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Persons: I’ve, “, ”, Rebecca Rodriguez, It’s, Harry Rabinowitz, Billie, Olive, Jones, Jenni Kayne, TikTok Organizations: NBC, Alexa, Amazon, beechwood, Garmin, Walmart, JCPenney, Casper, Google, Samsung, Navy, Adidas, Wellness, Facebook, Twitter Locations: carabiner, grippy

☆ Scott Bessent: CEOs relieved about Trump pick to lead Treasury
▼ + stars: | 2024-11-25 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

New York CNN —Business leaders say they are relieved President-elect Donald Trump made a safe choice to lead the Department of Treasury after more unconventional selections to other cabinet posts. Hedge fund executive Scott Bessent survived an internal squabble over the role of Treasury secretary, a key position that will face almost immediate deadlines and pressures. “Bessent is reasonable and pragmatic.”JPMorgan Chase CEO Jamie Dimon, one of the most powerful executives on Wall Street, is a fan, too. And for this key position, Trump opted to go with a pick that is not expected to draw a contentious confirmation battle. Trump instead picked Lutnick for Commerce secretary, another key role, though not as prominent as Treasury.

Persons: , Donald Trump, Scott Bessent, “, ”, Jeffrey Sonnenfeld, Jamie Dimon, Dimon, he’s, Jim Rogers, Jim Chanos, Stanley Druckenmiller, George Soros, Trump, Smoot, Hawley, ” Sonnenfeld, Larry Kudlow, Bessent, Biden, Kudlow, Cantor Fitzgerald, Howard Lutnick, Elon Musk, Sonnenfeld, Anthony Scaramucci, Jay Timmons, Mike Pence, ” Timmons, Timmons, Larry Summers, Clinton, CNN’s Fareed Zakaria, Summers, ” Tony Carrk, “ Scott Bessent’s Organizations: New, New York CNN — Business, of Treasury, Democrats, Yale Chief, Institute, JPMorgan, Wall, CNN, Federal Reserve, Congress, National Economic Council, Trump, Commerce, Treasury, Treasury Department, National Association of Manufacturers Locations: New York, ”, China

☆ CLSA strategist says he expects Bank of Japan to hike rates in December and twice more in 2025
▼ + stars: | 2024-11-25 | 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 EmailCLSA strategist says he expects Bank of Japan to hike rates in December and twice more in 2025Nicholas Smith, Japan strategist at CLSA, says Bank of Japan rate hikes would benefit households, corporates and the finance sector.

Persons: Nicholas Smith Organizations: Bank of Japan, Bank, Japan Locations: Japan

☆ The UN climate summit ended in bitterness and accusations of betrayal. Now fears are growing for its future
▼ + stars: | 2024-11-25 | by ( Laura Paddison | ) edition.cnn.com time to read: +6 min

“The dismal outcomes of COP29 … have raised serious concerns about the integrity of the global climate negotiation process,” said Harjeet Singh, of the Fossil Fuel Treaty Initiative. Fossil fuel interests unleashedCOP climate summits are always painstaking and fraught. More than 1,700 fossil fuel industry players and lobbyists registered to attend the summit, heavily outnumbering most country delegations. Climate groups compared the final deal to a band-aid on a bullet wound, and developing countries reacted with fury. Billed as the most important climate summit since Paris, it’s here countries will set out their climate plans for the next 10 years.

Persons: Ilham Aliyev, Rich, ”, Harjeet Singh, Payam Akhavan, COP29, Mukhtar Babayev, Maxim Shemetov, Donald Trump, “, Margaretha Wewerinke, Singh, Akhavan, populists, Friederike Otto, ” CNN’s Ella Nilsen Organizations: CNN, United Nations, Union, COP29 United, Change, Imperial College London, Putin, Co Locations: Baku, Azerbaijan, COP29, US, Paris, Small, States, Russia, Argentina, petrostates, Saudi Arabia, Vanuatu, COP30, Brazil, it’s, petro

UNFCCC Executive Secretary Simon Stiell speaks in the early hours at the conclusion of the UNFCCC COP29 Climate Conference on November 24, 2024 in Baku, Azerbaijan. Ambitious climate action often requires ambitious financing — be it a clean energy transition project or helping developing countries mitigate the effects of natural disasters. Nearly 50,000 people from 200 countries — including, for the first time, the Taliban rulers of Afghanistan — were in Azerbaijan for this year's United Nations Climate Change Conference, with the goal of reaching a critical deal on climate finance. Some of the highest human costs will be paid by smaller nations that are disproportionately affected by climate change, including Pacific Island nations whose existence is threatened by rising seas. But with COP29 weighed down by geopolitics and domestic turmoil, some were reluctant to attend at all.

Persons: Simon Stiell, Donald Trump, General Ban, Ruth Townend, COP29 Organizations: Conference, Change, World Meteorological Organization, House, Pacific Locations: Baku, Azerbaijan, Afghanistan, United States, Paris, London

☆ Republicans gear up for the coming battle over $5 trillion tax cut's costs
▼ + stars: | 2024-11-25 | by ( Emily Wilkins | ) www.cnbc.com time to read: +2 min

As Republicans on Capitol Hill lay the groundwork for extending the 2017 tax cuts, cracks are already emerging on one of the biggest questions: how to handle the cost. Extending the tax provisions is estimated to increase the deficit by $5 trillion, according to the nonpartisan Congressional Budget Office. Yet many lawmakers are quick to dismiss or explain away the number, arguing the tax cuts will ultimately help the economy and, subsequently, revenue for the government. Some top tax leaders, including Sen. Mike Crapo, R-Idaho, the incoming chair of the Senate Finance Committee, have downplayed the $5 trillion estimate, which assumes that the 2017 tax provisions set to expire at the end of 2025 have already done so. Yet a group of deficit hawks are worried about the ballooning deficit, and think any tax package needs to be fully offset.

Persons: Steve Scalise, doesn't, Sen, Mike Crapo, Crapo, we're Organizations: Capitol, CNBC, Senate Finance Committee, Fox Business Locations: Idaho

☆ What Trump's pick for Treasury secretary could mean for global markets
▼ + stars: | 2024-11-25 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +5 min

Scott Bessent speaks at the National Conservative Conference in Washington D.C., Wednesday, July 10, 2024. Dominic Gwinn | Afp | Getty ImagesFinancial markets on Monday welcomed President-elect Donald Trump's pick for U.S. Treasury secretary, with currencies across the globe rallying on hopes that hedge fund manager Scott Bessent can take some of the sting out of Trump's more extreme economic views. "Trump's pick for Treasury Secretary has swelled investor sentiment further with stocks on Wall Street looking set for another flurry of gains," Susannah Streeter, head of money and markets at Hargreaves Lansdown, said in a research note. While many economists are skeptical about the effectiveness of tariffs, Bessent has defended them as "a useful tool for achieving the president's foreign policy objectives." Some strategists expect Trump's Treasury chief pick to be welcomed as good news for Asian currencies over the coming months.

Persons: Scott Bessent, Dominic Gwinn, Donald Trump's, paring, Trump, Bessent, Susannah Streeter, Hargreaves Lansdown, Scott Bessent's, George Soros, Trump's, Scott Spratt, Donald Trump, Brandon Bell Organizations: National Conservative Conference, Washington D.C, Afp, Getty Images, U.S, Treasury, Treasury Department, Connecticut, Key Square, Trump, Hargreaves, China News Service, US, Rabobank, Trump's Treasury, Societe Generale Corporate, Investment Banking, Asia FX, SpaceX, Via Reuters Locations: Washington, London, Xinfeng County, Ganzhou City, Jiangxi Province, China, U.S, Mexico, Treasuries, Brownsville , Texas

☆ COP29 agreement is better than having no agreement, says Dutch climate minister
▼ + stars: | 2024-11-25 | 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 EmailCOP29 agreement is better than having no agreement, says Dutch climate ministerSophie Hermans, minister of climate policy and green growth, and deputy prime minister of the Netherlands, discusses the COP29 finance deal.

Persons: Sophie Hermans Locations: Netherlands

☆ Virgin Atlantic CEO says UK budget is 'tax on growth' with air duties set to rise
▼ + stars: | 2024-11-25 | by ( Jenni Reid | ) www.cnbc.com time to read: +3 min

Shai Weiss, chief executive officer of Virgin Atlantic Airways Ltd., on day two of the Farnborough International Airshow in Farnborough, UK, on Tuesday, July 23, 2024. LONDON – Virgin Atlantic CEO Shai Weiss on Monday said the U.K. Labour government's landmark October budget presented a "tax on growth" due to higher rates placed on the aviation industry. "I would call [the Budget] a tax on growth," Weiss said Monday, adding that while it was necessary to cover Britain's budget deficit, it was also important to recognize the contribution of aviation to the wider U.K. economy. For journeys between 2,001 and 5,500 miles, APD will rise to £102 from £90 in economy and to £244 from £216 in other classes. CNBC has contacted the U.K. Treasury for comment.

Persons: Shai Weiss, Monday, Weiss, Louise Haigh, Rachel Reeves, Rain Newton, Smith, Bill Organizations: Virgin Atlantic Airways Ltd, LONDON, Virgin Atlantic, Labour government's, Labour, Conservative, Air Passenger, Treasury, Aviation, . Transport, Finance, of British Industry, National Insurance, CNBC Locations: Farnborough, London

In one instance he requested as much as $100,000 per month in exchange for his services, according to sources familiar with the matter. As of Monday afternoon, it does not appear the transition team will heed that recommendation. “I am honored to work for President Trump and with his team,” Epshteyn said in a statement to CNN. Trump’s legal team was investigating several other similar alleged incidents, according to sources familiar with the situation. “Boris is a Trump original—loyal and effective from the very beginning,” a Trump transition official told CNN.

Persons: Donald Trump, Boris Epshteyn, Trump, Epshteyn, “, ” Epshteyn, ”, elect’s, Boris, ” Trump, Steven Cheung, Scott Bessent, Bessent, Jonathan Drake, Susie Wiles, you’re, ’, “ He’s, “ Boris, President Trump, Matt Gaetz, Donald Trump's, Nathan Howard, Matt Gaetz’s, Gaetz, Elon Musk, Brandon Bell Organizations: CNN, Trump, Trump Make, Mar, Reuters, White, Gaetz, Department of Justice, Florida Rep, SpaceX, Georgetown Advisory Locations: Lago, Palm Beach , Florida, Epshteyn, Asheville , North Carolina, Washington, Washington ,, Florida, Brownsville , Texas, Georgetown, New York, Georgia, Arizona

☆ Inside the Trump-Fueled Lobbying Frenzy From Mar-a-Lago to Washington
▼ + stars: | 2024-11-25 | by ( Dave Levinthal | ) www.businessinsider.com time to read: +9 min

Never before, lobbyists say, has the geographic center of power shifted so dramatically with the arrival of a new administration. By leveraging his access to Trump, Ballard Partners was able to compete with the old white-shoe lobbying firms that have been the industry's dominant players for decades. Corporate clients need lobbyists who appreciate that Trump is "disrupting the status quo in Washington," Sayfie, the Ballard lobbyist, says. Some major companies, lobbyists say, have been caught off guard by the rapid pace of Trump's transition moves. Those who bankroll his staff and travel before he takes office, lobbyists say, stand to build connections and curry favor with the once and future commander in chief.

Persons: Donald Trump, Bill Helmich, Trump, Evan Power, who's, MAGA, Justin Sayfie, we've, Andrew Jackson, Trump's, Brian Ballard, Ballard, Jeffrey Brooks, Adams, Reese, Susie Wiles, Pam Bondi, Alex Brandon, Matt Slocum, Colin Roskey, Dave Wenhold, Miller, There's, Scott Mason, Knight, John Deere, Mason, Dave Levinthal Organizations: White House, Business, Florida GOP, Mar, Trump, Republicans, America, Washington, Ballard Partners, Google, American Airlines, Honda, Reynolds American, Geo Group, American Health Care Association, White, Facebook, Washington D.C Locations: Washington, —, Florida, Palm Beach, Doral, Mar, Holland

☆ 'Do I have a trust fund?' Viral 'teenager texts' highlight how little some kids know about money
▼ + stars: | 2024-11-25 | by ( Jessica Dickler | ) www.cnbc.com time to read: +1 min

Chip Leighton's viral 'teenager texts' highlight how little some kids know about money. As the creator of "The Leighton Show," his social media posts, which have collectively been seen more than 250 million times, hilariously highlight some of the texts teenagers send their parents. Leighton, who has two children of his own, receives thousands of messages from parents of teenagers across the country — some of which he uses for content. covers some of the best — or worst — texts from teenagers. One section is devoted entirely to money-related topics, often related to a first job or taxes.

Persons: Chip Leighton's, Chip Leighton, she'd, Leighton, it's Organizations: Finance

☆ West Bank: Palestinians fear more evictions under Trump presidency
▼ + stars: | 2024-11-25 | by ( Nic Robertson | ) edition.cnn.com time to read: +6 min

CNN —Where the high hills of the occupied West Bank tumble into the Jordan valley, half a dozen heavy Israeli diggers pound the ancient rocks around the Palestinian village of Bardala. Such evictions are common in the West Bank, according to the United Nations. During a visit to Israel in 2017, the former governor of Arkansas told reporters: “There is no such thing as a West Bank. The eviction notice Israeli officials handed to a Palestinian farmer near the village of Bardala in the occupied West Bank, ordering him to leave his land. The hard reality in Bardala, as elsewhere in the occupied West Bank, is that even before Trump’s approaching inauguration, the Palestinian state had become a distant dream.

Persons: Khalid Sawafta, –, Benjamin Netanyahu’s, Donald Trump’s, Mike Huckabee, ”, Nic Robertson, CNN “, Yishai Fleisher, Huckabee, Mike, ” Fleisher, David Friedman, Friedman, Fleisher, “ David Friedman, He’s, Alon Pinkas –, Shimon Peres, Trump, ” Donald Trump’s, Pinkas, Biden, “ He’s, ” Pinkas, Saudi Crown Prince Mohammed bin Salman, Israel, Mohammad Shtayyeh, it’s, Huckabee who’ll, Shtayyeh, Belazel Smotrich, God’s, Ibrahim Sawafta, Wadi Salman, Ibrahim, they’d, Khalid, “ Organizations: CNN, Bank, Israel Defense Forces, West Bank, United Nations, Jewish, Gali Tibbon, Getty, Abraham Accords, United Arab, Saudi, Former Palestinian Authority Locations: Jordan, Bardala, Israel, Arkansas, Judea, Samaria, Palestinian, Jerusalem, Israeli, Beit El, Ramallah, Gali, AFP, United Arab Emirates, Bahrain, Morocco, Gaza, Saudi Crown, Saudi Arabia, Wadi

☆ Can Saudi Arabia keep pace with its ambitious mega-project spending spree?
▼ + stars: | 2024-11-25 | by ( Natasha Turak | ) www.cnbc.com time to read: +6 min

Digital render of NEOM's The Line project in Saudi Arabia The Line, NEOMIn Saudi Arabia's northwestern desert, a sprawling construction site replete with cranes and pile drivers sits encircled by a recently-built road. The changes come as the Saudi deficit grows and the outlook for oil demand, along with global oil prices, sees sustained lows. Construction for The Line project in Saudi Arabia's NEOM, October 2024 Giles Pendleton, The Line at NEOMThat begs the question: does Saudi Arabia have enough money to meet its lofty goals? Saudi Arabia has poured tens of billions into projects that have yet to hint of any financial returns." Saudi Arabia has an A/A-1 credit rating with a positive outlook from S&P Global Ratings and an A+ rating with a stable outlook from Fitch.

Persons: Prince Mohammed bin Salman, Saudi Arabia's NEOM, Giles Pendleton, Andrew Leber, Leber, Mohammed Al, Jadaan Organizations: Saudi, Public Investment Fund, CNBC, Tulane University, Saudi Finance, Fitch, —, P Global, Al Locations: Saudi Arabia, NEOM, Saudi, Neom, Saudi Arabia's, Riyadh

☆ Rising air travel demand has created an opportunity in this corner of the bond market, says Nuveen
▼ + stars: | 2024-11-25 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

If they look beyond their travel plans, they may even spy an investment opportunity, according to Nuveen. The Transportation Security Administration is expecting one of the busiest Thanksgiving travel periods on record for the nation's airports. That is keeping pace with the increase in air travel demand in recent years. "So as travel increases, a lot of what's being financed is these amenities and lounges and better restrooms." What Nuveen looks for There are a number of airport revenue bonds within Nuveen's muni funds.

Persons: Daniel Close, Munis, John F Organizations: Transportation Security, TSA, American Municipal Bond Fund, Airports, AMT, Republican, AAA, LaGuardia, Kennedy, Dallas Fort Worth International Locations: White, Nuveen's, New York, Dallas

☆ Banana auction billionaire's $30 million investment in Trump's crypto token highlights new ways to enrich president-elect
▼ + stars: | 2024-11-25 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +2 min

Justin Sun, founder of blockchain platform Tron, poses for a photograph in Hong Kong, China, on Friday, May 8, 2020. Tron blockchain founder Justin Sun has invested $30 million into Donald Trump's crypto project, World Liberty Financial, he announced Monday. "We are thrilled to invest $30 million in World Liberty Financial @worldlibertyfi as its largest investor," Sun wrote in a post on X. In exchange, Trump's LLC received billions of tokens and the right to 75% of revenues above a $30 million threshold. Sales now appear to have crossed the $30 million threshold to trigger revenue distribution to Trump's LLC.

Persons: Justin Sun, Tron blockchain, Donald Trump's, Sun, Trump, Bitcoin, TRON, WLFI, Zachary Folkman, Folkman Organizations: Liberty Financial, Liberty, Trump, Trump's, America, Etherscan Locations: Hong Kong, China

☆ Millennials say they plan to spend big this holiday season — 'I see a lot of optimism,' expert says
▼ + stars: | 2024-11-24 | by ( Jessica Dickler | ) www.cnbc.com time to read: +2 min

"I see a lot of optimism going into the holiday season," said Charlie Wise, TransUnion's senior vice president and head of global research and consulting. More from Personal Finance:Thanksgiving meals are expected to be cheaper in 2024How Trump's win could change your health careRemote work is helping Americans take longer trips"It's clear that millennials will play the largest role this holiday shopping season with the greatest expected spend," Wise said. Holiday spending between Nov. 1 and Dec. 31 is forecast to increase to a record total of $979.5 billion to $989 billion, according to the National Retail Federation. Even as credit card debt tops $1.17 trillion, holiday shoppers expect to spend, on average, $1,778, up 8% compared with last year, Deloitte's holiday retail survey found. Meanwhile, 28% of holiday shoppers surveyed in September said they still had not paid off the gifts they purchased for their loved ones last year, according to a holiday spending report by NerdWallet, which polled more than 1,700 adults.

Persons: TransUnion, Charlie Wise, TransUnion's, Wise Organizations: Finance, National Retail Federation, NerdWallet

☆ Meet the typical billionaire. He's not exactly surprising.
▼ + stars: | 2024-11-24 | by ( Madeline Berg | ) www.businessinsider.com time to read: +3 min

If you're looking for a billionaire, you might as well be looking for a man in finance, trust fund, 6'5", blue eyes. AdvertisementMost — 87% — of billionaires are male, and have amassed their fortunes in different ways than the world's 431 female billionaires. While the majority of all billionaires, about 60%, are fully self-made, men are more likely to be than female billionaires. In fact, 76% of the world's female billionaires have inherited at least part of their wealth, compared to 35% of male ones. The interests of male and female billionaires follow suit: 71% of women billionaires count philanthropy as a top interest, while sports was the most popular one for male billionaires.

Persons: isn't, Elon Musk, Jeff Bezos, Altrata, maters Locations: New York City, United States, China, Germany

☆ Rich nations raise COP29 climate finance offer in bid to break deadlock
▼ + stars: | 2024-11-23 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +5 min

The agreement was criticized by developing nations, who called it insufficient, but United Nations climate chief Simon Steill hailed it as an insurance policy for humanity. It also laid bare divisions between wealthy governments constrained by tight domestic budgets and developing nations reeling from costs of storms, floods and droughts. Delegates applaud during a closing plenary meeting at the COP29 United Nations Climate Change Conference, in Baku, Azerbaijan on Nov. 24, 2024. Donald Trump’s victory this month has raised doubts among some negotiators that the world’s largest economy would pay into any climate finance goal agreed in Baku. The showdown over financing for developing countries comes in a year that scientists say is destined to be the hottest on record.

Persons: Simon Steill, we’ve, ” Steill, Murad Sezer, Donald Trump’s Organizations: Nations, COP29 United, Change, Republican Locations: BAKU, Baku, Azerbaijan, Paris, U.S, Canada, China, Baku . Trump, Ukraine, Africa, Asia, South America, Valencia, Spain

☆ Israel announces that West Bank settlers no longer face detention without trial
▼ + stars: | 2024-11-23 | by ( Freddie Clayton | Freddie Clayton Is A Freelance Journalist Based In London. | ) www.nbcnews.com time to read: +5 min

Israel’s new defense minister has said security forces would no longer apply administrative detention orders to Jewish settlers in the occupied West Bank, and thus only Palestinian suspects can be held indefinitely without trial. Israel Katz, a long-time ally of Israeli Prime Minister Benjamin Netanyahu, was appointed defense minister earlier in November and announced the decision on Friday. In 2019, Trump abandoned the long-held U.S. position that West Bank settlements are illegal before it was restored by President Joe Biden. Settler immunity from administrative detention coincides with heightened rhetoric from Israeli ministers calling for the West Bank to be annexed. The U.N. said four Palestinian children have been killed every week in the West Bank on average since the current conflict began, a three-fold increase from the first nine months of 2023.

Persons: Donald Trump, Israel Katz, Benjamin Netanyahu, Israel Katz Bebeto Matthews, B’Tselem, Yair Lapid, Israel's, Itamar Ben, Trump, Joe Biden, Israel’s, Bezalel Smotrich, Trump’s, Smotrich, “, ”, Mike Huckabee, Yossi Mekelberg, Defense Lloyd J, Austin, Katz Organizations: West Bank, Palestinian Prisoner Society, National, Palestinian Authority, Arkansas Gov, Arutz, United Nations Office, Humanitarian Affairs, Chatham House’s, NBC, Defense Locations: Gaza, Lebanon, Israel, Bank, U.S, Washington, Arkansas, East, North Africa, South Lebanon

Nearly 50,000 people from 200 countries — including, for the first time, the Taliban rulers of Afghanistan — were in Azerbaijan for this year’s United Nations Climate Change Conference, with the goal of reaching a critical deal on climate finance. Participating world leaders Tuesday at the United Nations Climate Change Conference. “It is really disappointing to see that world leaders haven’t shown up in force in solidarity,” she added. While Trump “may put climate action on the back burner,” U.S. climate envoy John Podesta said, “the work to contain climate change is going to continue.”U.S. Energy Secretary Jennifer Granholm said states, cities, nongovernmental organizations and companies are still “all-in” on pursuing climate goals. British Prime Minister Keir Starmer speaks Tuesday on day two of the COP29 climate conference.

Persons: Donald Trump, Alexander Nemenov, General Ban, ”, Ruth Townend, COP29, Joe Biden, Xi Jinping, Keir Starmer, Emmanuel Macron, Olaf Scholz, Justin Trudeau, Shigeru Ishiba, ” Townend, haven’t, Matiul Haq Khalis, Laurent Thomet, Trump, John Podesta, Jennifer Granholm, ” Granholm, Darren Woods, Who, Ilham Aliyev, Carl Court, Getty Images Aliyev, Adel, Lord Adair Turner, Britain, “, James Marape, Marape, Asadullah Jawid Organizations: Change, United Nations, Getty, World Meteorological Organization, House, Pacific, British, Seven, Canadian, Japanese, Environmental Protection Agency, Getty Images, U.S . Energy, Infrastructure Law, NBC, Exxon, Independent, Climate Finance, U.S, Energy, Commission, Union, Baku, American University of Locations: BAKU, Azerbaijan, Afghanistan, United States, Paris, AFP, London, Baku, U.S, ”, Saudi, Adel Al, Saudi Arabia, Saharan Africa, China, Papua New Guinea, American University of Afghanistan

AdvertisementPresident-elect Donald Trump has started making picks for key cabinet positions and other White House jobs. He started by naming Susie Wiles his chief of staff, making her the first woman to hold the role. Here's a running list of those Trump has tapped for his administration. Now that President-elect Donald Trump has secured another four years in the White House, he's beginning to staff his administration. AdvertisementHere's a running list of Trump's staff picks, who will determine everything from his daily schedule to the ins and outs of finance, defense, and education.

Persons: Donald Trump, Susie Wiles, Here's, Trump, Trump's, Matt Gaetz Organizations: White Locations: Florida

☆ How tech bros bought 'America's most pro-crypto Congress ever'
▼ + stars: | 2024-11-23 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +12 min

Bernie Moreno, Republican U.S. Senate candidate from Ohio, attends a campaign event in Holland, Ohio, on Saturday, October 26, 2024. In total, crypto-related PACs and other groups tied to the industry reeled in over $245 million, according to Federal Election Commission data. Crypto accounted for nearly half of all corporate dollars that flowed into the election, according to nonprofit watchdog Public Citizen. It was one of the top spending committees of any industry this cycle and exclusively gave to pro-crypto candidates running for Congress. "Welcome to America's most pro-crypto Congress ever," Armstrong wrote on X on Nov. 5.

Persons: Bernie Moreno, Moreno, Sen, Sherrod Brown, Tom Williams, Donald Trump, Coinbase, Crypto, Marc Andreessen, Ben Horowitz, David Sacks, " Moreno, Brian Armstrong, Fred Ehrsam, Faryar Shirzad, Armstrong, Ehrsam, Coinbase's Armstrong, Gary Gensler, Brown, Elizabeth Warren, FTX, Fairshake, gunning, Republican Jim Justice, Democratic Sen, Joe Manchin, Katie Porter, Porter, he'd, Horowitz, Sacks, Coinbase's Shirzad, Moreno wasn't, Shirzad, David McIntosh, McIntosh, hasn't, JD Vance's, Sam Bankman, Gensler, Andreessen Horowitz, Cameron, Tyler Winklevoss, Ripple, Chris Larsen, JD Vance, Paul Grewal, Jesse Powell, Trump, Phil Potter, Multicoin Capital's Kyle Samani, Fred Wilson, Charles Cascarilla, Mike Belshe, Solana, Anatoly Yakovenko, Wences Casares Organizations: Republican U.S, Cq, Inc, Getty, Democratic, Banking Committee, Public Citizen, Crypto, House, Securities and Exchange Commission, SEC, Senate, Committee, Republicans, Protect, Fairshake, Defend, Jobs, Republican, New, CNBC, Andreessen, Craft Ventures, Club for Growth, Growth, Politico, PAC, Labs, Senate Inc, Trump, Union Square Ventures, Xapo Bank Locations: Republican, Ohio, Holland , Ohio, Cleveland, Coinbase, U.S, Arizona, Michigan, West Virginia, California, Washington, FTX, Nashville , Tennessee

☆ UN talks in disarray as a draft deal for climate cash is rejected by developing nations
▼ + stars: | 2024-11-23 | by ( Story Associated Press | ) edition.cnn.com time to read: +6 min

Baku, Azerbaijan AP —As nerves frayed and the clock ticked, negotiators from rich and poor nations were huddled in one room Saturday during overtime United Nations climate talks to try to hash out an elusive deal on money for developing countries to curb and adapt to climate change. We need to speak to other developing countries and decide what to do,” Evans Njewa, the chair of the LDC group, said. The rough draft discussed on Saturday was for $300 billion in climate finance, sources told AP. Until we’re tired, until we’re delusional from not eating, from not sleeping.”Activists protested for climate finance grants for poor countries at the United Nations talks. Sean Gallup/Getty ImagesWith developing nations’ ministers and delegation chiefs having to catch flights home, desperation sets in, said Power Shift Africa’s Mohamed Adow.

Persons: ” Evans Njewa, Susana Mohamed, John Podesta, Juan Carlos Monterrey Gomez, ” Gomez, Sean Gallup, Mohamed Adow, ”, Teresa Anderson, Luis Acosta, “ We’re, Eamon Ryan, it’s, ” Ryan, Alden Meyer, ” Jiwoh Emmanuel Abdulai, “, Nabeel Munir, Monterrey Gomez Organizations: Azerbaijan AP, Nations, Alliance of Small, Associated Press, European Union, ”, United Nations, Action, Colombia's, Unit for, Risk Management, Getty Locations: Baku, Azerbaijan, Colombia, United States, Panama, Paris, AFP, Sierra Leone, Pakistan

☆ World agrees to climate deal on financial aid for poor countries after summit nearly implodes
▼ + stars: | 2024-11-23 | by ( Laura Paddison | ) edition.cnn.com time to read: +4 min

But at 2:40 a.m. local time Sunday, more than 30 hours after deadline, the gavel finally went down on the agreement between nearly 200 countries. “It has been a difficult journey, but we’ve delivered a deal,” said Simon Stiell, head of the United Nations Framework Convention on Climate Change. Rich countries, which are overwhelmingly responsible for historical climate change, agreed in 2009 to provide $100 billion a year by 2020 to developing countries. The G77 group of developing countries had called for a sum of $500 billion. “We have arrived at the boundary between what is politically achievable today in developed countries and what would make a difference in developing countries,” said Avinash Persaud, special advisor on climate change to the President of the Inter-American Development Bank.

Persons: we’ve, ”, Simon Stiell, Tina Stege, ” Stege, Chandni Raina, CO29, Avinash Persaud, Li Shuo Organizations: CNN, United Nations, Inter, American Development Bank, Asia Society Policy Institute Locations: COP29, Baku, Azerbaijan, Marshall Islands, China, Saudi Arabia

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