season, but other actors didn't want to pair with him because they didn't want to talk about Donald Trump," Setoodeh said.

Persons: Sebastian Stan, Donald Trump, Stan, wouldn't, Trump, Ali Abbasi, Roy Cohn, Jeremy Strong, Trump's, Ivana, Maria Bakalova, It's, Abbasi, Gabriel Sherman, Ramin Setoodeh, IndieWire, didn't, Setoodeh, Sherman, Tuesday's, we're Organizations: Trump, Cannes, Penske Media Corporation, Cannes Film, Briarcliff Entertainment Locations: States

☆ Home sales jumped in October, and housing demand is set to pick up from here, NAR says
▼ + stars: | 2024-11-21 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

That's partly due to higher inventory levels, which rose 19% in October compared to last year. Existing home sales rose 3.4% in October, the group said. Sales rose 2.9% year-over-year for the first annual rise since July 2021 when Americans were still in the midst of a pandemic homebuying boom. Despite higher inventory levels, existing home prices have continued to rise, with the median existing home price climbing 4% in October to $407,200. Last week, the 30-year fixed mortgage rate ticked lower but remained elevated at 6.78%, three basis-points higher higher than the 52-week average, according to Freddie Mac.

Persons: Lawrence Yun, Freddie Mac, Yun, Zillow Organizations: National Association of Realtors, NAR, Bank of America Locations: Real

☆ Baidu posts 3% drop in third-quarter revenues, beating market expectations
▼ + stars: | 2024-11-21 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

BEIJING — Chinese tech giant Baidu on Thursday posted a 3% annual drop in third-quarter revenue, nevertheless beating market expectations amid AI cloud growth. Baidu noted a 12% surge in its non-online marketing revenue to the equivalent of $1.1 billion, mainly driven by its artificial intelligence cloud business. Beijing-based Baidu operates one of the major web browser search engines in China, along with a frequently used maps app. Baidu has promoted its Ernie chatbot as a local alternative to OpenAI's ChatGPT, which isn't available in China. "AI Cloud continued to show healthy and sustainable development in the third quarter," he said in the earnings release.

Persons: Robin Li, Ernie, Baidu, Ernie chatbot, Li, Baidu hasn't, Rong Luo, Apollo Organizations: Baidu, CNBC Locations: BEIJING, U.S, Beijing, China

☆ The US is ramping up sanctions by targeting the last major Russian bank not yet blacklisted
▼ + stars: | 2024-11-21 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

AdvertisementThe US levied sanctions on Gazprombank, the last major Russian bank not yet blacklisted. Washington is clamping down on Gazprombank, Russia's last major lender operating free of US sanctions. Up until this point, Washington refrained from sanctions in order to maintain gas flows between Russia and remaining European customers. "Today's sanctions targeting Russia's largest remaining non-designated bank, as well as dozens of other financial institutions and officials in Russia, will further diminish and degrade Russia's war machine," Treasury Secretary Janet Yellen said. The so-called System for Transfer of Financial Messages is used to evade sanctions and fund Russia's war effort, the US said.

Persons: Russia's, Washington, Janet Yellen, OMV Organizations: Treasury, Treasury Department, Russia, Kremlin Locations: Russian, Russia, Europe, Washington, Ukraine, Austrian

☆ New York City FC, Etihad Airways agree to 20-year naming rights deal for new MLS stadium
▼ + stars: | 2024-11-21 | by ( Jake Piazza | In | ) www.cnbc.com time to read: +2 min

The club is partnering with Etihad Airways for the exclusive naming rights to the new venue in Queens, New York, which will officially be called Etihad Park, according to a joint press release. Sims said the new venue opens up lucrative partnership opportunities, and the naming rights agreement is a prominent one. Etihad Park is being built with private funds. Etihad Park isn't the only new addition to Queens. As for why the new stadium name is Etihad Park and not "stadium" or "arena," it's an homage to New York City's iconic green spaces, according to Sims.

Persons: Brad Sims, Sims, Pete Giorgio Organizations: New, New York City, Major League Soccer, Etihad Airways, Etihad, New York City FC, CNBC, Yankee Stadium, Citi Field, MLS, Deloitte, Etihad Park Locations: New York, Queens , New York, Queens

☆ Market will become more discriminating as policy priorities come to light, says Lazard's Ron Temple
▼ + stars: | 2024-11-21 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarket will become more discriminating as policy priorities come to light, says Lazard's Ron TempleRonald Temple, Lazard chief market strategist, joins CNBC's 'Money Movers' to discuss expectations for markets under a new Trump administration, the potential impact of tariffs, and more.

Persons: Ron Temple Ronald Temple, Trump Organizations: Lazard

☆ Two Sigma's new leaders have made their mark with hundreds of job cuts. Here's what could come next for the $60 billion firm.
▼ + stars: | 2024-11-21 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +3 min

The hedge fund is run by co-CEOs Carter Lyons and Scott Hoffman, who took over for Two Sigma's billionaire cofounders in September. The firm is planning to continue to invest in its core strategies, a person close to the manager said. Related Video How tech layoffs could affect the economyNo portfolio managers were eliminated, a person close to the manager told Business Insider. AdvertisementThe goal is to be more disciplined as the firm grows going forward, the person close to Two Sigma said. AdvertisementIn this light, the latest cuts could be seen as a clean-up of balance sheet bloat — but the person close to the firm said that a listing has not been discussed in any form.

Persons: Carter Lyons, Scott Hoffman, cofounders, cofounders John Overdeck, David Siegel, Lyons, Hoffman, Lazard's Organizations: Sigma, Business, Bloomberg, shepherding Locations: New York

☆ Boeing CEO Kelly Ortberg says the company's staff 'spend more time arguing' than strategizing about how to beat Airbus: report
▼ + stars: | 2024-11-21 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +3 min

The CEO also spoke with President-elect Donald Trump about the impact of his potential tariffs. Boeing's CEO Kelly Ortberg has a stern warning for his staff — stop squabbling and get to work. During the meeting, Ortberg also told staff not to "sit at the water cooler and bitch about people," per The WSJ's transcription of the recording. AdvertisementThe WSJ also reported that Ortberg has spoken with President-elect Donald Trump about the impact of potential tariffs on Boeing. Ortberg told staff that a potential trade war with China might impact the company's plane exports to Chinese airlines.

Persons: Kelly Ortberg, Ortberg, Donald Trump Organizations: Airbus, WSJ, Boeing, Business Insider, Trump, Seattle Times, Society of Professional Engineering Employees, Aerospace, . Aviation, Avia Solutions, Max Locations: Boeing's hourlong, China, Washington, Oregon

☆ Market breadth has improved beyond 'Magnificent 7,' says analyst
▼ + stars: | 2024-11-21 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarket breadth has improved beyond 'Magnificent 7,' says analystAnwiti Bahuguna, chief investment officer of global asset allocation for Northern Trust Asset Management, discusses Nvidia earnings and what they mean for the broader market.

Persons: Anwiti Bahuguna Organizations: Trust Asset Management

☆ International Criminal Court issues arrest warrants for Netanyahu and Hamas officials
▼ + stars: | 2024-11-21 | by ( ) www.cnbc.com time to read: +6 min

The International Criminal Court issued arrest warrants on Thursday for Israeli Prime Minister Benjamin Netanyahu, his former defense minister and Hamas officials, accusing them of war crimes and crimes against humanity over the war in Gaza and the October 2023 attacks that triggered Israel's offensive in the Palestinian territory. Netanyahu and other Israeli leaders have condemned ICC Chief Prosecutor Karim Khan's request for warrants as disgraceful and antisemitic. U.S. President Joe Biden also blasted the prosecutor and expressed support for Israel's right to defend itself against Hamas. The court also issued a warrant for the arrest of Mohammed Deif, one of the leaders of Hamas. Khan sought warrants in May, accusing Netanyahu and Gallant of crimes including murder, intentionally attacking civilians, and persecution.

Persons: Benjamin Netanyahu, Netanyahu, Karim Khan's, Joe Biden, Yoav Gallant, Mohammed Deif, Yahya Sinwar, Ismail Haniyeh, Oren Marmorstein, Israel, Gallant, Vladimir Putin, Khan, — Sinwar, Deif, Haniyeh, hasn't, Sinwar, Balkees Jarrah, Benny Gantz, Yair Lapid Organizations: Israeli, ICC, U.S, Israeli Foreign Ministry, Foreign, Hamas, Prosecutors, Human Rights Locations: Gaza, Palestinian, Israel, United States, Hague, Ukraine, Mongolia, Israeli, Iran

☆ Citadel's Ken Griffin says Trump's tariffs could lead to crony capitalism
▼ + stars: | 2024-11-21 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Ken Griffin, chief executive officer and founder of Citadel Advisors LLC, speaks during an Economic Club of New York event in New York, US, on Thursday, Nov. 21, 2024. Citadel CEO Ken Griffin issued a warning against the steep tariffs President-elect Donald Trump vowed to implement, saying crony capitalism could be a consequence. "I am gravely concerned that the rise of tariffs puts us on a slippery slope towards crony capitalism," the billionaire investor said Thursday at the Economic Club of New York. Crony capitalism is an economic system marked by close, mutually advantageous relationships between business leaders and government officials. At the same event, Griffin also said that he's not focused on taking Citadel Securities public in the foreseeable future.

Persons: Ken Griffin, Donald Trump, Griffin, Trump, he's, We're Organizations: Citadel Advisors, Economic, of New, Citadel, Citadel Securities Locations: of New York, New York, America, Washington

☆ Opinion | Don’t Do Trump’s Work for Him on Mass Deportations
▼ + stars: | 2024-11-21 | by ( Dara Lind | ) www.nytimes.com time to read: +1 min

Donald Trump’s team has construed his victory as a mandate for carrying out what it has described as mass deportations. The constraints on a mass deportation operation are logistical more than legal. So the question is not whether mass deportation will happen. It’s how big Mr. Trump and his administration will go, and how quickly. How far are they willing to bend or break the rules to make their numbers?

Persons: Donald Trump’s, Trump, Stephen Miller, Tom Homan, Trump’s Organizations: Department of Homeland Security

☆ UBS sees the 'Roaring 20s' continuing, S&P 500 rising again next year — maybe to 7,000
▼ + stars: | 2024-11-21 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

This booming period marked by strong economic growth and robust market returns could extend into 2025, according to UBS, which is calling for the S & P 500 to rise as high as 7,000 in its most optimistic, bullish case. "The market and economic developments have led some to term the decade so far as the 'Roaring 20s,' marked by high economic growth, strong market returns, and improving productivity," Mark Haefele, UBS Global Wealth Management chief investment officer, said in a note to clients. .SPX YTD mountain S & P 500 The Wall Street bank set its base case of a 6,600 S & P 500 target for 2025, or about 10% upside from current prices. For its bull case, the equity benchmark could climb to 7,000 by year end 2025, a 16% gain from current levels. The S & P 500 appears set to wrap up a strong 2024 with a bang, thanks to optimism toward President-elect Donald Trump 's market-friendly policies.

Persons: Mark Haefele, Donald Trump, Haefele Organizations: UBS, UBS Global Wealth Management

☆ Who is Jimmy Lai, the Hong Kong media tycoon facing a life sentence in a national security trial?
▼ + stars: | 2024-11-21 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +6 min

Now 77, he's facing a life sentence in a national security trial in Hong Kong. I would just relay to him what happened in Hong Kong when he asked me," Lai said in court, per Reuters. This mass sentencing of Hong Kong's activists was also based on charges under Hong Kong's national security law. Related storiesThe imposition of the national security law marked the effective end of Hong Kong's political autonomy from China. "Above all else, the implementation rules have the potential to radically criminalize online speech in Hong Kong," Woodhams said.

Persons: Jimmy Lai, Kong's, Lai, Hong Kong's, Mike Pence Organizations: Hong Kong, Apple, China, White House, Democracy Locations: Hong, Hong Kong, China, Northern California

☆ Don't accept a job offer before taking this crucial step: It can help set you 'up to thrive,' says expert
▼ + stars: | 2024-11-21 | by ( Gili Malinsky | ) www.cnbc.com time to read: +1 min

When it comes to what's important in a job, people have all sorts of priorities. One of the best times to negotiate for those is after you've received a job offer. That can include negotiating for salary, work from home and vacation time. You'll want to figure those out before your prospective employer comes to you with that initial offer. says Angelina Darrisaw, career coach and founder of C-Suite Coach.

Persons: you've, Stacie Haller, Angelina Darrisaw, Darrisaw

☆ Fed needs to think of the slow rate of layoffs when thinking about rate cuts: Brean Capital's Ryding
▼ + stars: | 2024-11-21 | 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 EmailFed needs to think of the slow rate of layoffs when thinking about rate cuts: Brean Capital's RydingJohn Ryding, Brean Capital chief economic advisor, joins 'Squawk Box' to discuss the latest economic data to cross the tape, consumers that are hesitant to spend money, and what to expect from the Federal Reserve going forward.

Persons: John Ryding Organizations: Fed, Brean, Federal Reserve

☆ CNBC Daily Open: Is Nvidia its own worst enemy?
▼ + stars: | 2024-11-21 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Akio Kon | Bloomberg | Getty ImagesThis 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. Investors are likely zooming in on the rate at which Nvidia is growing its numbers, compared with its past performance, not just whether it's surpassing expectations. The same goes for Nvidia's forward guidance: A growth of around 70% for current-quarter sales, compared with a year earlier. It appears that investors have enjoyed Nvidia's astounding performance for so long they've become desensitized to it.

Persons: Jensen Huang, Akio Kon, LSEG, University's, Leswing, Samantha Subin, Brian Evans Organizations: Nvidia Corp, Nvidia, Summit Japan, Bloomberg, Getty, CNBC, Investors, University's Stern School of Business Locations: Tokyo, Japan, New

☆ Any combination of the Treasury Secretary candidates is the A team, says Galaxy's Novogratz
▼ + stars: | 2024-11-21 | 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 EmailAny combination of the Treasury Secretary candidates is the A team, says Galaxy's NovogratzMichael Novogratz, Galaxy founder and CEO, joins 'Squawk Box' to discuss the progression of gold to Bitcoin, the chief executive's thoughts on Trump's nomination for Treasury Secretary, and much more.

Persons: Galaxy's Novogratz Michael Novogratz Organizations: Galaxy

☆ Nikki Haley slams Trump’s pick for intel chief
▼ + stars: | 2024-11-21 | by ( Josephine Hitchings | ) edition.cnn.com time to read: 1 min

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☆ British regulators will soon announce competition remedies for the multibillion-pound cloud industry
▼ + stars: | 2024-11-21 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

Igor Golovniov | Sopa Images | Lightrocket via Getty ImagesLONDON — Britain's competition regulator is preparing remedies aimed at solving competition issues in the multibillion-pound cloud computing industry. The sources, who preferred to remain anonymous given the investigation's sensitive nature, said that the cloud market remedies could be announced within the next two weeks. Amazon is the largest player in the market, offering cloud services via its Amazon Web Services (AWS) arm. Ofcom subsequently referred its cloud review to the CMA to address competition issues in the market. She is expected to outline plans for a review in 2025 into whether the CMA should more frequently use behavioral remedies when approving deals, the FT reported.

Persons: Igor Golovniov, there's, Sarah Cardell, Keir Starmer Organizations: Ofcom, Microsoft, Getty, Markets, CNBC, CMA, Amazon, Web Services, Google, Chatham House, Financial Times Locations: U.S, U.K

☆ The founder of the biggest gold ETF is still bullish 20 years later
▼ + stars: | 2024-11-21 | by ( Emily Glass | ) www.cnbc.com time to read: 1 min

The founder of the first gold-tracking ETF is still bullish on the commodity two decades later. "Things are looking good for the rest of this year and for next year," George Milling-Stanley told CNBC's "ETF Edge" this week. Even the postelection pullback in gold futures and the SPDR Gold Shares ETF (GLD) hasn't tarnished the record run this year. "This is why we've seen the stock market go up dramatically, why we've seen the cryptocurrencies go up dramatically." But the precious metal, and in turn, the GLD ETF, are "starting to claw back some of the lost ground," Milling-Stanley said.

Persons: George Milling, Stanley, CNBC's, hasn't, we've Organizations: State Street Locations: India, China

☆ Johnson: Bitcoin is breaking out, targeting $130,000
▼ + stars: | 2024-11-21 | 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 EmailJohnson: Bitcoin is breaking out, targeting $130,000Craig Johnson, Chief Market Technician at Piper Sandler, sees Bitcoin breaking out toward $130,000 and small/mid-caps outperforming post-election. He notes NVIDIA's reaction reflects high expectations, while Target may see further downside.

Persons: Johnson, Bitcoin, Craig Johnson, Piper Sandler

The court also issued a warrant for the arrest of Hamas’s military chief, Muhammad Deif, accusing him, too, of crimes against humanity, including murder, hostage taking and sexual violence. Israel has said that it killed Mr. Deif in an airstrike, but the court said it could not determine whether he was dead. Mr. Netanyahu and Mr. Gallant are unlikely to find themselves in a courtroom standing trial on the charges anytime soon. The court has no police force to make arrests and neither Israel nor its chief ally, the United States, is among its member nations. But the order carries significant moral weight, it is likely to restrict the leaders’ travel around the world, and it further isolates Israel as it prosecutes wars in Gaza and Lebanon.

Persons: Benjamin Netanyahu, Israel, Yoav Gallant, Muhammad Deif, Deif, Netanyahu, Gallant, Gallant “ Locations: Gaza, Israel, United States, Lebanon

☆ Britain’s 'mini-budget' disaster should serve as a warning to the U.S., bond strategists say
▼ + stars: | 2024-11-21 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +5 min

Bloomberg | Bloomberg | Getty ImagesFears are mounting that the U.S. could soon experience its own version of Britain's "mini-budget" crisis, with bond strategists warning that Donald Trump's return to the White House brings with it the specter of currency volatility and surging bond yields. The former president's economic agenda has ratcheted up concerns about a surge in consumer prices, which strategists say could spark significant shifts in bond yields and investor behavior. They warn a scenario that mirrors Britain's mini-budget crisis of 2022 is not out of the question. watch nowBritain's mini-budget crisis refers to a tumultuous period under former Prime Minister Liz Truss and ex-Finance Minister Kwasi Kwarteng. Bond yields tend to rise when market participants expect higher consumer prices or a growing budget deficit.

Persons: Donald Trump, Donald Trump's, Trump, Remtulla, Liz Truss, Kwasi Kwarteng, Kwarteng, Althea Spinozzi, Trump's, Spinozzi, Angela Weiss, Paul Ashworth, Ashworth, Thierry Wizman, likelier, Wizman Organizations: Economic, of New, Bloomberg, Getty, EFG, CNBC, U.S ., Finance, U.S, Bank of England, Saxo Bank, White, Treasury, Traders, New York Stock Exchange, AFP, Capital Economics, Macquarie Group Locations: of New York, New York, U.S, Foreign, Treasurys, Treasuries, New York City, America

She wrote two more bills that same week supporting Julian Assange and Edward Snowden, who were behind two of the biggest US national security leaks of the 21st Century. Both men are broadly seen as enemies of the state within the intelligence community. Gabbard proposed repealing Patriot ActIf confirmed, Gabbard will be the most markedly anti-surveillance official to lead the intelligence community in the post-9/11 era. Some prominent Republicans like former Trump national security adviser John Bolton and former Trump UN ambassador and 2024 GOP presidential candidate Nikki Haley have come out against her. Scott Olson/Getty ImagesGabbard is in many ways a stranger to the intelligence community.

Persons: Donald Trump’s, spymaster, Tulsi Gabbard, Daniel Ellsberg, Gabbard, ”, Ellsberg, Julian Assange, Edward Snowden, It’s, MAGA, Trump, Assange, Marco Rubio, Elise Stefanik, Mike Waltz, she’s, scot, Jamil Jaffer, George W, Bush, White, George Mason University’s, Snowden, Alexandria Ocasio, Cortez, Assange —, Sen, Rand Paul, Justin Amash, Matt Gaetz, Gabbard’s Snowden, Bill Pugliano, Tulsi, Drew Angerer, Glenn Gerstell, —, Gerstell, ” Gerstell, She’s, neocons, ” “, Vladimir Putin’s, Biden, “, Hannity, Steven Ferdman, cynically, John Bolton, Nikki Haley, DNI, ” Haley, Hillary Clinton, Assad, Obama, Tom Williams, CNN Gabbard, Bashar Assad, Nancy Pelosi, Gabbard’s, we’ve, Trump’s, Qasem Soleimani, ” ‘, Donald Trump, Scott Olson, Democratic Sen, Chuck Schumer, ” Gabbard Organizations: CNN, Democratic, Pentagon, The New York Times, Washington Post, US, National Intelligence, Republican Party, WikiLeaks, National Security Institute, George, National Security Agency, — Democratic, Trump, FBI, Fox, Patriot, Foreign Intelligence, Congress, Capitol, Defense Department, Democrat, Republican, NATO, Fox News Channel Studios, Trump UN, GOP, blindsided, Hawaii National Guard, House Armed Services Committee, Syrian, ISIS, Democratic Party, Lawmakers, Gabbard Locations: Syria, Ukraine, Russia, Alexandria, —, Washington, Detroit , Michigan, Gabbard, Washington ,, China, Hawaii, American, Moscow, New York City, Kremlin, Iraq, Lebanon, Ohio, La Crosse , Wisconsin, United States

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