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☆ New York City's Meatpacking District will say goodbye to its last meatpacker — and a 60-story tower could be on its way
▼ + stars: | 2024-11-25 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +5 min

AdvertisementThe last meatpackers in NYC's Meatpacking District are getting ready to close shop. The era of New York City's Meatpacking District as a neighborhood where people actually pack meat is coming to an end. A section of the Meatpacking District in 1929. AdvertisementShoppers wait in line for a sample sale in the Meatpacking District in 2024. "It wasn't always a meatpacking district," Andrew Berman, the executive director at historic preservation group Village Preservation, told the AP.

Persons: NYC's, Eric Adams, there's, hasn't, State Sen, Brad Hoylman, didn't, John Jobbagy, Jobbagy, Julia Demaree Nikhinson Jobbagy, he's, Samantha Jones, It's, amNY, Andrew Berman, it's, Berman Organizations: New York City, Associated Press, . New York City Municipal Archives, AP, State, Village, Community, Gucci, Rolex, New York City Municipal Archives, Preservation Locations: NYC's Meatpacking, Greenwich Village, York, New York, Manhattan, Meatpacking, . New York City, Meatpacking District, City of New York, Budapest, New York City

☆ Microsoft’s massive Outlook and Teams outage has gone on for hours
▼ + stars: | 2024-11-25 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +1 min

New York CNN —Microsoft said Monday that it has identified the cause of a major Outlook and Teams outage, and is deploying a fix to the problem. As of noon ET Monday, outage-tracking site Downdetector showed more than 5,000 user-reported problems, though this data doesn’t fully reflect the scale of the outage. Around noon, the company said the fix had reached “approximately 98% of the affected environments,” though reports on Downdetector kept increasing. The outage has hindered many office workers – though some US users on X celebrated the small break ahead of the Thanksgiving holiday weekend. Tech outages have had dire effects around the world this year, though Microsoft’s case isn’t as widespread in comparison.

Persons: We’ve, Downdetector, what’s Organizations: New, New York CNN, Microsoft, Tech, Fortune Locations: New York

☆ China is increasingly unnerved by Russia and North Korea's growing alliance, says top US official
▼ + stars: | 2024-11-25 | by ( Tom Porter | ) www.businessinsider.com time to read: +4 min

North Korea is providing crucial support to Russia in Ukraine, and is getting favors in return. China is increasingly concerned about the alliance between Kim Jong Un's North Korea and Vladimir Putin's Russia, according to Kurt Campbell, the US deputy secretary of state. AdvertisementMeanwhile, Russia is providing North Korea with economic and diplomatic support. "But the Chinese are waiting for an opportunity where North Korea, Russia, and China can come stronger together, and I think North Korea sending the troops to Russia is a testimony to that." The growing alliance between North Korea and Russia, he said, is a step toward that.

Persons: Kurt Campbell, Kim Jong, Vladimir Putin's, Putin, Campbell, Donald Trump, Ali Wyne, Jagannath Panda Organizations: Center for Strategic, International Studies, Guardian, Russia, Crisis, North, Stockholm Center, South, Pacific Affairs Locations: China, East Asia, North Korea, Russia, Ukraine, Vladimir Putin's Russia, Kursk, DPRK, Pyongyang, Moscow, Beijing, North, South Korea, Korea

☆ An inside look at Treasury secretary nominee Scott Bessent's research process and 'competitive edge'
▼ + stars: | 2024-11-25 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +3 min

AdvertisementA 2017 presentation for macro investor Scott Bessent's hedge fund explains his research process and "edge." His firm, Key Square Capital, struggled to generate returns despite its strong pedigree. Bessent — the former righthand man for billionaire George Soros and now the nominee for Treasury secretary by President-elect Donald Trump — saw billions of dollars leave his firm, Key Square Capital, after its 2016 launch, Reuters reported. It's not clear if there have been any changes to the investment process in the seven years since the presentation was created. Advertisement"Key Square views its research process as a think tank that is bolted on to disciplined trading and risk management," one slide reads.

Persons: Scott Bessent's, Donald Trump, Bessent, George Soros, Donald Trump —, Soros, Jim Chanos Organizations: Key Square Capital, Reuters, Business, Associates, Key

☆ Russia could give China submarine tech that would cut into US undersea dominance, US admiral says
▼ + stars: | 2024-11-25 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +3 min

AdvertisementRussia could hand China technology that would cut into US undersea dominance, a US admiral said. At a security forum, he said exchanges among Russia, Iran, North Korea, and China have intensified. Adm. Samuel Paparo, the US Navy's top commander in the Indo-Pacific, said that Russia will likely give submarine technology to China that would undercut the US' undersea dominance. According to Paparo, Russia is not only exchanging military capability and technology with China but also with North Korea and Iran. In return, according to Paparo, Russia would likely provide missile and submarine technology to the North Korean state.

Persons: Adm, Samuel Paparo, Paparo, Kurt Campbell, Kim Jong Un, Vladimir Putin Organizations: Halifax Security Forum, US Navy, North Locations: Russia, China, North Korea, Iran, Halifax, People's Republic of China, Taiwan, South China, Philippines, Japan, South Korea, Paparo, Korea, Ukraine, Korean, Russian, Pyongyang, Moscow

☆ Huawei's self-sufficient era shows just how splintered the US and China are in tech
▼ + stars: | 2024-11-25 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

AdvertisementHuawei is set to launch its new line of Mate 70 phones on Tuesday. It marks a new era of self-sufficiency at a moment of tech division between the US and China. On Tuesday, the Shenzhen-based tech giant is set to unveil a slate of new smartphones — the Mate 70 series — that will be the most free they have ever been of Western software and hardware. The Huawei Mate 60. Depending on the success of the Mate 70 phones, that gap could widen in the months ahead.

Persons: Donald Trump, Joe Biden's, Trump, —, Wang Gang, Beijing's mandarins, Tim Cook, Steve Jobs Organizations: Huawei, Wall Street, Kirin, Bloomberg, Apple Locations: China, Shenzhen, Washington

☆ 27-year-old making $108,000: 'I thrift just about everything and it definitely has helped me save a lot of money'—my top 3 tips
▼ + stars: | 2024-11-25 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +1 min

"I started with making stuff for music festivals, and then it quickly snowballed into making just about everything that I wear." She's a regular at a nearby Goodwill and the chain of Red, White and Blue thrift stores, and she frequents local secondhand shops. Whether it's reimaging a dress you find at your local Goodwill or just wearing it off the rack, shopping secondhand is way to save money and shop more sustainably. "I think that it's really fun to take the character that's in something from the thrift store and turn it into something new," Karasack says. Here are Karasack's best tips for a successful thrift store haul.

Persons: Karasack, She's, it's Organizations: Brooklyn, CNBC Locations: Florida

☆ I tried making Ina Garten's pumpkin, apple, and pecan pies. I'll never use anyone else's crust recipe again.
▼ + stars: | 2024-11-25 | by ( Paige Bennett | ) www.businessinsider.com time to read: 1 min

AdvertisementI followed Ina Garten's recipes for pumpkin, apple, and pecan pie to see which I liked best. The pecan pie tasted like a cocktail, and the apple pie was shockingly simple to throw together. I ended up with extra pumpkin-pie filling, but Garten's buttery crust was the real winner. I sometimes struggle to create a buttery, flaky crust, and my fillings don't always have the right texture. Here's how my day of baking went as I attempted to make Garten's pecan, pumpkin, and apple pies.

Persons: Ina Garten's, I'm, Ina Garten

☆ Israel and Hezbollah Mount New Attacks Amid Cease-Fire Talks
▼ + stars: | 2024-11-25 | by ( Jack Nicas | More About Jack Nicas | ) www.nytimes.com time to read: +1 min

The Israeli military said it had struck several command centers belonging to Hezbollah, the Lebanese militia, south of Beirut on Monday morning. Israeli officials said at least some were intercepted by Israeli missiles. Israeli officials said Hezbollah had fired at least 250 projectiles, a term it often uses for rockets, into Israel on Sunday, including many toward Tel Aviv, with some causing injuries. Analysts have said the intense attacks suggest that both Israel and Hezbollah are trying to maximize their leverage as diplomats conduct what they hope is a final round of cease-fire talks. Amos Hochstein, a top American envoy, traveled to Lebanon and Israel last week to move talks ahead.

Persons: Amos Hochstein, Lloyd J, Austin III, Israel Katz Organizations: Hezbollah, Lebanese, Israeli Locations: Israel, Lebanon, Beirut, Tel Aviv, American

☆ The Philippines' vice president has publicly threatened to assassinate her boss and his wife
▼ + stars: | 2024-11-25 | by ( Matthew Loh | ) www.businessinsider.com time to read: +6 min

Vice President Sara Duterte said on Saturday that she'd spoken to a hitman to kill her boss and his wife. Philippine Vice President Sara Duterte openly threatened on Saturday to assassinate the country's president, marking the deepest fracture yet in an alliance they once formed for the 2022 election. AdvertisementEduardo Año, national security advisor to the president, added that authorities considered Duterte's threat a "matter of national security." But she also blasted the national security council, saying that its responsibilities related to the safety of the country, not a vice president's remarks about a president. AdvertisementA partnership doomed from the startIn the Philippines, the vice president and president are elected separately and don't necessarily hail from the same party or ideology, though Duterte and Marcos positioned themselves as running mates.

Persons: Sara Duterte, Duterte, I've, Ferdinand, Bong Bong, Marcos, you'll, BBM, Liza Araneta, Martin Romualdez, Eduardo Año, Duterte's, Rodrigo Duterte, Ferdinand Marcos Sr, Ronald Holmes, gunning, —, Jorge Tigno, that's, Holmes, Tigno Organizations: of Representatives, voters, De La Salle University, of Education, Lawmakers, University of, Duterte, Senate, Business Locations: Philippines, Manila, China, Southeast

☆ Are you 'holding space' for 'Defying Gravity'? Here's what the concept actually means, from a psychologist
▼ + stars: | 2024-11-25 | by ( Aditi Shrikant | ) www.cnbc.com time to read: +1 min

"Wicked" stars Cynthia Erivo and Ariana Grande have recently made headlines not only around the movie's release, but also their emotional press tour. In a recent interview, Out reporter Tracy E. Gilchrist tells the two actresses that "people are taking the lyrics of 'Defying Gravity' and really holding space with that, and feeling power in that." That's really powerful. Holding space is "core therapy concept," says Lisa Marie Bobby, a relationship psychologist and founder of Growing Self Counseling & Coaching in Denver. "It means creating a safe, compassionate environment where someone can feel seen, heard, and understood without judgment or interruption," she says.

Persons: Cynthia Erivo, Ariana Grande, Tracy E, Gilchrist, Erivo, Cynthia, Lisa Marie Bobby Locations: Denver

☆ UniCredit's move on Banco BPM is a 'shrewd and very timely move': Porta Advisors
▼ + 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 EmailUniCredit's move on Banco BPM is a 'shrewd and very timely move': Porta AdvisorsBeat Wittmann, chairman and partner at Porta Advisors, discusses UniCredit's bid for Banco BPM and European banking consolidation more widely.

Persons: Beat Wittmann Organizations: Banco, Porta Advisors

☆ Ransomware attack leaves Starbucks using pens and paper to track employee hours
▼ + stars: | 2024-11-25 | by ( Katherine Tangalakis-Lippert | Alex Bitter | ) www.businessinsider.com time to read: +3 min

The software company behind Starbucks' payment and scheduling system has been experiencing a dayslong ransomware attack, causing outages that are disrupting employee pay. The attack on Blue Yonder, the company that makes the software, began on November 21 and has caused outages in Starbucks's system for tracking employee hours and payments. Starbucks told its employees that payment for the period ending on November 17 would be unaffected, but there may be discrepancies in the following pay period. The outage has forced employees to track their shifts using pens and paper, according to Bloomberg. The software company does not currently have a timeline for resolution of the issue, according to a webpage the company has published for customers impacted by the attack.

Organizations: Starbucks, Business Insider, Bloomberg, BI, Business, CNN, Sony Locations: America

☆ CNBC Daily Open: Small- and mid-caps stole the limelight last week
▼ + stars: | 2024-11-25 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +5 min

NYSEThis 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. What you need to know todayWinning week for marketsMajor U.S. indexes rose on Friday to end the week in the green, despite mega-cap stocks Nvidia and Alphabet shares dropping. [PRO] Interest rates back in focusThis week, the October personal consumption expenditures price index, out Wednesday, will dominate attention. The Dow Jones Industrial Average was 2% higher for the week and the S&P 500 and Nasdaq Composite both climbed around 1.7%.

Persons: GOOG, Donald Trump, Scott Bessent, Bessent, Kevin Warsh, Marc Rowan, Sir Richard Branson, Russell, Sam Stovall, Sundeep Gantori, — CNBC's Pia Singh, Alex Harring, Jesse Pound Organizations: New York Stock Exchange, NYSE, CNBC, U.S, Trump, Treasury, Fed, Anthropic Amazon, COP29, Virgin, U.S . Federal Reserve, Federal, Market, Nvidia, U.S . Department of Justice, Big Tech, Dow Jones, Nasdaq, Super Micro Company, CFRA Research, NVIDIA, UBS Locations: New York City, Anthropic, Azerbaijan

☆ U.S. stock and bond markets love Trump's pick of Bessent for Treasury — here's why
▼ + stars: | 2024-11-25 | by ( Jeff Cox | ) www.cnbc.com time to read: +1 min

Scott Bessent, founder and chief executive officer of Key Square Group LP, during an interview in Washington, D.C., June 7, 2024. The U.S. stock market appeared to cheer President-elect Donald Trump's presumptive nominee for Treasury secretary, who told CNBC earlier in November that he sees an era of strong growth and lower inflation ahead. Stock market futures rose and Treasury yields tumbled early Monday following the announcement late Friday that Trump would pick Scott Bessent, a familiar Wall Street figure, to take on his administration's most important economic role. The move sent a message that Trump wants someone with strong market credentials as well as a similar philosophy for the role. In particular, bond yields have scaled higher, with some interpreting the move as anticipating another leg up for inflation while others see it as traders pricing in stronger growth.

Persons: Scott Bessent, Donald Trump's, Trump, Sarah Bianchi, Evercore, Bianchi Organizations: Key, Washington , D.C, CNBC, Stock, Republicans Locations: Washington ,, U.S

☆ San Francisco Mayor-elect Daniel Lurie taps OpenAI's Sam Altman and other business leaders for help with transition
▼ + stars: | 2024-11-25 | by ( Kate Rogers | In Katerog | ) www.cnbc.com time to read: +2 min

San Francisco's Mayor-elect Daniel Lurie has begun tapping tech heavyweights and business leaders to help with his goal of overhauling the city's image. "He wants to put down roots here in San Francisco. The city can't have all its eggs in one basket and needs to expand into other business sectors as well, Lurie said. "We will go recruit companies from all sectors to come back to San Francisco," Lurie said. A fully-staffed police department and 911 dispatch office will be necessary to help bring businesses and workers back to the city, Lurie said.

Persons: Daniel Lurie, Sam Altman, Ned Segal, Lurie, Levi Strauss, I've Organizations: Francisco's Mayor, London, CNBC Locations: San Francisco, Francisco

☆ At 19, he dropped out of college—at 42, he's a bestseller: 'My last novel just debuted at No. 1 on the New York Times'
▼ + stars: | 2024-11-25 | by ( Gili Malinsky | ) www.cnbc.com time to read: +6 min

Klune attended community college for one semester, then got a job working as a claims adjuster at Geico in 2006. I will never be the world's best author, and I don't want to be. I want to write books that have footnotes. I want to write books that have notes in the margins and little doodles and everything like that. And that is the best thing in the world.

Persons: TJ Klune, Klune, I'd, —, You've, I've, you've Organizations: New York Times, CNBC Locations: Oregon, Geico, Verania, Virginia

☆ 9 scientific breakthroughs that resulted from Napoleon's invasion of Egypt
▼ + stars: | 2024-11-25 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +2 min

Astronomers, mathematicians, and naturalists spent three years studying the country. Napoleon's invasion failed, but it led to some groundbreaking scientific work. Related VideoWhen Napoleon invaded Egypt in July 1798, he brought more than just tens of thousands of soldiers. The scientists' tasks were made more difficult because the ship carrying much of their surveying and scientific equipment had sunk . Then, after a series of defeats in Egypt, Napoleon returned to France in 1799 and left many of the scientists stranded.

Persons: Napoleon, It's, Ridley Scott's, Joaquin Phoenix, Napoleon Bonaparte's, Egypt that's Organizations: Institut Locations: Egypt, Cairo, France

☆ Watch CNBC's full interview with NFL Legend Eli Manning and Jersey Mike's CEO Peter Cancro
▼ + 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 EmailWatch CNBC's full interview with NFL Legend Eli Manning and Jersey Mike's CEO Peter CancroPeter Cancro, Jersey Mike's CEO, and Eli Manning, 2X Super Bowl Champion, join 'Closing Bell Overtime' to talk their joint healthcare fundraising campaign, private equity investing in the NFL, Jersey Mike's sale to Blackstone and more.

Persons: Eli Manning, Peter Cancro Peter Cancro Organizations: NFL, Jersey, Blackstone Locations: Jersey

☆ Watch CNBC’s full interview with the 'Halftime Report' traders on the 'Bessent effect' and the market rally
▼ + 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 EmailWatch CNBC’s full interview with the 'Halftime Report' traders on the 'Bessent effect' and the market rallyJoe Terranova, Steve Weiss, Bryn Talkington and Josh Brown, join ‘Closing Bell’ to discuss the 'Bessent effect' on the rally and their market outlook.

Persons: Joe Terranova, Steve Weiss, Bryn Talkington, Josh Brown, Bell

☆ UBS sees 4 Fed rate cuts to come and advises slashing exposure to European markets
▼ + stars: | 2024-11-25 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUBS sees 4 Fed rate cuts to come and advises slashing exposure to European marketsKelvin Tay of UBS Global Wealth Management discusses rate cuts trajectory and the knock on effects on European markets.

Persons: Kelvin Tay Organizations: UBS, UBS Global Wealth Management

☆ Warren Buffett Publishes Letter on Giving Away Wealth, Kids, and Luck
▼ + stars: | 2024-11-25 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +5 min

Warren Buffett surprised shareholders on Monday with a near-1,500-word letter alongside his usual Thanksgiving gift to four of his family's foundations. The famed investor and Berkshire Hathaway CEO said he would shortly convert 1,600 of his Class A shares into 2.4 million Class B shares, worth about $1.2 billion. Buffett picked more trustees to share his wealthIn his unexpected missive to Berkshire shareholders, Buffett said the gifts would reduce his personal stockpile to 206,363 A shares, worth $149 billion. Buffett said his late wife's estate was worth about $3 billion, and 96% of that went into the pair's foundation. They are also somewhat younger than my children," Buffett said, adding those individuals are "on the waitlist" and he hoped his children disbursed all his assets.

Persons: Warren Buffett, Buffett, Elon Musk, Susan Thompson Buffett, Susan Thompson Buffett Foundation —, —, Howard G, He's, — Howard, Susie, Peter —, curt, — Buffett, Bertie, Morgan, Rockefeller, didn't, they're Organizations: Berkshire Hathaway, Susan Thompson Buffett Foundation, Sherwood Foundation, Buffett Foundation, NoVo Foundation, Oracle, Elon, Bloomberg, Berkshire, Ford, Carnegie Locations: Berkshire, Omaha

☆ I made Ina Garten's easy corn bread, and the dish was so perfect that I'm going to make it for every Thanksgiving
▼ + stars: | 2024-11-25 | by ( Anneta Konstantinides | ) www.businessinsider.com time to read: +1 min

AdvertisementI made Ina Garten's recipe for brown-butter skillet corn bread. The corn bread was a hit at Friendsgiving, and I loved it so much I'm going to make it every year. With the help of Ina Garten's cookbooks, I've turned from a ramen-burning amateur to someone who can serve pasta dishes that her friends will actually eat (and enjoy, I think). AdvertisementAs a huge pasta lover, I knew I had to test Garten's new recipe for overnight mac and cheese. But when I stumbled on a photo of Garten's brown-butter skillet corn bread, I knew I had to add it to the menu.

Persons: Ina Garten's, I've

☆ Uber and Lyft drivers say they're earning less — so some are starting their own ride services
▼ + stars: | 2024-11-25 | by ( Alex Bitter | ) www.businessinsider.com time to read: +6 min

AdvertisementSome Uber and Lyft drivers are starting businesses driving people they meet through the apps. Uber and Lyft drivers can make as little as $3 per ride, pushing some to look for alternatives. Brian is one of four drivers who told BI about starting his own business offering rides outside Uber and Lyft. When BI asked whether drivers are allowed to pitch their own businesses while on a trip for Uber, an Uber spokesperson said the app's drivers are independent contractors. The spokesperson also referenced company statistics showing that Uber drivers make more than $30 per hour "while active on the app."

Persons: Brian, Lyft, Uber, Torsten Kunert, YouTuber, Kunert, Phil Organizations: Business, Uber, Rideshare Services Locations: California, Ontario, Canada, San Diego

☆ Influencers are using AI 'women' to lead people to OnlyFans and Fanvue — where more AI awaits
▼ + stars: | 2024-11-25 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +4 min

And some people are selling courses for $220 on how to make your own lucrative AI adult creator. The articles said a crop of new Instagram influencers had amassed large followings and even secured brand deals. Some of these AI influencers, like Lil Miquela, are a sort of artsy commentary on the nature of influencing or something conceptually interesting. AdvertisementOne of the most popular AI influencers had a link in her bio to a profile on Fanvue, an OnlyFans competitor. One person is selling a course for $220 on how to make money with AI adult influencers.

Persons: Fanvue, influencers, Lil Miquela, —, Insider's Marta Biino, I'm Organizations: Media Locations: Fanvue

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