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Gold trades in tight range ahead of US inflation data
  + stars: | 2024-11-27 | by ( ) www.cnbc.com   time to read: +2 min
Gold prices flitted within a narrow range on Wednesday as investors awaited key U.S. inflation data for insights into the potential scale of a Federal Reserve rate cut next month. Spot gold was steady at $2,635.56 per ounce, as of 0222 GMT, moving largely within a slim $9 range during the session. Gold is traditionally considered a safe-haven investment during periods of economic and geopolitical uncertainty, including trade wars and other conflicts. Investors digested a handful of economic data on Tuesday indicating the economy remained on solid footing. Elsewhere, China's net gold imports via Hong Kong in October fell from September and were down 43% from the previous year, data showed.
Persons: Bullion, Kyle Rodda, Rodda Organizations: Federal, Capital.com, Federal Reserve, U.S . Federal Reserve Locations: ., Israel, Lebanon, Capital.com . U.S, France, Iran, Hong Kong
If those new retirees take Social Security benefits before their full retirement age — which is 66 to 67, depending on date of birth — they take permanently reduced benefits. The median age for claiming Social Security benefits is 64, according to EBRI. They may lose five years of income, assuming they intended to retire at their full retirement age of 67, Collinson said. They may also lose potential employer-sponsored retirement benefits and additional credits towards their Social Security work history. Reset financial goals after an early retirementPeople who are forced into early retirement may not have a lot of financial flexibility.
Persons: Catherine Collinson, Collinson, They're, Ted Jenkin, Jenkin Organizations: Transamerica Institute, Transamerica Center, Retirement Studies, Social, Social Security, CNBC FA Council Locations: Atlanta
AdvertisementPatrick J. Adams left "Suits" after realizing he only stayed for the money. Patrick J. Adams knew it was time to leave "Suits" after a conversation with his mom. While Adams left the show after the seventh season in 2018, Gabriel Macht, who plays Harvey Spector, stayed on for the final two seasons. AdvertisementFirst released in 2011, "Suits" experienced a resurgence in popularity after being rereleased on streaming platforms like Netflix. AdvertisementSimilarly, Ashley Tan left her job as a JP Morgan analyst after feeling like she was wasting her life.
Persons: Patrick J, Adams, Troian, Jesse Tyler Ferguson, Mike Ross, Meghan Markle, You've, Gabriel Macht, Harvey Spector, Gabriel, Bellisario, I'd, Aaron Korsh, Macht, AJ Eckstein, Ashley Tan, It's Organizations: Canadian -, Harvard Law, Netflix, Nielsen, Business Insider Locations: Canadian - American, Toronto
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Persons: APYs, , Cash, we've Organizations: Federal Reserve, Cash Locations:
— Thanks, Marek We do two things right off the bat after identifying a stock that we might want to buy. Remember, as an investor, you want to know every little aspect of every company whose stock you buy or think about buying. Financial statements In addition to understanding a company from a high level, we can't take a position before analyzing the financial statements and getting a sense of the health of the company in question. All three are incredibly important, however, of the three, the balance sheet is going to be the one to look at first. Knowing what shape the balance sheet is in gives you a better sense of the company's outlook.
Persons: Jim Cramer, Marek, that's, it's, Linde, Myers Squibb, Myers, Karuna, Jim Cramer's, Jim Organizations: Amazon, Linde, Myers, Karuna Therapeutics, Bristol, LIN, CNBC Locations: Bristol
Some of the very best menswear deals include sitewide sales at Bonobos, Todd Snyder, and Everlane. You'll also find iconic brands like Ralph Lauren, Timberland, and The North Face with deep discounts on a wide range of items. The best Black Friday deals on shirts, sweaters, hoodies, and blazersThis Black Friday, we're seeing amazing deals on all sorts of tops. Additionally, you'll find many deals on the best men's jeans from brands like Todd Snyder, Abercrombie, and Levi's. View at BonobosBonobos Gramercy Premium Jeans $104.30 $149.00 Save 30% Yes, Bonobos does jeans as well as they do chinos.
Persons: There's, Todd Snyder, You'll, Ralph Lauren, Timberland, Tommy John's, Bonobos, Todd Snyder Ralph Lauren Polo, Ralph Lauren Polo Bear, Ralph Lauren Ralph Lauren, Ralph Lauren Ralph Lauren Big, Lauren, Ralph Lauren Ralph Lauren Loopback, Ralph Lauren Bonobos, you'll, Abercrombie, Fitch, Jean, Amir Ismael, We've, Todd Snyder Todd Snyder, Allbirds Organizations: Business, Todd Snyder Luxe, Montauk Polo, Fleece, Black, Abercrombie, Abercrombie & Fitch, Chino, luxe, Adidas, Nike, Tree Locations: chino, Columbia
AdvertisementGuy Fieri's youngest son, Ryder, gets to choose what the family eats whenever he's back from college. That's because food "just doesn't taste the same as it does at home," Fieri told People, recalling his son's words. Guy Fieri's youngest son, Ryder, is back from college and ready to indulge in his dad's cooking. And I'm like, man, that brings tears to my eyes," Fieri told People. Although his youngest son currently lives in a college dorm, Fieri says he "can't wait" for him to get an apartment.
Persons: Guy Fieri's, Ryder, Fieri, There's, he's, He'll, Hunter, Lori, Cristine Struble Organizations: UCLA, San Diego State University, US Naval Academy, San Diego, Food Network, Food, University of Massachusetts Amherst, Virginia Tech, Business Locations: San Diego State, America
AdvertisementThe Macy's Thanksgiving Day Parade was first held on November 27, 1924. On Thursday, November 28, Macy's will kick off its 98th Thanksgiving Day Parade. But what's extra special about this year's parade is that it's also the 100-year anniversary of the first Macy's parade — then called the Macy's Christmas Parade — which was held on November 27, 1924. AdvertisementSince then, the parade has grown into a spectacle of giant helium balloons, extravagent floats, marching bands, Broadway performances, celebrity appearances, and more. So, as more than 5,000 volunteers, 32 balloons, and 22 floats prepare to grace the streets of New York City, here's a look back at Macy's first parade and how the tradition has evolved over the last 100 years.
Persons: It's, Macy's, it's, Kathleen Wright Organizations: NBC Locations: New York City
BI spoke to a Wizards of the Coast executive to hear how the company is trying to keep "D&D" hot. For half a century, the game of "Dungeons & Dragons" has been a cornerstone of the nerdy experience. Fresh contentWOTC's plan centers on refreshing D&D's core content, including rulebooks like the "Player's Handbook" (PHB), "Monster Manual," and "Dungeon Master's Guide." Lanzillo highlighted one of WOTC's major ongoing collabs: "The Twenty-Sided Tavern," an off-Broadway theater production that's a live, stage-play version of a "D&D" game. AdvertisementDavid Carpenter, the creator of "Twenty-Sided Tavern," told BI that the show involves the audience using software to participate in the two-and-a-half-hour-long program.
Persons: It's, Elon Musk, it's, Chris Cocks, Jess Lanzillo, We've, Lanzillo, WOTC, k0gr6kMDXC, , Matthew Mercer, — there's, who've, that's, David Carpenter, Carpenter, Bronwen Sharp Felicia Day, Iyengar, Erika Ishii, Gen Organizations: Coast, Hasbro, WOTC, Lanzillo Locations: Converse, New York, North America
It's been a truism that Ukraine has needed the capability to strike the Russian rear for many years at this point." Related storiesA pattern of late aidThe US and other allies have been repeatedly criticized for slowness and hesitancy in giving Ukraine aid and permissions. One American fighting in Ukraine told BI, "It feels like everything that we've been getting has been either too late or it's just enough to barely hold on." AdvertisementA US Army Tactical Missile System (ATACMS) firing a missile into the East Sea during a South Korea-US joint missile drill. Savill said of Biden's missile decision that "the impact may be more political, albeit with a narrowing window of opportunity."
Persons: Joe Biden, Donald Trump, George Barros, It's, Lockheed Martin, Matthew Savill, Michael Bohnert, ISW, we've, Volodymyr Zelenskyy, There's, Barros, Putin, Bohnert, counterattacking, Savill, Ukraine Biden, Trump Organizations: MGM, Tactical Missile Systems, Lockheed, Storm, UK Ministry of Defence, Royal United Services Institute, Russian Defense Ministry Press Service, AP, Biden, Politico, Reuters, RAND Corporation, NATO, Army Tactical Missile, Korean Defense Ministry, Getty, Ukraine, Trump Locations: Ukraine, Russia, Russian, Kursk —, Ukrainian, Kursk, Russia's Kursk, South Korea
AdvertisementDonald Trump said he'd put in place 25% tariffs on Mexican imports on his first day back in the White House. Mexico's president said her country would retaliate, which she said would impact joint ventures. During a press conference on Tuesday, Sheinbaum said that "one tariff will be followed by another, and so on, until we put joint ventures at risk." Sheinbaum said, adding that tariffs "would trigger inflation and job losses in the US and Mexico." Meanwhile, President Sheinbaum said that "dialogue is the best path to achieve understanding, peace, and prosperity for our two countries."
Persons: Donald Trump, he'd, Claudia Sheinbaum Pardo, Trump, Sheinbaum, Gabriela Siller, Wendy Cutler, Derek Scissors, Scott Bessent Organizations: Biden, Motors, Ford Motor Company, Banco Base, Associated Press, Asia Society Policy Institute, Trump, American Enterprise Institute Locations: Mexico, Canada, China
Financial stocks are the best-performing group in 2024 and, even though they're widely thought to have more room to run as a sector, a subset of them are even more favorably positioned. The S & P 500 financial sector has surged 36% so far this year, outpacing both the communication services and information technology sectors that contain all the high-flying megacap technology stocks. XLF YTD mountain Financial Select Sector SPDR Fund (XLF) in 2024. "If this bull market persists, the upside in those fintech names could be 3-4x what we see in the overall XLF," Ginsberg said. Financial stocks may be punished first in the event of a correction in the broader market, Ginsberg said.
Persons: outpacing, Donald Trump's, They've, Trump, Sam Stovall, Rob Ginsberg, Ginsberg Organizations: Basel, CFRA Research, Wolfe Research, P Bank ETF, CNBC, PayPal
"Everyone is coming to the table because of President Trump," said Florida Rep. Mike Waltz. Donald Trump's team has claimed credit for the cease-fire deal between Israel and Hezbollah, which took effect in Lebanon on Wednesday morning. Mike Waltz, the President-elect's national security advisor, posted on X that "everyone is coming to the table because of President Trump." AdvertisementAccording to the Associated Press, a senior Biden administration official said that Trump's team was kept informed about negotiations as they unfolded. The official added that the incoming Trump team was not directly involved in the talks.
Persons: President Trump, Mike Waltz, Trump, Donald Trump's, Joe Biden, Richard Goldberg, Goldberg, Benjamin Netanyahu, Biden, Vance, Marco Rubio, Pete Hegseth, Tulsi Gabbard, John Ratcliffe Organizations: Israel, Florida, Lebanese, Associated Press, Biden, Trump, Washington, Foundation, Defense of Democracies, AP, The Times, World Bank Group, Business, White Locations: Gaza, Israel, Lebanon, Iran
Elon Musk and the president-elect are having "a lot of fun," she said. Maye Musk called her son "the genius of the world" and backed him to slash government waste. Elon Musk and Donald Trump are two of the world's wealthiest and most powerful men. Musk's mother, Maye, commented on their budding bromance in an interview on Fox Business this week: "They just seem to be having fun, a lot of fun, and that's nice for both of them to have fun." However, the negative comments are very… pic.twitter.com/lWLiG1mqfs — Maye Musk (@mayemusk) November 4, 2024Many mothers champion their children and sing their praises, and Maye is no exception.
Persons: Donald Trump, Elon Musk, Maye Musk, Musk, Maye, Elon, dietitian, she's Organizations: Fox, Elon, Trump, White House, Fox Business, SpaceX, Bloomberg, Trump's, USA Locations: America, New York, Lago, Florida, Texas
AdvertisementEarning a perfect score on "Dancing With the Stars" is a big deal. Nev Schulman from MTV's "Catfish" got the first perfect score for season 29. JoJo Siwa and Chandler Kinney got the first perfect scores on their respective seasons. It's hard to earn a perfect score on "Dancing With the Stars" — but it still happens every year. Here's the first couple to earn perfect 10s across the board on each season.
Persons: Nev Schulman, JoJo Siwa, Chandler Kinney
AdvertisementDolly Parton once told me she's a huge fan of mac and cheese and loves making it at home. Now, she's sharing her Thanksgiving mac and cheese recipe with the world. When I interviewed Dolly Parton for the first time, the country music icon told me she was a huge fan of mac and cheese and loved making it at home. I tested a few of their Thanksgiving dishes, including the holiday potatoes and sweet potato casserole. But it was the mac and cheese I was most excited to try.
Persons: Dolly Parton, Parton, Rachel Parton George Locations: cheddar, Velveeta, American
AdvertisementMusk and Ramaswamy have plans for the DOGE, and Workday sees an opportunity. Workday aims to capitalize on federal agencies' shift from on-premises to cloud systems, its CEO said. Workday, the human resources software company that workers love to hate, is embedded in more than half of Fortune 500 companies. The $72 billion company has been building up its government customer base, from Oklahoma's Tulsa County to the US Department of Energy. On Workday's Tuesday earnings call, CEO Carl Eschenbach addressed an analyst's question about how DOGE could impact Workday's business.
Persons: Ramaswamy, Elon Musk, Vivek Ramaswamy, Donald Trump, Carl Eschenbach, Eschenbach, what's, it's Organizations: DOGE, Fortune, US Department of Energy, Ramaswamy's Department, Government, Companies, Department of Energy, Defense Intelligence Agency, Corporation for Public Broadcasting Locations: Oklahoma's Tulsa County
And, thankfully, you can get steep discounts on a ton of the brand's gear with the Black Friday deals Nike is offering. The best Black Friday Nike sneakers dealsSneakers are the primary category on sale during Nike's Black Friday sale. You'll find popular models like the Nike Air Max 90, Nike Dunk, and Air Jordan 1 marked down with deep discounts. Nike Air Jordan 1 Mid $81.97 $125.00 Save 34% It’s hard to think of a more legendary sneaker than Air Jordans. View at NikeThe best Black Friday Nike clothing dealsNike Sportswear is arguably just as popular as its sneakers.
Persons: You'll Organizations: Business, Air Force, Nike, Friday, Nike's, Nike Air Max, Air, Nike Air Jordan, Jordans, Nike Nike, Nike Club Fleece, Nike Black Locations: hoodies, Olive
AdvertisementMarc Andreessen discussed Elon Musk and the Department of Government Efficiency on Joe Rogan's podcast. Cut, baby, cut, Marc Andreessen says of Elon Musk's DOGE cost-reduction effort. "It is time to carve this government back in size and scope," the Silicon Valley investor said during a recent appearance on Joe Rogan's podcast. The VC specifically referenced a text exchange that Musk sent then-CEO Parag Agrawal shortly after being appointed to Twitter's board. "Imagine that statement being applied to the government," Andreessen said, referencing Musk's "What did you get done this week?"
Persons: Marc Andreessen, Elon Musk, Joe Rogan's, Elon, Andreessen, Andreessen Horowitz, Ben Horowitz, Sen, Elizabeth Warren, Rogan, Musk, Parag Agrawal, Agrawal, Jack Dorsey, … — Organizations: Department of, SEC, FTC, Elon Musk's, Musk's Department, Government, Securities Exchange Commission, Federal Trade Commission, Federal Aviation Administration, Consumer Financial Protection Bureau, Republican Party, Twitter, Big Tech Locations: Silicon
AdvertisementA nutrition and longevity researcher said he uses science to make his holidays fun and healthy. He focuses on building muscle to take advantage of big meals for better gains. He also leans into high-protein and veggie-rich holiday meals, followed by a rich dessert. From making seasonal foods more nutritious to using holidays treats to build muscle, here's his approach to the season. AdvertisementUse big meals to fuel muscle-buildingThe holidays often focus on eating, and treating yourself can be a great opportunity to build muscle, according to Rhodes.
Persons: Chris Rhodes, Rhodes, it's Locations: what's, Brussels
AdvertisementIn preparation for Thanksgiving, I looked for good ways to use up leftover turkey breast. I made a Thanksgiving-leftover sandwich but found it took more effort than it was worth. Each Thanksgiving, I cook a full family meal and have lots of leftover turkey in my fridge. I tried making dishes with varying levels of difficulty to find the best leftover turkey recipes. I opted to make a Thanksgiving-leftover sandwich, turkey salad, and soup with slices of leftover roasted 4-pound turkey breast.
Neither child plans on having any kids of their own. In fact, the older one is so sure about not having kids that she scheduled herself for surgical sterilization. AdvertisementI actually never gave much thought to the idea of being — or not being — a grandmother in the past. As it became clear it was not a phase, that neither of them would be having kids in the future, I still didn't have strong feelings. It sounds like we'll have a lot of free time on our hands to do whatever we want to do.
Persons: I'm, it's, Jonathan Vespa, nope Locations: United States, Japan, France, Italy, South Korea
Generative artificial intelligence has taken Silicon Valley by storm since the launch of OpenAI's ChatGPT chatbot in November 2022. There was a lot of optimism over the potential of GenAI gadgets at the CES trade show in January, said Paul Gagnon, vice president for analyst firm Circana. Additionally, consumers may find current GenAI devices too expensive, and they may be confused about what the devices can actually do, he said. The reality is that while GenAI has captivated Silicon Valley, it's still "inning zero" in regard to widespread adoption, Bajarin said. Despite Silicon Valley not having a breakout year for GenAI hardware, here are a few GenAI devices early adopters can buy.
Persons: chatbot, Paul Gagnon, Gagnon, we've, — there's, hasn't, Ben Bajarin, Ray, Bajarin, Ryan Reith, Reith, GenAI, Steve Koenig Organizations: Nvidia, CES, Creative, Microsoft, Apple, Intel, Dell, Lenovo, IDC, Consumer Technology Association Locations: Silicon
I spent three years working on cruise ships. Here are the 10 things I always do while cruising to have the best trip possible. Depending on what time I get on the ship, my cabin and luggage may not be available for several hours. Frequent walks on the promenade deck are often a highlight of my tripYou can see some wonderful views from a cruise ship. Lastly, I always lean into themed parties and eventsMany cruise ships have themed events or nights, and I love looking them up in advance so I can prepare my outfits.
Persons: I've, You'll, I'd, It's, we're, we'll, Tammy Barr Locations: Paris, Berlin, Rome, Civitavecchia
Elon Musk, whose Starlink satellite constellation is the biggest, wields power in the new Trump administration. SpaceX's Starlink and other mega-constellations of satellites could damage the atmosphere in ways we don't yet understand, scientists say. About 100 scientists signed a letter in October asking the Federal Communications Commission, which regulates satellite launches in the US, to pause mega-constellations. A SpaceX Falcon 9 rocket carrying 56 Starlink internet satellites launches from Cape Canaveral, Florida. Without an environmental review, it's unclear what the impact of SpaceX's Starlink plans will be.
Persons: Elon Musk, Trump, SpaceX's Starlink, Putin, Elon, , Jonathan McDowell, Musk, Donald J, Brandon Bell, Paul Hennessy, Joseph Wang, Michelle Hanlon, there's, Starlink Organizations: SpaceX, Research, Federal Communications Commission, Harvard, Getty, Geophysical Research, University of Southern, National Environmental, FCC, NEPA, Center for Air, Space, University of Mississippi School of Law, Trump, of Government, Federal Aviation, California Coastal Commission Locations: Russia, Cape Canaveral , Florida, University of Southern California, Texas, California
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