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☆ 'Cargojet is expensive': Short seller bets against Canada's largest cargo airline
▼ + stars: | 2024-11-27 | by ( Ganesh Rao | ) www.cnbc.com time to read: +5 min

A London-based hedge fund is betting against Cargojet , Canada's largest cargo airline, citing concerns about the company's aging fleet, accounting practices, and leadership style. Allen also claimed that the company has failed to update the age of its aircraft fleet. The Toronto-listed shares of the company have struggled this year, posting a 2% gain while the broader Canadian stock market has risen by nearly 25%. At the time of Allen's presentation slide titled "Cargojet is expensive," the stock was trading at 27 times earnings and 3.5 times tangible book value. In comparison, traditional airline Lufthansa trades at 7 times earnings, and United Airlines is valued at 9 times earnings estimate.

Persons: Edgar Allen, Ajay Virmani, Allen, they've, Cargojet, They've, Konark Gupta, Gupta, Allen's Sohn, Walter Spracklin, Fadi Chamoun, Chamoun, Drake, Elon Musk, Virmani Organizations: Cargojet, Investment Management, Sohn, United Parcel Service, Federal Express, CNBC Pro, CNBC, Scotiabank, RBC Capital Markets, BMO Research, Lufthansa, United Airlines, Elon Locations: London, Ontario, CJT, Toronto

☆ Ukraine is relying on drones to hold back Russian advances. Troops on the frontline are fearing the worst
▼ + stars: | 2024-11-27 | by ( Nick Paton Walsh | ) edition.cnn.com time to read: +8 min

Pokrovsk, eastern Ukraine CNN —The Russian assault, caught in grainy feeds from multiple drones, is relentless and daily. Yet two vehicles make it to the treeline and drop off Russian troops to shelter in the scant winter foliage. Another scene involves a Ukrainian drone unit defending another village, mostly without infantry support, encircled by Russian troops. We constantly hear about it from intercepts, that they have replacements and rotations.”Kotia, a reconnaissance sniper from the 15th National Guard. The footage shows a local in an orange shirt, guiding advancing Russian troops to a basement where Ukrainian soldiers were hiding.

Persons: ”, Pokrovsk, Selydove, Donald Trump, “, Kashei, Kotia, ” Kotia, Vladimir Putin Organizations: Ukraine CNN, Aging, CNN, National Guard, 15th National Guard, Pokrovsk . CNN Troops, Trump, Pokrovsk Locations: Ukraine, Ukrainian, Pokrovsk, Russia, Selydove, Russian, Russia’s Kursk, Kurakhove, gunpoint, Geneva

☆ The baste is yet to come: Butterball’s tips for the perfect turkey
▼ + stars: | 2024-11-27 | 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 EmailThe baste is yet to come: Butterball’s tips for the perfect turkeyBill Nolan, Butterball Turkey Talk-Line, joins ‘Squawk Box’ to discuss the company’s annual tradition of helping people with their questions for the perfect turkey.

Persons: Bill Nolan, Butterball Locations: Butterball Turkey

☆ The shipping industry is wrestling with one of its largest challenges
▼ + stars: | 2024-11-27 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +5 min

Anthony Wallace | Afp | Getty ImagesThe shipping industry is contending with a worldwide shortage of seafarers, and it's fueling a troubling mix of fake resumes, accidents at sea, and elevated freight rates. "We have been seeing a consistent shortage of seafarers," Rhett Harris, senior manning analyst at Drewry, told CNBC. The Philippines, China, Russia, Ukraine and Indonesia are the largest suppliers of the world's seafarers, according to the most recent seafarer workforce breakdown report by the International Chamber of Shipping (ICS) and BIMCO in 2021. Before Russia's invasion of Ukraine in February 2022, Russian and Ukrainian seafarers made up almost 15% of the global shipping workforce, ICS data showed. "Policymakers need to create national strategies to address the seafarer shortage," the shipping organization said.

Persons: Anthony Wallace, Rhett Harris, Harris, Daejin Lee, Henrik Jensen, Danica Crewing, FertiStream's Lee, Drewry's Harris, Jensen, Caitlin Ochs Organizations: Afp, Getty, Drewry, CNBC, International Chamber of Shipping, ICS, Group, —, CVs Locations: Busan, Russian, Ukraine, Russia, Philippines, China, Indonesia, Iran, Red, New York

☆ The Magnificent Seven ETF is teetering. What the charts say will happen next
▼ + stars: | 2024-11-27 | by ( Frank Cappelleri | ) www.cnbc.com time to read: +4 min

What are the odds that the Roundhill Magnificent Seven ETF (MAGS) ETF can reclaim its leadership status? This is important, given that MAGS has proven it can take advantage of short-term bullish trade set ups recently. Below are daily relative charts vs. MAGS for each component. First, the leaders: TSLA's recent spike prompted a parabolic move vs. MAGS, too. AAPL, MSFT, META and GOOGL have been clear underperformers vs. MAGS for months now.

Persons: haven't, MAGS, that's, TSLA, NVDA teetering Organizations: CNBC, NBC UNIVERSAL

☆ Say hello to your new coworker: Autonomous AI agents are coming to banks
▼ + stars: | 2024-11-27 | by ( Bianca Chan | ) www.businessinsider.com time to read: +4 min

Demand for AI agents is giving birth to a new class of startups and VCs hungry to invest in them. It was a topic of conversation at the Evident AI Symposium in New York on Thursday. To take AI agents a step further, technologists and startup investors are fueling a shift to so-called multi-agent systems that coordinate several AI agents to complete more complex tasks more autonomously. Well, that's still being worked out, according to a number of tech executives at the Evident AI Symposium Thursday. Heitsenrether, speaking at the Evident AI conference, told the audience that, over time, she expects AI to be seamlessly embedded in an employee's workflow.

Persons: Danny Goldman's, Michael Lacorazza, Mako, It's, Jamie Dimon, Teresa Heitsenrether, Wall, they're, Gabriel Stengel, Kristin Milchanowski, Ganesh Organizations: Finance, Mako, Khosla Ventures, Bank, Goldman, JPMorgan, BMO Financial Group, of Cambridge Locations: New York, OpenAI

☆ The Macy's Thanksgiving Day Parade is turning 100. Photos show how the tradition has evolved since 1924.
▼ + stars: | 2024-11-27 | by ( Talia Lakritz | Mykenna Maniece | ) www.businessinsider.com time to read: +1 min

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

☆ CEO says his airline's all-Airbus fleet is a 'better alternative' as rivals struggle with Boeing blues and engine issues
▼ + stars: | 2024-11-27 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Its CEO told Bloomberg it benefited from engine choices and an all-Airbus fleet. CEO Johan Lundgren spoke to Bloomberg TV on Wednesday as easyJet reported blockbuster earnings. Related VideoThe European budget airline reported a record-breaking summer, with pre-tax profit up by one-third since last year to £610 million ($768.35 million). Earlier this month, Wizz reported its half-year net profit was down 21.3% to 315.2 million euros ($331.4 million). Lundgren told Bloomberg TV the airline had 16 deliveries this financial year rather than the 19 it expected.

Persons: Wizz, easyJet, Johan Lundgren, Lundgren, we've, Pratt & Whitney Organizations: Bloomberg, Airbus, Boeing, Ryanair, Pratt & Whitney, Bloomberg TV, Wizz, Europe's, Alaska Airlines, Pratt &, CFM

☆ 'Dungeons & Dragons' is a cornerstone of big-business nerdworld. A top exec says Wizards of the Coast has a plan to keep the game hot for 50 more years.
▼ + stars: | 2024-11-27 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +6 min

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

☆ Musicians are increasingly forgoing the major-label system. The problem is that most can't afford to.
▼ + stars: | 2024-11-27 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +6 min

AdvertisementDespite the democratization of music in the streaming era, it's still very expensive to record an album. Although many artists are forgoing record labels, it's nearly impossible to become a superstar without one. When I did my album, I don't even know how much the producers got paid — it just was done," Chinouriri says. Advertisement"I don't know how I'd be able to do all of this and then have to think of the cost," Chinouriri adds. "I don't know how Raye does it, I don't know how Tinashe does it.

Persons: it's, yearn, Raye, Tinashe, Lizzie Widhelm, You've, there's, Donald Passman, everybody's, They'll, Passman, Long, Derek White, who's, Rihanna, Kelly Clarkson, Alexis, Rachel Chinouriri, would've, Chinouriri, I've, she's, I'd, Tinashe's, they've, Solitro Organizations: Music, Spotify, The Recording Academy Muni, Fifth Harmony, Apple, Parlophone, Atlas Artists, Polydor, RCA Locations: Atlanta, London

☆ What Is Russia’s Oreshnik Ballistic Missile?
▼ + stars: | 2024-11-27 | by ( Lara Jakes | ) www.nytimes.com time to read: 1 min

The dust has settled in Dnipro, Ukraine, where investigators are analyzing the wreckage at a weapons factory struck by a new Russian intermediate-range ballistic missile last week. But the debate continues over the strategic impact of the missile, known as the Oreshnik, both on the battlefield in Ukraine and what it means for NATO states in Europe. President Vladimir V. Putin of Russia touted the missile as an example of Russian technological prowess, built by a domestic military industry unimpeded by Western economic sanctions. The Oreshnik is also capable of carrying nuclear weapons, at a time when Moscow has increased threats of nuclear war. It is still not clear what explosives, if any, the missile delivered in the strike on Dnipro.

Persons: Vladimir V, Putin Organizations: NATO Locations: Dnipro, Ukraine, Russian, Europe, Russia, Moscow

☆ Powers: The latest boost of inflation is hopefully a temporary bump.
▼ + stars: | 2024-11-27 | 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 EmailPowers: The latest boost of inflation is hopefully a temporary bump. Matt Powers, Managing Partner at Powers Advisory Group, emphasizes gratitude and staying grounded. He discusses the Fed's expected rate cut and its importance to the market. Powers expects the economy to grow, benefiting small caps, and highlights M&T Bank's strong performance and potential due to fewer regulations and merger activity.

Persons: Matt Powers, Powers Organizations: Powers Advisory

☆ Amazon is JPMorgan's best idea for the holidays
▼ + stars: | 2024-11-27 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Consider adding Amazon to your holiday stock shopping list, according to JPMorgan. Analyst Doug Anmuth named the stock its best idea heading into the holiday stretch, citing expectations for 7.5% year-over-year growth and online shopping market share gains. Shares have rallied 36% this year, with the firm's $250 price target implying 20% upside from Tuesday's close. "Amazon maintains a leading ~45% share of US e-comm & enters the holiday season with strong momentum from early holiday promotions, [same-day/1-day delivery], regionalization, expansion of the Prime ecosystem, & competitive prices," he wrote. Amazon shares have popped more than 35% year to date, and analysts see more upside ahead.

Persons: Doug Anmuth, Anmuth, Amazon's Organizations: JPMorgan

☆ Exxon is the best oil stock, as its big bet on cutting carbon emissions should pay off, UBS says
▼ + stars: | 2024-11-27 | by ( Spencer Kimball | ) www.cnbc.com time to read: +4 min

Exxon Mobil 's new businesses aimed at lowering carbon-dioxide emissions are a long-term growth engine that will deliver earnings by the end of the decade, according to UBS. UBS has a 12-month price target of $149 for Exxon, indicating about 22% upside from Friday's close of $121.79 per share. The oil major is investing some $20 billion in a suite of emissions-reducing businesses including carbon capture and storage, biofuels, lithium and hydrogen through 2027. Balanced growth Exxon's $20 billion investment in low-carbon businesses represents about 13% of the company's total capital expenditures through 2027. The company's downstream refining and retail sales business should grow earnings by $4 billion starting in 2027, according to UBS.

Persons: Josh Silverstein, Silverstein, Trump Organizations: Exxon Mobil, UBS, Exxon, U.S, Baytown Hydrogen Locations: U.S, Baytown, That's, Guyana

☆ 48-year-old CEO of a $1 billion startup: My secret to success is, 'I hire the best and I get out of their way'
▼ + stars: | 2024-11-27 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

That growth didn't come from micromanaging, Weaver told LinkedIn's "This Is Working" video series last week. So if it is not my highest and best use of time, it usually will not bubble up to me. "Micromanaging does not work," Weaver said. If you're micromanaging, something's wrong, he added. Plus, sign up for CNBC Make It's newsletter to get tips and tricks for success at work, with money and in life.

Persons: Fawn Weaver isn't, Weaver, LinkedIn's, Mark Cuban, Cuban, they'd, Suzy Welch Organizations: Forbes, Trust, New York University, CNBC Locations: Her Shelbyville , Tennessee, micromanaging

☆ Why some women say learning poker is the key to career success
▼ + stars: | 2024-11-27 | by ( Katie Balevic | ) www.businessinsider.com time to read: +3 min

Some women are building their confidence and career success at a surprising locale: a poker table. Jenny Just founded Poker Power, a company that teaches the game to women to build up their risk-taking skills. "The poker table was like every money table I had sat at," Just previously told Business Insider. Skills like capital allocation, taking risks, and learning how to strategize." "When I sat down at the poker table, I was instantaneously stereotyped," Merk previously told BI.

Persons: Jenny Just, Erin Lydon, Lydon, Maria Konnikova, I've, Konnikova, Abby Merk, Merk Organizations: US Department of Labor, Poker, Poker Power, Street

☆ The consumer is stressed, says Oppenheimer's Brian Nagel
▼ + stars: | 2024-11-27 | 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 EmailThe consumer is stressed, says Oppenheimer's Brian NagelBrian Nagel, Oppenheimer retail analyst, joins 'Closing Bell' to discuss the retail picture going into holiday shopping season.

Persons: Oppenheimer's Brian Nagel Brian Nagel, Oppenheimer

☆ Nigh: Thanksgiving meal for ten is now $58, down year over year but up 20% from five years ago.
▼ + stars: | 2024-11-27 | 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 EmailNigh: Thanksgiving meal for ten is now $58, down year over year but up 20% from five years ago. Veronica Nigh, Senior Economist at the American Farm Bureau Federation, says the cost of a Thanksgiving meal for ten is now $58, down year over year but up 20% from five years ago. Turkey prices attract customers, while fertilizer costs, which vary greatly, impact food prices. She also warns that potential tariffs on imports from Mexico and Canada could raise fertilizer and food prices.

Persons: Veronica Organizations: American Farm Bureau Federation Locations: Turkey, Mexico, Canada

☆ What Robert F. Kennedy’s confirmation as HHS secretary could mean for global health
▼ + stars: | 2024-11-27 | by ( Brenda Goodman | ) edition.cnn.com time to read: +13 min

CNN —President-elect Donald Trump’s choice of Robert F. Kennedy Jr. to lead the US Department of Health and Human Services sent a shudder through the global health community. The US is the world’s largest funder of global health programs, according to the nonprofit health policy and research group KFF. Global health is really strategic investment,” del Rio added, saying he hoped Kennedy would find a way to maintain those investments. About half of the nation’s global health budget is spent on HIV/AIDS prevention and treatment, according to KFF. Worldwide, measles cases rose 20% from 2022 to 2023, according to the latest report from the World Health Organization.

Persons: Donald Trump’s, Robert F, Kennedy Jr, Kennedy, hasn’t, ”, Richard Carmona, George W, Bush, “, ” Carmona, Carlos del Rio, thimerosal, Joe Rogan, “ There’s, Kathleen Sebelius, Barack Obama, Peter Hotez, Trump, — Hotez, Rachel, Hotez, ” Hotez, Anthony Fauci ”, Fauci, Mary Holland, –, It’s, ” Sebelius, Sebelius, doesn’t, Lawrence Gostin, Peter Kotlar, Robert Fico, ” Kennedy, Kennedy’s, Gostin, ” Gostin, Dr, Sanjay Gupta, ” Holland, can’t Organizations: CNN, US Department of Health, Human Services, HHS, US Centers for Disease Control, National Institutes of Health, Emory University, ”, Health Defense, US Food, CDC, Baylor College of Medicine, NIH, NBC News, Children’s Health Defense, World Health Organization, United States, US State Department, WHO, Georgetown University, Slovak, covid, Get CNN, CNN Health, Trump, pandemics Locations: Rio, United States, India, Africa, United, Geneva

Still, the best cashmere sweaters can set you back hundreds of dollars a piece, so we recommend taking advantage of seasonal discounted pricing. The best Black Friday cashmere dealsAmicale Cashmere Hoodie $134.99 $350.00 Save 61% Upgrade your hoodie with this 100% cashmere pullover available in four hues. View at Saks Off FifthFAQs on Black Friday cashmere dealsIs Black Friday a good time to shop for cashmere? Black Friday is one of the best times to shop for cashmere since discounts can reach upwards of 50% on luxury items. Check out our roundup of all of the best Black Friday deals.

Persons: Gabrielle Chase, There's Organizations: Business, Saks Locations: TURKEY

☆ Market is not pricing in much in terms of tariffs or net fiscal impulse: Deutsche Bank
▼ + stars: | 2024-11-27 | 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 EmailMarket is not pricing in much in terms of tariffs or net fiscal impulse: Deutsche BankGeorge Saravelos, the global head of FX research at Deutsche Bank, discusses the potential impact President-elect Donald Trump will have on markets.

Persons: Deutsche Bank George Saravelos, Donald Trump Organizations: Deutsche Bank

☆ Dell's AI business is booming, but shares plunged after it cut its revenue outlook
▼ + stars: | 2024-11-27 | by ( Polly Thompson | ) www.businessinsider.com time to read: +2 min

Revenues jumped 34% in Dell's ISG division, which includes the company's AI operations. But a lower-than-expected fourth quarter outlook drove Dell's shares down 12% in premarket trading. The biggest success story came from Dell's Infrastructure Solutions Group, which includes sales of AI servers, storage, and other network capabilities. Despite Dell's strong positioning in AI-related technologies, the company's shares were down as much as 12% in premarket trading after its final quarter revenue outlook fell below Wall Street expectations. Dell shipped $2.9 billion in AI servers during the quarter, and the company said that customers had booked $3.6 billion of future AI server orders.

Persons: Dell, Dell's, Jeff Clarke, Elon Musk's Organizations: Dell's Infrastructure Solutions Group, Analysts, CSG, Nvidia, Elon Locations: Dell's ISG, Texas

☆ The Israel-Hezbollah ceasefire deal is a permanent one: White House energy advisor Amos Hochstein
▼ + stars: | 2024-11-27 | 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 EmailThe Israel-Hezbollah ceasefire deal is a permanent one: White House energy advisor Amos HochsteinAmos Hochstein, White House senior advisor for energy and investment, joins 'Squawk Box' to discuss the ceasefire deal between Israel and Hezbollah, how permanent or tenuous the deal is, impact on the Israel-Hamas war, and more.

Persons: Amos Hochstein Amos Hochstein Organizations: White Locations: Israel

☆ 10 things the Club is watching in the market Wednesday, including CrowdStrike, HP, Dell
▼ + stars: | 2024-11-27 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +4 min

CrowdStrike delivered a very good quarter after Tuesday's closing bell, with management raising its full-year outlook on sales, operating income, and earnings. Mortgage rates dropped last week, pushing home loans for purchases up 12% week over week and 52% year over year. Best Buy shares were steady Wednesday morning after their nearly 5% post-earnings drop in the previous session. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: CrowdStrike, Wells, Donald Trump, Kevin Hassett, Hassett, Stanley Black, Decker, Jim Cramer, We're, — CNBC's Zev Fima, Jim Cramer's, Jim Organizations: Dow, Nasdaq, Street, RBC, Dell, HP, Wall Street, National Economic Council, of Economic Advisers, Apple, Financial Times, Citi, holding's, Disney, Comcast's Universal, Paramount, Comcast, NBC Universal, CNBC, Jim Cramer's Charitable Locations: Wells Fargo, China

☆ A Biden-brokered cease-fire has begun in Lebanon. Trump's team is claiming credit.
▼ + stars: | 2024-11-27 | by ( Hannah Abraham | ) www.businessinsider.com time to read: +3 min

"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

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