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Dollar pulls ahead as markets focus on Trump policies, Fed outlook
  + stars: | 2024-11-21 | by ( ) www.cnbc.com   time to read: +4 min
After stalling for three sessions, the greenback was back on the march higher, with investors lifting the dollar index measure against its key rivals closer to a one-year high of 107.07 hit last week. The dollar has rallied more than 2% since the Nov. 5 U.S. presidential election on bets Trump's policies could reignite inflation and temper the Fed's future rate cuts. The dollar index held steady at 106.56, up from a one-week nadir hit in the previous session. "The Russia-Ukraine conflict is heating up, which is further denting sentiment towards the euro alongside the prospects of trade tariffs," another "bullish cue" for the dollar index given the euro's heavy weighting, City Index's Simpson said. The dollar gave up some gains against the yen, down 0.33% at 154.91 yen , although the Japanese currency remained under pressure.
Persons: Donald Trump's, Matt Simpson, CME's, Michelle Bowman, Lisa Cook, Index's Simpson, Kazuo Ueda, Sterling, bitcoin, Bitcoin Organizations: U.S, Federal Reserve, Wednesday, Storm, ATACMS, Bank of Japan, Bank of England's Locations: Europe, China, Russia, Ukraine, Paris
But the Tesla and SpaceX CEO said he's had little input on Trump's Cabinet picks. Elon Musk says he's had little input on President-elect Donald Trump's cabinet picks. He was a major contributor to Trump's campaign, spending just under $119 million on his pro-Trump political action committee, America PAC. Musk, according to multiple media reports, has joined Trump's calls with Ukrainian President Volodymyr Zelenskyy and Google CEO Sundar Pichai. Lutnick, Musk wrote in an X post on November 16, "will actually enact change," compared to another candidate, hedge fund CEO Scott Bessent.
Persons: Elon Musk, Donald Trump, he's, Musk, Donald Trump's, Haven't, Robert F, Kennedy Jr, cott, ott Organizations: SpaceX, Cabinet, New York Post, Trump's, UFC, Trump, Madison Locations: Lago, Palm Beach , Florida, usk
CNN —LeBron James announced on Wednesday that he’s taking a break from social media. The Los Angeles Lakers star made the announcement on his X, formerly known as Twitter, and Instagram accounts, writing: “Getting off social media for the time being. “When the platform is so big, you can make the change and allow us all an escape from real life negativity. Knecht scored a career-high 37 points in the Lakers’ 124-118 win over the Utah Jazz on Tuesday, tying the NBA rookie record of nine three-pointers in a single game. It is unclear when James will return to social media.
Persons: LeBron James, , James, Rich Kleiman, Kevin Durant’s, ” Kleiman, Dalton Knecht’s, Knecht, he’s Organizations: CNN, Los Angeles Lakers, Twitter, Tennessee, Lakers, Utah Jazz, NBA
Italian visual artist Maurizio Cattelan's duct-taped Banana entitled "Comedian," is on display during a media preview at Sotheby's in New York, on November 8, 2024. Crypto investor Justin Sun paid $6.2 million for a banana duct-taped to a wall, highlighting the soaring values of crypto and viral art. Sotheby's last night auctioned off the infamous banana, titled "Comedian," created by Italian artist and cultural prankster Maurizio Cattelan. People look at Italian visual artist Maurizio Cattelan's duct-taped Banana entitled "Comedian," during a press preview at Sotheby's in New York, on October 25, 2024. The seller of the Sotheby's banana had purchased it from one of the original buyers and was reselling it.
Persons: Maurizio Cattelan's, Kena Betancur, Robert Frank, Crypto, Justin Sun, Maurizio Cattelan, Sun, Sotheby's, Timothy A, Clary Organizations: Afp, Getty, Art Basel Miami Beach Locations: New York, Italian
Trump AG pick Matt Gaetz says he's withdrawing
  + stars: | 2024-11-21 | by ( Kevin Breuninger | ) www.cnbc.com   time to read: +2 min
Matt Gaetz said Thursday he is withdrawing his name from consideration as President-elect Donald Trump's pick for U.S. attorney general, ending the controversial bid that put prior allegations of sexual misconduct in the spotlight. I appreciate their thoughtful feedback - and the incredible support of so many," Gaetz said in a statement posted on his X account. "There is no time to waste on a needlessly protracted Washington scuffle, thus I'll be withdrawing my name from consideration to serve as Attorney General," he said. The Department of Justice's investigation into whether Gatez sex-trafficked a minor girl ended last year without charges being filed. The House committee, which is evenly divided between Republicans and Democrats, on Wednesday deadlocked on a vote to release a report on its probe of Gaetz.
Persons: Matt Gaetz, Kevin McCarthy, Donald Trump's, Gaetz, Vance, CNN's Paula Reid, Susan Wild of, reconvene, Trump, Karoline Leavitt, Leavitt Organizations: U.S, Trump, Republican, The, Republicans, Democrats, Gaetz, Truth, Administration, Department of Justice, CNBC, Yildirim Locations: Washington ,, Florida, Washington, Susan Wild of Pennsylvania
AdvertisementElon Musk and Vivek Ramaswamy are starting a podcast to chronicle DOGE's attempt to cut government spending. Musk and Ramaswamy have been using X to promote their new roles in government efficiency. Elon Musk and Vivek Ramaswamy are planning on keeping federal workers and the American public up to date on their progress at the Department of Government Efficiency with a new podcast. Elon Musk added on X that the podcast would host guests and previously suggested the live streams would be weekly. Political scientists have questioned whether Musk and Ramaswamy's ideas, which include "deleting" whole government departments and mass layoffs of federal workers, are achievable.
Persons: Elon Musk, Vivek Ramaswamy, Musk, Ramaswamy, Tesla, he'd, Donald Trump's, DOGE cryptocurrency, RTO Organizations: Department of, YouTube, Department of Government Locations: American
Police officers in Trenton, N.J., systematically violate the constitutional rights of the city’s citizens, conduct illegal searches and needlessly escalate peaceful interactions into violence, the U.S. Department of Justice found in a report published Thursday. In one event described in the 45-page report, police officers encountered an unarmed man as he ran shirtless around a hospital parking lot. The man cried, “I can’t breathe,” and, “I’m going to die.” After more than four minutes, he grew still, the report said. The man was not identified, but the details match the case of Stephen Dolceamore, 29, of Springfield, Pa., which was reported by NJ Advance Media. He died on April 3, 2020, seven weeks before George Floyd was murdered by police officers in Minneapolis.
Persons: Donald J, Trump, Philip R, , “ I’m, Doctors, Stephen Dolceamore, George Floyd Organizations: U.S . Department of Justice, Justice Department’s Civil Rights Division, NJ Advance Media Locations: Trenton , N.J, U.S, New Jersey, Trenton, Springfield, Pa, Minneapolis
Music has always been a business, but streaming, TikTok, inflation, and the ballooning costs of touring have dramatically altered a musician's traditional routes to making money. But a lot has changed since streaming usurped radio play as the kingmaker of a rising musician's career. Even the hitmakers who dominate your "For You" page are getting paid "almost nothing" from TikTok, as one music exec told Billboard. 1 song on TikTok doesn't mean anything in the grand scheme of things," Tinashe's longtime manager, Simonne Solitro, explains. "That's not just me," Violet tells me, "that's literally every single artist I know."
Persons: Raye, Conrad, She'd, Taylor, Taylor Swift, Stone, You've, there's, everybody's, Donald Passman, Kevin Baird, Chris Burnett, Chuck Berry, he'd, it's, , TikTok, Ariana Grande, JC Olivera, Justin Ayers, Club's Baird, Tayla Parx, she's, Ariana Grande's, It's, Parx, that's, Muni, who's, Rihanna, Kelly Clarkson, Alexis, Long, I'd, Rachel Chinouriri, I've, Chinouriri, Sam Halliday, Alex Trimble, Katy Cummings, Derek Crownover, Loeb, he's, Crownover, Simonne, Tinashe, Tinashe's, Simonne Solitro, Solitro, Normani, aren't Taylor Swift, Jennifer Lopez, Bad Bunny, Shirlaine Forrest, Matt Jelonek, Tessa Violet, hasn't, That's, Violet, Solitro's, Tessa Violet's, Sarah Pardini, Halsey, Adele, Sophie Turner, Florence Pugh, Pugh, jostling Organizations: Spotify, Music, Northern, Cinema, BI, Apple Music, Billboard, Apple, YouTube, BMI, Suns, TaylaMade Inc, Fifth Harmony, Parlophone, Atlas Artists, Ticketmaster, Promoters, BI Social, Capitol Music, Capitol, Columbia, Chartmetric, DMs Locations: Manhattan, British, Northern Irish, TikTok, London, Los Angeles
World’s tallest and shortest women meet for afternoon tea
  + stars: | 2024-11-21 | by ( Jack Guy | ) edition.cnn.com   time to read: +2 min
CNN —The world’s tallest woman and the world’s shortest woman have met for afternoon tea in London to celebrate Guinness World Records Day. The height difference between the two women might be a massive 152.36 centimeters (5 feet), but the pair reportedly got on famously. Guinness World Records“We do have things in common. The pair reading the 2025 Guinness World Records book. Guinness World RecordsAmge, an actress and media personality born in India, has a bone growth disorder named achondroplasia that affects the arms and legs.
Persons: Rumeysa Gelgi, Jyoti Amge, , Amge, Weaver, Gelgi, Ma, Craig Glenday Organizations: CNN, Guinness, Savoy, Guinness World Records, GWR, Records Locations: London, Turkey, Gelgi, India
Together with her friend Mariah Allen, she started a company called Controlled Chaos in 2021 to sell pre-worn festival outfits. Getting thriftyThough she went to music festivals like Warped Tour when she was in high school, Karasack started regularly going to festivals, especially electronic dance music festivals like Electric Forest, in 2018. So in 2021, she decided to make her own festival outfits, using the sewing skills her grandmother had taught her as a child. In 2024, she'll attend eight music festivals, and she typically goes to nine or 10 per year. "The music festival scene is the most open and welcoming scene that there is — it is so much fun," she says.
Persons: She's, Karasack, Brooklyn Karasack, Andrea Desky, Mariah Allen, she's, Allen, she'll, , Hurricane Milton, Pete, automates, whatever's Organizations: CNBC, Insurance, Transportation, Hulu, Spotify, Hurricane Locations: Brooklyn, St . Petersburg , Florida, TikTok, Florida, Canada, Las Vegas, St
At the hearing, David Smith pointed to his ex-wife’s record as he told the parole board that 30 years is simply not enough time for Susan Smith to spend in prison. The father said he questioned whether he could go on after Susan Smith killed their sons. Susan Smith’s attorney, Tommy A. Thomas, did not respond to a request for comment before or after Wednesday’s parole hearing. The parole board really listens to that,” said Hayden Smith, who conducts research for the state’s department of corrections and has interviewed Susan Smith while incarcerated. The South Carolina Department of Probation, Parole and Pardon Services Public Information Director Anita Dantzler speaks during a news conference after a parole hearing for Susan Smith on Wednesday.
Persons: Susan Smith’s, – Michael, Alex, , Smith, David Smith, , , Tommy Pope, John D, that’s what’s, Susan, ” Pope, Michael, White, Black, Gloria Browne, Marshall, , ” Browne, , Pope, ” David Smith, Susan Smith, Walter Ratliff, “ Susan Smith, ” Smith, “ I’m, … I’m, Tommy A, Thomas, Michael Smith, Lou Krasky, Hayden Smith, Willie Horton, furloughed, Anita Dantzler, David Yeazell, Smith –, Professor Browne, Ida B, Wells, he’s, “ I’d Organizations: CNN, John Jay College of Criminal, Investigators, Judicial, South Carolina Board, Paroles, ” Visitors, University of South, Services, South Carolina Department of Probation, Washington Post Locations: South Carolina, Union, Long, Carolina, Columbia, Union , South Carolina, University of South Carolina, Massachusetts, Southern, Washington
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhat Comcast's cable network spinoff signals to the media industryJessica Reif Erlich, senior media and entertainment analyst at BofA Securities, and Mark Douglas, Mountain CEO, join CNBC's 'The Exchange' to discuss Comcast's newly-announced spinoff of its cable channels, what's next for the media industry, and more.
Persons: Jessica Reif Erlich, Mark Douglas, CNBC's Organizations: BofA Securities Locations: Mountain
AdvertisementTriller hired former TikTok product head Sean Kim to run its video app and a few other subsidiaries. Former T-Mobile marketing exec Kevin McGurn will no longer join as CEO of all of Triller Group. Triller, a media and marketing company that once positioned itself as a competitor to TikTok, announced it's hiring former TikTok product head Sean Kim to serve as CEO of its video app. Starting on December 2, he will oversee the Triller app, a short-video platform that functions similarly to TikTok, Instagram reels, and YouTube shorts. The Triller Group CEO title was meant to go to former T-Mobile marketing executive Kevin McGurn, as announced by the company in October.
Persons: Triller, Sean Kim, Kevin McGurn, TikTok, Kim, Julius, McGurn, it's, Donald Trump Organizations: Mobile, Triller, Holding, Triller Group, AGBA, Sony Music, Universal Music Group, SEC, Congress, YouTube Locations: Hong Kong, Triller
Donald J. Trump’s social media company is considering developing a cryptocurrency payment service, according to a trademark application filed this week, the latest sign of the president-elect’s embrace of the crypto industry. Trump Media & Technology Group filed an application on Monday for a service called TruthFi, which it described as a platform for crypto payments, financial custody services and trading in digital assets. But the initiative appears to be a bid by Trump Media to diversify its business beyond Truth Social, a social media platform whose business relies on Mr. Trump to continuously post messages to his most loyal supporters. Any large-scale crypto project would most likely require Trump Media to acquire another firm, given that it has fewer than three dozen employees. This week, shares in the crypto trading platform Bakkt surged after The Financial Times reported that Trump Media was in talks to buy it.
Persons: Donald J, Trump Organizations: Trump Media & Technology Group, Trump Media, Truth, Financial Times
CNN —Manchester City manager Pep Guardiola signed a new two-year contract extension on Thursday, extending his club tenure to over a decade. “Manchester City means so much to me,” Guardiola said in a Thursday club statement. Begiristain worked with Guardiola at Barcelona and was key to his appointment at City, having joined the club in 2012. City acknowledged the rumors surrounding Guardiola’s future in a social media video post announcing a new extension deal had been struck. The 53-year-old sounds just as driven for success as he was when he signed for City in 2016.
Persons: Pep Guardiola, ” Guardiola, Begiristain –, Begiristain, Guardiola, , Ballon d’Or, Rodri, Organizations: CNN, Manchester City, Barcelona, City, Premier League, Champions League, FA, Barça, Bayern Munich, Citizens, Abu Dhabi United Group, Liverpool, Tottenham Hotspur Locations: Manchester City, , Abu,
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
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBluesky CEO: Our platform is 'radically different' from anything else in social mediaJay Graber, Bluesky CEO, joins CNBC's 'Money Movers' to discuss how Bluesky developed as competitor to X, expectations for growth, and more.
Persons: Jay Graber, Bluesky
Congressional Republicans acknowledge that Vance hasn’t necessarily developed longstanding relationships on Capitol Hill during his abbreviated time in Washington. His coattails turned a 49-51 senate to a 53-47 senate,” Vance wrote on X on Wednesday. The three developed a bond that predates the campaign and has carried into the early days of Trump’s transition. But when you look at the effectiveness of JD in the campaign, there’s no better surrogate for President Trump’s agenda,” the adviser said. “In JD’s view, his role of VP is to take on any issue that President Trump would like him to take on,” the person close to Vance told CNN.
Persons: JD Vance, Donald Trump’s, Vance, Matt Gaetz, he’ll, Pete Hegseth, Vance hasn’t, , North Dakota Sen, Kevin Cramer, Trump, , Donald Trump, ” Cramer, ” Vance, “ Donald J, coattails, Joe Biden’s, Grace Chong, Steve Bannon’s, Chong, ” Trump, Tom Homan, , Tulsi Gabbard, Donald Trump Jr, , Trump’s MAGA, Kamala Harris ’, JD, James Braid, “ Vance, you’ll, ” CNN’s Ted Barrett Organizations: CNN, Capitol, Trump’s Cabinet, Florida Rep, Fox News, Department of Defense, Senate, White, GOP, Cabinet, Trump, FBI, Republican, Democratic, Mar, Elon, JD, Central America —, , White House Locations: Ohio, Washington, North Dakota, Central, Trump
AdvertisementIt used to be that leaving Fox News or other big media outlets was the end of your career. Ask two former Fox hosts, Tucker Carlson and Megyn Kelly, or Bari Weiss, an ex-New York Times editor. People like the former Fox News stars Tucker Carlson and Megyn Kelly, and the former New York Times writer and editor Bari Weiss. At the time, it seemed like we would see more people doing what he did — leaving mainstream media, going to digital, and building an audience there. Unless you're Tucker Carlson.
Persons: Tucker Carlson, Megyn Kelly, Bari Weiss, Chris Balfe, we've, Glenn Beck, TheBlaze, Carlson, Kelly, Weiss, Balfe, Beck, Donald Trump, he's, Fox —, Mike Tyson, Jake Paul, we're, Tucker, Joe Rogan, , He's, Vladimir Putin, Tucker Carlson's, They're, They've, it's Organizations: Fox News, Fox, New York Times, Red, Big Media, Glenn Beck Fox, YouTube, Facebook Locations: TheBlaze, Fox
AdvertisementSean "Diddy" Combs is making his third application for bail in his Manhattan sex-trafficking case. Jeffries is free on bail on serial sex trafficking charges, so Combs should be too, his lawyers say. Federal prosecutors allege that for decades, both men used their wealth and the power of their brands to coerce victims into participating in drug-fueled sex parties. AdvertisementComparisons of Jeffries and Combs are promising to be a prominent part of bail arguments scheduled for Friday in Manhattan. AdvertisementProsecutors are fighting Combs' bail offer, which includes a $50 million bond collateralized by his Miami mansion, plus home confinement with round-the-clock monitoring.
Persons: Sean, Diddy, Combs, Michael Jeffries, Jeffries, Arun Subramanian, Christy Slavik, Marc Agnifilo, Slavik, Agnifilo Organizations: Abercrombie, Fitch, Prosecutors, Mr, Hyatt, Advertisement Defense, US, Office Locations: Manhattan, New York, Miami, Midtown Manhattan, Hyatt New York, Brooklyn, Los Angeles
Follow her on Instagram, Facebook and X.CNN —If you’re thinking of marching into your parent-teacher conference with a laundry list of complaints, think twice. It’s an important reminder for parents as many head into parent-teacher conferences in late November, Wallace said. “Remember that your teachers are there because they have a mission, and that mission is to invest in your child. Modeling civility for your children“We parents today feel like we need to be everything to our children,” Wallace said. “When you talk ill about a coach or a teacher, what you’re doing is you’re undermining that relationship,” she warned.
Persons: Kara Alaimo, It’s, Jennifer Breheny Wallace, Wallace, , , ” Wallace, Lauren Tetenbaum, Tetenbaum, shouldn’t Organizations: Fairleigh Dickinson University, Women, Press, Facebook, CNN, Locations: Westchester County , New York
In this article MAR Follow your favorite stocks CREATE FREE ACCOUNTMarriott International's business operations and growth are solid, CEO Anthony Capuano told CNBC Monday, amid layoffs of more than 800 corporate employees and continued sluggishness in China's tourism market. Marriott International reported net room growth of 6% year-on-year and room rate growth of 2.5%, driven by a strong return of group travel, which Capuano called the "bright, shining star" for the business today. The company raised its year-end guidance for net room growth, and added 9 million new Bonvoy members in the third quarter. That measure turned out to be corporate layoffs, first reported by the travel media company Skift on Nov. 14, which later linked to a notice of "mass layoffs" of 833 Marriott employees posted on a Maryland government labor website. watch nowCapuano denied that the company — which doubled in size during the past decade — grew too big, too fast, at least in terms of corporate employees, instead calling the move a much-needed "reorganization" of its global corporate structure.
Persons: Anthony Capuano, Capuano, Leeny Oberg, , Rather Organizations: Marriott, CNBC, Marriott International, Uber, Starbucks Locations: RevPar, China, Greater China, Maryland, Bethesda , Maryland
CNN —Israeli strikes on northern and central Gaza killed at least 87 Palestinians in 24 hours, local health authorities said, as the death toll in the enclave surpassed 44,000. At least 65 people were killed in Israeli strikes on northern Gaza overnight, a medical official in the enclave told CNN on Thursday, adding that the toll expected to rise. Dr. Hossam Abu Safiya, director of the Kamal Adwan Hospital in Beit Lahiya, northern Gaza, told CNN on Thursday morning that casualties were still being brought to the hospital. The strikes come as the death toll in Gaza climbs after Israel’s renewed offensive in the north of the territory. Meanwhile in Lebanon, Israel launched airstrikes on the southern suburb of Beirut early Thursday, according to Lebanon’s state-run National News Agency (NNA).
Persons: Hossam Abu Safiya, Kamal Adwan, ’ Al, Abu Safiya, Safiya, Ibrahim, Muneer Alboursh, Alboursh, Israel’s, NNA, Avichay Adraee, Amos Hochstein, Hochstein, Organizations: CNN, Ibrahim Amro, Getty, Ministry of Health, Health Ministry, National News Agency, Israel military’s Locations: Gaza, Beit Lahiya, Aqsa, AFP, Gaza City, Sheikh, Lebanon, Israel, Beirut, Haret, Tyre
CNN —American golfer Brian Harman said on Tuesday that a woman is in a coma after trying to save his son from drowning in October. The incident occurred when Harman was in China and his wife and children were vacationing in Ponte Vedra Beach, Florida. Another man, Crane Cantrell, entered the water and pulled Harman’s son to safety. “(Dowdy) went in the water after my son,” Harman told reporters, via the PGA Tour. “They disregarded their selves, went into the water, saved my son, and how do you thank people like that?
Persons: Brian Harman, Harman, Cathy Dowdy, Harman’s, Crane Cantrell, ” Harman, , couldn’t, Cathy, “ She’s, Crane, , Dowdy, Dowdy’s, Mike, we’ve, Simons Organizations: CNN, RSM, PGA, Johns Citizen, Mayo Clinic, Specialty, PGA Tour Locations: American, St, , Georgia, China, Ponte Vedra Beach , Florida, Mayo, Savannah , Georgia, Glynn County
Kenya drops over $2.5 billion of Adani deals after U.S. indictment
  + stars: | 2024-11-21 | by ( ) www.cnbc.com   time to read: +3 min
Gautam Adani, billionaire and chairman of Adani Group, during an event at the Port of Haifa in Haifa, Israel, on Tuesday, Jan. 31, 2023. Under the proposed deal worth nearly $2 billion, the Adani Group was to add a second runway at the Jomo Kenyatta international airport and upgrade the passenger terminal in exchange for a 30-year lease. Representatives from Adani Group did not immediately respond to a request for comment. The Adani Group denied the allegations and said in a statement that it would seek "all possible legal recourse". Senior government officials, including Ruto, had repeatedly defended the deals despite allegations made in 2023 by U.S. short-seller Hindenburg Research - denied by the Adani Group - of improper governance practices at the company.
Persons: Gautam Adani, William Ruto, Ruto, Opiyo Wandayi, George Kamau Organizations: Adani, Port, Kenyan, Jomo Kenyatta, Adani Group, Hindenburg Research, Energy Locations: Port of Haifa, Haifa, Israel, United States, Kenyan
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