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Soto, 26, is hands down this winter’s most highly sought-after free agent, valued as much for his elite baseball skills as for his birth date. And in an age of swing-for-the-fences baseball, Soto struck out just 16.7% of the time, while the league whiffed at a 22.2% clip this season. Free agency is “going to be exciting,” Soto told reporters moments after the Yankees lost Game 5 of the World Series, ending the baseball season. The AL champion Yankees had the second-highest MLB payroll, at $309.8 million for their 40-man roster, according to Baseball Prospectus. There's no telling when Soto or other any free agents will come to terms with their 2025 teams.
Persons: Juan Soto, Soto, Al Leiter, Leiter, Shohei, Scott Boras, Ohtani, ” Soto, “ It’s, Aaron Judge, they'll, Bryce Harper, Harper, “ I’m, , Cy Young, Blake Snell, “ We’re Organizations: Major League Baseball, Yankees, American League, Dodgers, New York Mets, San Diego Padres, Boston Red Sox, Toronto Blue Jays, San Francisco Giants, MLB, baseball's, MLB Network, Mets, Red Sox, Blue Jays, Los Angeles Dodgers, Dodgers DH, NL, Soto's, Philadelphia Phillies, Phillies, Big Apple, AL, Baseball, Cleveland Guardians, The Dodgers Locations: Los Angeles, Southern California, Soto's New York, South Philly, San Diego, New York
Planet Fitness lost its bid in bankruptcy court to acquire budget fitness chain Blink Holdings, according to court filings viewed by CNBC. Planet Fitness placed its competing eleventh hour bids early this month during a 48-hour challenge window. Late Tuesday, Delaware's bankruptcy court formally accepted PureGym's $121 million offer, which initially won at auction in late October. J. Kate Stickles, bankruptcy judge in the U.S. Bankruptcy Court of Delaware, said in Tuesday's hearing that PureGym's offer would avoid antitrust risks. PureGym's offer, assuming Blink's liabilities, also comes with 60 of Blink's fitness centers still operating in New York and New Jersey.
Persons: J, Kate Stickles, PureGym, Humphrey Cobbold Organizations: Holdings, CNBC, Bankruptcy Locations: Richmond , California, U.S, Delaware, New York, New Jersey, American
It's her most important money advice for all investing newcomers — including her own children, Friedman told CNBC Make It on Tuesday while speaking at the Fortune Global Forum 2024. "Learn by doing — with small amounts of money, or even on platforms where you don't actually have to use real money," said Friedman. The earlier you can start investing, the better, added Barclays CEO C.S. 'They should start young from that first paycheck, have a really long term view, and the equity markets are a really important part of that." Later in life, you'll thank yourself for starting early, said Friedman: "[Investing] is a foundational element of wealth creation in this country."
Persons: millennials, Gen, Adena Friedman, Friedman, Gen Zers, Roth, Douglas Boneparth Organizations: Nasdaq, CNBC, Fortune, Young, Survey, Barclays, C.S, Global Locations: New York
Buy now, pay later firms like Klarna and Block's Afterpay could be about to face tougher rules in the U.K.Klarna, which is known for its popular buy now, pay later business, announced Wednesday that it's confidentially filed IPO documents with the SEC. The company said the offering would follow the SEC's review process and is subject to market conditions. Analysts recently valued Klarna, which was founded in 2005, in the $15 billion range. Klarna's decision to go pursue a listing in the U.S. represents a major blow to European stock exchanges, which have been trying to encourage local tech companies to list at home. "European IPO markets have seen some recovery as of Q3 this year," she added.
Persons: Block's, it's confidentially, Klarna, Sebastian Siemiatkowski, CNBC's, Siemiatkowski, Siemiatkowski hadn't, Navina Rajan, We've, Rajan Organizations: SEC, SoftBank's Vision, Sequoia Capital, CNBC, Apple, Meta, London Stock Exchange Locations: London, Europe, U.S
Authorities in Coos County, Oregon, are searching for a 5-year-old boy whose mother said he vanished over the weekend while she was taking a nap. Coos County Sheriff's Office / via FacebookThe Coos County Sheriff’s Office said that Joshua James McCoy was reported missing after sundown Saturday from Hauser, an unincorporated community that runs along Route 101 in Oregon. When she woke up at 5:30 p.m., Joshua was gone, according to statements from the sheriff’s office, which did not identify his mother by name. The Coos County Sheriff’s Office said in an update on its Facebook page Monday evening that teams have been searching for Joshua using drones and K-9 units, among other resources. The Coos County Sheriff’s Office added that “nothing is being ruled out at this time as we are considering all possible avenues.”“We maintain hope that Joshua will be found alive and well,” it said.
Persons: Joshua James McCoy, Hauser, Jeff Lee, Joshua, Josh, Lee Organizations: Coos County Sheriff's, Facebook, Coos County Sheriff’s, National Center for Locations: Coos County , Oregon, Coos County, Oregon, Joshua's
Protesters waved Nazi flags outside of a community theater production of “The Diary of Anne Frank,” leaving performers "understandably shaken" by the hateful display in Michigan, officials said Monday. American Legion Post 141 in Howell, Mich., where the play by Frances Goodrich and Albert Hackett was being staged. "For this production, our cast was also on stage in character during intermission, which was when they found out as well," according to a statement by the Fowlerville Community Theater. The Fowlerville Community Theater drew direct parallels between the play — adapted from the famed diary of Anne Frank, a Jewish girl killed by Nazis in the Holocaust — and the events of Saturday night. "The presence of protesters outside gave us a small glimpse of the fear and uncertainty felt by those in hiding," the statement said.
Persons: Anne Frank, , Frances Goodrich, Albert Hackett, Anne Frank ., Sheriff Michael Murphy, Murphy, Donald Trump, Hitler Organizations: American Legion, Google, Fowlerville, Getty, Michigan Anti, Defamation League Locations: Michigan, Howell, Mich, Livingston County, . Michigan, U.S
A coalition of parents attempting to block a state law that would require that the Ten Commandments be displayed in public school classrooms by next year have won a legal battle in federal court. The judge wrote that the law is "facially unconstitutional" and "in all applications," barring Louisiana from enforcing it and adopting rules around it that require all public K-12 schools and colleges to exhibit posters of the Ten Commandments. We've shown that in our briefs by creating a number of posters," Murrill told reporters. The displays included historical context for the commandments that the state believes makes its law constitutional. When asked what he would tell parents concerned about having the Ten Commandments in public schools, Landry said in August: "Tell your child not to look at them."
Persons: John deGravelles, DeGravelles, Jan, Liz Murrill, Jeff Landry, , nonreligious —, Steven Green, Murrill, We've, Landry, Moses, Martin Luther King Jr, Hamilton Organizations: U.S, District, Gov, GOP, — Jewish, Unitarian Universalist, American Civil Liberties Union, American Civil Liberties Union of, Americans United, and State, Religion Foundation, Willamette University, Supreme Locations: Louisiana, American Civil Liberties Union of Louisiana, Oregon, Murrill, Oklahoma
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Separately, the estate of crypto exchange FTX sued Binance and its former CEO, Changpeng Zhao, over a "fraudulent" share deal. Some think the rally is getting ahead of itself, writes CNBC Pro's Fred Imbert. A Wall Street analyst pointed out that, according to history, one ostensibly bullish sign actually portends retreats in the near term.
Persons: FTX, Binance, Changpeng Zhao, Donald Trump, Jeremy Siegel, Siegel, Fred Imbert Organizations: CNBC, Dow Jones, NatWest, Metrics, Trust, Wharton School, University of Pennsylvania, Trump, U.S
European markets are heading for a lower open Tuesday, as investors assess what U.S. President-elect Donald Trump's return to the White House could mean for the region's economy amid worries about possible tariffs. The U.K.'s FTSE 100 index is expected to open 18 points lower at 8,054, Germany's DAX down 93 points at 19,355, France's CAC down 34 points at 7,392 and Italy's FTSE MIB down 157 points at 33,659, according to data from IG. Investors will scrutinize a fresh batch of economic data this week, including an inflation reading from Germany on Tuesday, and U.S. inflation and U.K. gross domestic product on Thursday. Infineon, Bayer, Vodafone and AstraZeneca will report earnings, while U.K. unemployment and European and German ZEW economic sentiment figures are also due today. Asia-Pacific markets mostly fell overnight with investors exercising caution even as US.
Persons: Donald Trump's, Germany's DAX Organizations: France's CAC, IG, Infineon, Bayer, Vodafone, AstraZeneca Locations: Germany, Asia, Pacific
Morgan Stanley has partnered with cap-table firm Carta to reach founders before they get rich. With this new partnership, Carta will refer clients looking to go public to Morgan Stanley at Work, a division that caters to businesses and their employees. How it worksThe referral deal fills gaps for Morgan Stanley and Carta. Morgan StanleyCarta clients can access Morgan Stanley services before moving to Shareworks. Ideally, these conversations lead to employees becoming wealth management clients, Finn said.
Persons: Morgan Stanley, Jed Finn, , Doug Martin, General Mills, Morgan, Finn, Carta, Morgan Stanley's, Morgan Stanley Carta, Carta Finn, Henry Ward, Wilson Sonsini, Ward Organizations: Service, Carta, Business, Trump Locations: Silicon, Carta, Silicon Valley
New York CNN —Kum & Go, the Midwestern gas station chain that gained national fame for the immature snickers its name often receives, is making a change. Kum & Go was founded in Iowa in 1959 by Bill Krause and his father-in-law T.S. Gentle as Hampton Oil Co. and eventually expanded across the Midwest, changing its name to Kum & Go in 1975. Kum & Go has 400 locations spread throughout 13 states in the US Midwest and South. Maverik’s acquisition brings the combined number of locations to about 800 and makes it the 12th largest convenience and gas station chain in the United States.
Persons: we’re, wasn’t, Bill Krause, T.S, Krause, Gentle, ” Krause, Johnny Knoxville Organizations: New, New York CNN, CNN, Hampton Oil Co, Des Moines Register, US Midwest Locations: New York, Iowa, United States
South Korean actor Song Jae-lim dead at 39
  + stars: | 2024-11-12 | by ( Yoonjung Seo | ) edition.cnn.com   time to read: +3 min
Seoul, South Korea CNN —South Korean actor Song Jae-lim, a former model who rose to prominence in K-dramas, was found dead in Seoul on Tuesday. A police official told CNN that no evidence of foul play was found at the scene, and a note was discovered in the apartment. “Our initial investigation so far, has revealed no signs of criminal activity,” police told CNN. South Korean stars paid tribute to Song following the news of his death. How to get help Help is available if you or someone you know is struggling with suicidal thoughts or mental health matters.
Persons: Song Jae, lim, Song, , Rose De Versailles, … Jae, lim …, Park Ho, san, Hong Seok, cheon, , Moon bin, Sulli, SHINee’s Kim Jong, hyun Organizations: South Korea CNN — South, Seoul Seongdong police, CNN, , ” Police, International Association for Suicide Prevention, Befrienders, Entertainment Locations: Seoul, South Korea, , South
A Dutch court on Tuesday ruled to dismiss a landmark climate ruling against Shell , after the oil giant was ordered to drastically reduce its global carbon emissions back in 2021. In May 2021, The Hague district court ruled that Shell must reduce its greenhouse gas emissions by 45% from 2019 levels by 2030. Shell's lawyers said demands for companies to curb greenhouse gas emissions could not be made by courts, but only by governments, Reuters reported. The company also said the court ruling would force it to shrink its business without any benefit to the fight against climate change. The burning of coal, oil and gas is by far the largest contributor to the climate crisis, accounting for more than three-quarters of global greenhouse gas emissions.
Persons: Milieudefensie Organizations: Shell, Pernis, Reuters Locations: Rotterdam, Netherlands, Azerbaijan, The Hague, Paris, Hague
A brand-new Disney cruise ship rushed to the aid of a catamaran taking on water in the Atlantic on Sunday and plucked four people to safety, authorities said. The Disney Treasure responded, saying it was 80 miles from Serenity, before heading to the catamaran and arriving between 1 p.m. and 1:45 p.m., according to the Coast Guard. A life boat from the cruise ship Treasure heads toward a disabled Catamaran. It appeared Disney Treasure was only recently constructed and headed to its future home in Port Canaveral, Florida, when she was unexpectedly called to duty. The Disney Treasure "journeys across the Atlantic Ocean ... in preparation for its inaugural season this December," according to a Disney blog posting on Friday.
Persons: Christine Bills, Thomas, Meyer Werft Organizations: Disney, Coast Guard, U.S . Coast Guard, NBC News, U.S . Virgin Locations: Bermuda, Elizabeth City , North Carolina, U.S, Port Canaveral , Florida, Tortola, British Virgin Islands, St, U.S . Virgin Islands, Bahamas
Chappell Roan reveals the secrets of a brilliant debut
  + stars: | 2024-11-11 | by ( ) www.nbcnews.com   time to read: +22 min
… You two have changed pop music forever.”Dan Nigro and Chappell Roan speak with Brandi Carlile at The Grammy Museum on Nov. 7 in Los Angeles. Some frustration was expressed over the inability of execs to “get” Roan from the outset, not least of all from Carlile. “I think I’m better at it now. “I think that’s why it was so heavy. “I think that’s absolutely gorgeous.
Persons: , Chappell, Brandi Carlile, Roan, Dan Nigro, Chappell Roan, , “ I’m, Carlile, Elton John, John, ” Dan Nigro, Rebecca Sapp, Olivia Rodrigo’s, Nigro, mesmerizingly, might’ve, Missourian, Said Roan, , “ It’ll, I’ve, Patsy Cline swoops, Roan didn’t, Said Nigro, Skyler, you’re, I’d, It’s, ” Roan, ” Carlile interjected, , ” Carlile, Nigro “, ” Said Roan, Rami Malek, they’re, ” Said Nigro, it’s, We’ve, Declan McKenna, ” Said Carlile, Adele, they’d, I’m, , it’ll, … ” Carlile, Aunt Kim, Dan, “ we’ll, ‘ That’s, , ’ Chappell, we’re, baring Organizations: Museum, The Recording Academy, Academy, Cocteau Twins, SNL, Pony, , ‘ California ’, ‘ YMCA, Gaga, Locations: L.A, Roan, Nigro, Los Angeles, Missourian Roan, , eureka, California, Manhattan, ‘ California, Feburary
Pop megastar Taylor Swift was the big winner at the MTV Europe Music Awards on Sunday, picking up four trophies at the Manchester ceremony in England, which included a tribute to late singer Liam Payne. Swift, who had led nominations with seven nods, won best artist, best video for her collaboration with Post Malone “Fortnight”, best live and best U.S. act. South African singer Tyla followed with three prizes — best Afrobeats, best R&B and best African act. A message from Taylor Swift accepting the Best Video award during the MTV EMAs in Manchester, England on Sunday night. Best K-pop went to Jimin, Mexican singer Peso Pluma won best latin while Manchester native Liam Gallagher took best rock.
Persons: megastar Taylor Swift, Liam Payne, Swift, Post Malone, it’s, , Tyla, Sunday’s, Taylor Swift, Dominic Lipinski, Rita Ora, Ora, Payne, , Sabrina Carpenter, Ariana Grande, Eminem, Pluma, Liam Gallagher, Benson Boone, Busta Organizations: MTV, Department, Viacom International Singer, Manchester Locations: Manchester, England, North America, Paris, Gaza, Buenos Aires, Jimin, U.S
British celebrity chef Jamie Oliver has pulled his new children’s book from shelves, saying he was “devastated” by the offense he caused following criticism that the book stereotyped Indigenous Australians. The book narrates the abduction of a First Nations Indigenous character named Ruby, who is living in foster care and is abducted by the book's main villain. For decades, successive Australian governments forcibly removed Aboriginal and Torres Strait Islander children from their families as part of an assimilation policy. The book also equates First Nations beliefs and spirituality with magic in the book, NATSIEC said, calling it a long-held stereotype. The book also contained errors made by mixing different Indigenous languages, which NATSIEC said reinforced the "harmful stereotype that Indigenous peoples are a homogenous group."
Persons: Jamie Oliver, , “ Billy, , Oliver, Jamie, Ruby, ” NATSIEC, NATSIEC Organizations: Random, Nations, National Aboriginal, Torres Strait Islander Education Corporation, Torres Strait, First Nations Locations: , Australia
European markets set to start the week on a positive note
  + stars: | 2024-11-11 | by ( Holly Ellyatt | ) www.cnbc.com   time to read: +1 min
European stocks are expected to open in positive territory Monday as global markets take a breath following last week's U.S. election. Earnings are set to come from Continental, Hannover Re and Mediobanca. Stocks also got a boost from the Federal Reserve after it lowered interest rates by a quarter percentage point last Thursday. Global investors will be awaiting the latest U.S. inflation readings due later in the week. Overnight, Asia-Pacific markets fell after China's latest stimulus measures underwhelmed and its October inflation numbers came in lower than expected.
Persons: Germany's DAX, Dow, Donald Trump's, Stocks Organizations: U.S, France's CAC, IG, Hannover Re, Federal Reserve, Global Locations: Continental, Europe, U.S, Asia, Pacific
Yet, Wall Street's reaction to the election outcome does not reflect how many Americans feel about the state of their personal finances, some financial experts say. Feelings, however, should not overshadow anyone's focus when assessing the potential impact of a second Trump presidency when it comes to finances, advisors say. "Stick to your long-term financial plan, adjusting only when your personal circumstances or goals change." However, improving your personal economy is possible by taking better control of your money, experts say. Increase savings goals Boost savings goals in accounts that also offer tax breaks.
Persons: Sharon Epperson, Stocks, Donald Trump, Rianka Dorsainvil, Dorsainvil, Roth, Roth IRAs, you've, Lee Baker, Joe Biden Organizations: Federal Reserve, Dow Jones, Nasdaq, Trump, YGC, CNBC, Financial, U.S, Reuters Locations: Atlanta
"This can be a great way for people to boost their retirement savings," certified financial planner Jamie Bosse, senior advisor at CGN Advisors in Manhattan, Kansas, previously told CNBC. This can be a great way for people to boost their retirement savings. How much older workers save for retirementThe 401(k) catch-up contribution change is "very good" for older workers who want to save more for retirement, said Dave Stinnett, Vanguard's head of strategic retirement consulting. Some 35% of baby boomers feel "significantly behind" in retirement savings, according to a Bankrate survey that polled roughly 2,450 U.S. adults in August. "But not everyone age 50 or older is maxing out [401(k) plans] already," Stinnett said.
Persons: Jamie Bosse, deferrals, Dave Stinnett, Stinnett Organizations: CGN Advisors, CNBC, America Locations: Manhattan , Kansas
She says everyone should invest in crypto, but not if you're investing money you can't afford to lose. Exchange-traded funds or mutual fundsExchange-traded funds (ETFs) and mutual funds are a great way to buy into the market without cherry-picking individual stocks, says Tu. Mutual funds, on the other hand, are a group of stocks and other assets typically handled by a fund manager to maximize profits. Real estate investment trustsA real estate investment trust (REIT) is a company that owns, operates, and invests in income-producing rental properties. With some of the best real estate investing apps, you can start investing with as little as $10.
Persons: Wall Streeter Vivian Tu, , Vivian Tu, doesn't, They're Organizations: Service, Exchange, Mutual, Apple, Disney Locations: YOLO, cryptocurrency
Charles was joined by Prince William and Princess Kate, who has slowly returned to public duties this year following treatment for cancer. The wreaths were adorned by poppies, a symbol of remembrance also worn on lapels by many across the U.K. in the lead-up to Remembrance Day. Poppies were a common sight on the battle-scarred lands of Europe during World War I. Princess Kate was also in attendance at Saturday evening’s Festival of Remembrance at the Royal Albert Hall, her first major public appearance since finishing chemotherapy. Both events form part of the United Kingdom’s Remembrance Day commemorations as the nation pays tribute to those whose lives were affected by World War I and remembers those who died.
Persons: Charles III, Keir Starmer, Kemi Badenoch, Charles, Prince William, Princess Kate, Catherine , Princess of, Camilla, King Charles, Toby Melville, John McCrae, Kate, Royal Albert Hall, Max Mumby, William, Tom Jones, Royal Albert Hall . Prince William, “ It’s, It’s, ” William Organizations: Commonwealth, , Carnegie Endowment, International Peace, Royal Albert, Royal Air Force, Services, Royal Albert Hall, NBC News ’, Sky News Locations: London, United Kingdom, British, Catherine , Princess of Wales, Europe, Belgium, France, Canadian, Flanders, NBC News ’ British, Cape Town , South Africa
For many, the reaction among investors only reinforced the need to look at longer-term opportunities in individual stocks that haven't changed. About half of Xpeng's 20,000-plus deliveries in each of the past two months have come from its lower-priced Mona M03 car. In the consumer sector, Macquarie's top pick is Yum China , which operates Pizza Hut and KFC in China. Yum China on Nov. 4 reported third-quarter earnings, showing operating profit grew by 15% year-on-year to $371 million. "You have to be very willing to suffer the negative sentiment to invest in China," Ren said.
Persons: Donald Trump, Shanghair, Liqian Ren, Ren doesn't, Ren, Anta, Fila, CNBC's Michael Bloom Organizations: Finance, U.S, CSI, Adidas, Fila, Baidu, Macquarie, KFC Locations: China, Hong Kong, WisdomTree, U.S
The president-elect promised on the campaign trail to cut taxes on Social Security benefits in his second term. For some baby boomers, lower Social Security taxes could mean larger monthly checks in the short-term. But experts predict that the Social Security tax cuts, along with other campaign promises made by Trump, could quickly drain the national Social Security fund. More than 72 million Americans receive Social Security and the estimated average monthly check is $1,907 a month, per the Social Security Administration. Social Security tax cuts would hurt low-income retirees, younger generationsUS Social Security will be depleted in the next decade without Congressional action.
Persons: Trump, , Donald Trump, Taylor Lee, Lee Organizations: Social Security, Service, Social, White, Fox, Belmont Capital Advisors, Trump's Social, Social Security Administration, Security, Federal Budget, Congressional, Congress, Republican, Trump Locations: Belmont
The Summary A patch of snow in Scotland known for lingering year-round has melted for the fourth consecutive year. Such snow patches can act as harbingers of the broader consequences of climate change. A patch of snow in the Scottish Highlands dubbed the Sphinx typically lingers year-round, staying frozen through the summer. “It’s always been about trying to get that the right balance, to make sure that nature and people can thrive in the national park,” Moir said. We are now looking at an epoch where patches of snow are possibly going to be only occasional survivors.”
Persons: It's, , Grant Moir, Moir, ” Moir, “ We’ve, we’ve, “ It’s, Iain Cameron, Scottish Snow Hunter, Cameron, Organizations: Scottish Highlands, Park Authority, ” Records, Climate, Scottish, Royal Meteorological Locations: Scotland, Scottish, Braeriach, Great Britain, Scotland’s
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