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☆ India's ReNew Energy offered to be taken private in $2.82 billion deal
▼ + stars: | 2024-12-12 | by ( ) www.cnbc.com time to read: +2 min

Some of the biggest investors in ReNew Energy Global have offered to take the company private, filings to the U.S. Securities And Exchange Commission show, in a deal that values the clean power generator at $2.82 billion, according to Reuters calculations. Major shareholders Canada Pension Plan Investment Board, UAE-based Masdar, ReNew Chairman Sumant Sinha and a unit of the Abu Dhabi Investment Authority have offered to buy shares in India's second largest clean energy generator at $7.07 each. The consortium has collective voting rights of 64% in ReNew, which is India's second biggest renewable energy firm after Adani Green. Shares of ReNew closed 17.7% higher at $7.46 on the Nasdaq on Wednesday, 5.5% above the offer price. Goldman Sachs , one of ReNew's earliest investors, sold its entire stake after the energy company went public in 2021.

Persons: Sumant Sinha, Adani, CreditSights, Masdar, JERA, Goldman Sachs Organizations: Energy Global, U.S . Securities, Exchange, Canada, Plan Investment Board, Abu Dhabi Investment Authority, Nasdaq, SEC, Fitch Group, NASDAQ Locations: UAE, Abu Dhabi, India's, India, U.S, Middle

☆ CNBC Sport: Warner Bros. Discovery's distribution win, and how Netflix landed its Christmas Day NFL lineup
▼ + stars: | 2024-12-12 | by ( Alex Sherman | In Alex-Sherman | ) www.cnbc.com time to read: +20 min

At first, I was a bit skeptical this was as big of a win for Warner Bros. Carriage fees for cable networks with many live NBA games and a popular studio show ("Inside the NBA") would typically rise. But, after doing a bit of digging, I've come to believe it's a little more of a win for Warner Bros. At first, I was a bit skeptical this was as big of a win for Warner Bros. But, after doing a bit of digging, I've come to believe it's a little more of a win for Warner Bros.

Persons: Alex Sherman, David Zaslav, I'd, Ernie Johnson, Charles Barkley, Kenny Smith, Shaquille O'Neal, –, Turner, Ian Eagle, Nate Burleson, Watt, Noah Eagle, Greg Olsen, Jamie Erdahl, Steve Wyche, Laura Rutledge, Mina Kimes, NBC's Devin McCourty, Jason McCourty, I'm, Olsen, Fox, Tom Brady, They're, Comcast's NBCUniversal, they're, Bob Baffert, Contessa Brewer, Baffert, Barnes, Whoopi Goldberg, George Chung, Goldberg, CNBC's Jess Golden, Michael Ozanian, Egon Durban, Michael Meldman, Armour, CNBC's Golden, Gabrielle Fonrouge, Steve Cohen, Juan Soto, Soto, Roger Goodell, Jay, Kendrick Lamar, Z, Sean, Diddy, Combs, Z's, Goodell, David Grogan Organizations: CNBC, Comcast, Warner Bros, Discovery, TNT, NBA, Warner Bros ., Turner Sports, NASCAR, NHL, MLB, sublicensing College Football, ESPN, Max, Netflix, CBS, Kansas City Chiefs, Pittsburgh Steelers, Baltimore Ravens, Houston Texans, NBC Sports, NFL, The New, Fox, Paramount, Kentucky Derby, Medina, Churchill Downs, CNBC Sport, Women's Sports Network, ABC, NBC, Philadelphia Eagles, Buffalo Bills, Miami Dolphins, Ares Management, Las Vegas Raiders, Silver, New York Red Bulls MLS, Illustrated, SI, Authentic Brands, New York Mets, The New York Post, Mets, New York Yankees, Major League Baseball, CNN, Front Office, NCAA, College Football, CFP, Alabama, SEC, Super, Allen & Company Sun Valley Conference Locations: J.J, The New York, Churchill, Baffert, Spain, Portugal, Morocco, Saudi Arabia, Sun Valley , Idaho

☆ An entire team of EY lawyers jumped ship to a major US law firm
▼ + stars: | 2024-12-12 | by ( Polly Thompson | ) www.businessinsider.com time to read: +2 min

A team of eleven lawyers from EY have left the firm to join Hunton Andrews Kurth, a US law firm. 11 lawyers from the Big Four firm EY have been poached by the London office of Hunton Andrews Kurth, a US law firm. Hunton Andrews Kurth is an energy and infrastructure specialist. It is the 70th largest law firm in the US by employee numbers, with 754 lawyers in 2023, according to Law.com. Hunton Andrews Kurth has seen demand for its services rise in recent years.

Persons: Hunton Andrews Kurth, Charles Morrison, Sam Danon, Hunton Andrews, we've, Watkins, Ferdinand Calice, EY Organizations: EY, Big, Latham, Financial, PwC, KPMG, Deloitte, Business Locations: London, Europe

☆ A descriptive domain is the secret SEO weapon for unlocking business visibility and success
▼ + stars: | 2024-12-12 | by ( Sponsored Identity Digital | ) www.businessinsider.com time to read: +7 min

Using descriptive domains like .pro can boost a business' SEO and expand audience reach. Descriptive domains. When Google Search users see our domain in the Google search results, there is no question about what we offer." CCI is leaning on its descriptive domain to advance its credibility, expand its roster of high-profile clients, and enter new markets like political consulting. Purchase a descriptive domain name like .pro today and unlock the potential of a new web address for your brand.

Persons: Fili Wiese, Kaspar Szymanski, Rachel Sterling, Sterling, Wiese, Szymanski, seo.chat, Jack Carpenter, It's, Carpenter Organizations: Consulting, Google, Identity, Currents, Search, Identity Digital, Insider Studios Locations: Austin , Texas, Germany

☆ TD Cowen names Amazon a top pick for 2025, says stock has more room to run
▼ + stars: | 2024-12-12 | by ( Alex Harring | ) www.cnbc.com time to read: +1 min

Amazon shares are the way to go for 2025, according to TD Cowen. Analyst John Blackledge named the e-commerce giant a top large-cap pick for the new year. He also raised his price target on the stock by $25 to $265, which suggests upside of 15.1% over Wednesday's close. TD Cowen is in the majority on Wall Street, with the lion's share of analysts polled by LSEG holding a buy-equivalent rating on the stock. However, the megacap tech stock has surged more than 51% in 2024, meaning it has outperformed the broader market.

Persons: TD Cowen, John Blackledge, Blackledge Organizations: Amazon Web, LSEG

☆ Here are Thursday's biggest analyst calls: Nvidia, Apple, Coca-Cola, McDonald's, Palantir & more
▼ + stars: | 2024-12-12 | by ( Michael Bloom | ) www.cnbc.com time to read: +10 min

Here are Thursday's biggest calls on Wall Street: UBS upgrades Diageo to buy from neutral UBS said it sees brand momentum for the beverage company. JPMorgan upgrades Brookfield Renewables to overweight from neutral JPMorgan said it's bullish on shares of the renewables company. Wells Fargo reiterates McDonald's as overweight The firm said it's a top idea heading into the holidays and 2025. " Bank of America upgrades Constellation Energy to buy from neutral The firm said shares of the energy company are "compelling." Goldman Sachs reiterates AT & T as buy The firm said the telecom company is a top idea in 2025.

Persons: Don Julio, Goldman Sachs, Nucor, Bernstein, Apple, it's, Morgan, Wells, Blackstone, TD Cowen downgrades Adobe, Cowen, KeyBanc, Mizuho, Morgan Stanley, Roblox, Hershey, it's bullish, Woodward, Goldman, bullish, TD Cowen, Baird, Palantir, Dr Pepper, Disney, Parsons, Jefferies Organizations: UBS, Diageo, Crown, Dynamics, Gulfstream, Apple, JPMorgan, Brookfield Renewables, Brookfield Renewable Partners, Brookfield Renewable Corp, Morgan Stanley, Alcoa, Mobile, Nvidia, Mizuho, MU, DELL, HSBC, Hershey, UW, EW, Citi, American Airlines, Benchmark, Penske, Penske Auto Group, AWS, Adv, Energy, Deutsche Bank, Pepsi, Deutsche, Beverage, Disney, " Bank of America, Inc, Holdings, Constellation Energy, Constellation Energy Group, DoD, Federal Civilian, Emerson Electric, Jazz Pharmaceuticals Locations: Western Australia, Wells Fargo, 1H25, CRDO, Mar

☆ SpaceX's tech-billionaire astronaut, Jared Isaacman, says his future missions are a 'question mark' now
▼ + stars: | 2024-12-12 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +3 min

The billionaire Jared Isaacman said his Polaris missions with SpaceX are "a question mark" now. AdvertisementJared Isaacman has flown two SpaceX missions to space and is slated to fly two more. However, Isaacman may no longer fly those missions now that President-elect Donald Trump has tapped him to lead NASA. SpaceXThe program is scheduled to fly two future missions, including the first human flight aboard SpaceX's Starship mega-rocket. "The future of the Polaris program is a little bit of a question mark at the moment.

Persons: Jared Isaacman, Donald Trump, Isaacman, Elon Musk's, John Logsdon, Logsdon, SpaceX's, George Nield Organizations: Polaris, SpaceX, NASA, Polaris Program, SpaceX's, Reuters, Space, George Washington University Locations: Orlando

☆ Warner Bros. Discovery stock surges as it restructures its business
▼ + stars: | 2024-12-12 | by ( Brian Stelter | ) edition.cnn.com time to read: +1 min

CNN —Warner Bros. Discovery, CNN’s corporate parent, announced Thursday it is establishing a new corporate structure that splits its cable networks off from its growing streaming business. Warner Bros. Shares of Warner Bros. The new structure will give Warner Bros.

Persons: Max, David Zaslav, Donald Trump Organizations: CNN, Warner Bros, Comcast, Networks, TBS, TNT, Warner Bros ., Wall Street

☆ SEC charges Cantor Fitzgerald, led by Trump’s Commerce pick, with breaking securities laws
▼ + stars: | 2024-12-12 | by ( Christina Wilkie | In | ) www.cnbc.com time to read: +2 min

Brendan McDermid | ReutersWASHINGTON — The Securities and Exchange Commission charged global financial services firm Cantor Fitzgerald with violating laws related to disclosures by so-called blank-check companies before they raised money from the public. Cantor Fitzgerald's chairman and CEO, Howard Lutnick, was recently nominated by President-elect Donald Trump to lead the Commerce Department. The SEC said that Cantor agreed to settle the case by saying the firm would not violate the relevant securities laws again and pay a $6.75 million civil penalty. The firm did not admit or deny the charges, which relate to certain antifraud and proxy provisions of federal securities laws. The SEC said that the team of Cantor executives and employees of Cantor subsidiaries searched for potential companies for the two SPACs to merge with, and had "substantive discussions" with potential targets.

Persons: Howard Lutnick, Piper Sandler, Brendan McDermid, Cantor Fitzgerald, Cantor Fitzgerald's, Donald Trump, Lutnick, Cantor, Andrew Kelly Organizations: Partners, Piper Sandler Global Exchange, FinTech Conference, Reuters WASHINGTON, The Securities, Exchange Commission, Commerce Department, SEC, Trump, Commerce, Republican, Madison, Reuters, View Inc Locations: New York City, U.S, New York, IPOs

☆ Trump says the U.S. is going to do 'something great with crypto'
▼ + stars: | 2024-12-12 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

President-elect Donald Trump is handed a coat by trader Peter Giacchi, as he walks the floor of the New York Stock Exchange, Thursday, Dec. 12, 2024, in New York. President-elect Donald Trump said the U.S. is going to become the global leader for cryptocurrency in his upcoming term. Trump's embrace of the crypto industry is a welcome pivot for digital currency investors from the stance of the current administration, which has a notoriously contentious relationship with the crypto businesses. A national strategic bitcoin reserve or stockpile is among Trump's many campaign promises to the growing industry that helped get him re-elected. Trump was at the NYSE to ring the opening bell in honor of receiving Time magazine's "Person of the Year" award.

Persons: Donald Trump, Peter Giacchi, cryptocurrency, Trump, CNBC's Jim Cramer, Bitcoin Organizations: New York Stock Exchange, NYSE Locations: New York, U.S, China

☆ What's next for retail media? 5 bold predictions for 2025
▼ + stars: | 2024-12-12 | by ( Sponsored Inmar | ) www.businessinsider.com time to read: +6 min

As spending with retail media networks (RMNs) continues to grow — predicted to hit $166B in 2025 — retail media evolves daily. Because of the vast array of 1P-connected tactics it powers, Inmar Intelligence is constantly collaborating with retailers across the maturity scale within retail media. Those investments should be priced and measured appropriately as experiential marketing versus eCPMs and iROAS," Leah Logan, vice president and general manager of retail media at Inmar Intelligence, said. Overall, the retail media landscape will continue changing more rapidly than anyone can possibly predict. Skai x P2PI State of Retail Media Survey, December 2023To see how to create the consumer's ideal shopping experience, download Inmar's report, Retail Media Networks: Areas to Watch.

Persons: Read, —, Leah Logan, Z, Matthew Fantazier, Logan Organizations: Intelligence, Inmar Intelligence, CTV, Retail Media Survey, Retail Media Networks, Insider Studios Locations: Kenvue, P2PI

☆ Warner Bros. Discovery shares surge 15% after company announces linear, streaming restructuring
▼ + stars: | 2024-12-12 | by ( Sara Salinas | In Saracsalinas | ) www.cnbc.com time to read: +1 min

Discovery, David Zaslav arrives for the world premiere of "The Flash" at Ovation Hollywood in Hollywood, California, on June 12, 2023. Discovery on Thursday announced a restructuring plan to segment its business into linear and streaming units in a move that could simplify future consolidation. The company's new global linear networks division will house its networks of news, sports, scripted and unscripted programming like CNN, TBS, TNT, HGTV and the Food Network. A streaming and studios unit will house WBD's film studios and streaming platform Max. Longtime TV powerhouse HBO will be slotted under the streaming unit, according to a person familiar with the matter.

Persons: David Zaslav, — CNBC's Alex Sherman Organizations: Warner Bros, Ovation Hollywood, CNN, TBS, TNT, HGTV, Food Network, Longtime, HBO, Comcast, CNBC, Syfy, Golf, Networks, Studios, Discovery Locations: Hollywood , California, USA

☆ CNBC Daily Open: Alphabet and Tesla power Nasdaq to record highs
▼ + stars: | 2024-12-12 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +2 min

Michael Nagle | Bloomberg | Getty ImagesThis 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. The reading clears the way for the Fed to cut rates, which is likely to send tech shares higher. Irwin increased his price target to $380 from $85, noting in a report that "Musk's authentic support for Trump likely doubled Tesla's pool of enthusiasts and lifted credibility for a demand inflection." On Wednesday, analysts at Goldman Sachs boosted their price target on Tesla, joining bullish reports from firms like Morgan Stanley and Bank of America.

Persons: Michael Nagle, Donald Trump's, Tesla, Elon Musk, Vivek Ramaswamy, Trump, Craig Irwin, Roth MKM, CNBC's, Irwin, Goldman Sachs, Morgan Stanley, — CNBC's Lora Kolodny, Ari Levy Organizations: Nasdaq, Bloomberg, Getty, CNBC, Tech, Amazon, Fed, Trump administration's Department, Government, Trump, Goldman, Bank of America Locations: New York

☆ Tesla just lost one of its key autopilot execs to an Amazon-backed robotaxi rival
▼ + stars: | 2024-12-12 | by ( Tom Carter | ) www.businessinsider.com time to read: +2 min

Tesla's director of engineering for Autopilot has left the company for robotaxi rival Zoox. Elon Musk laid off over 10% of the company in April and is trying to pivot Tesla toward autonomous vehicles. AdvertisementZheng Gao, Tesla's director of engineering for Autopilot hardware and an eight-year veteran at the Elon Musk-run automaker is departing for rival robotaxi builder Zoox, the Amazon-backed company announced on Wednesday. Gao, who led hardware design for Tesla's Autopilot assisted-driving system, is the latest senior employee to leave the company. AdvertisementFour of CEO Elon Musk's direct reports previously announced their departures the week before Musk unveiled Tesla's Cybercab robotaxi in a glitzy Los Angeles event.

Persons: Zoox, Zheng Gao, Elon Musk, Gao, Elon Musk's, Musk, Marc Van Impe, Nagesh, Drew Baglino, Rebecca Tinucci, Tesla, Waymo Organizations: Tesla, Elon, Google, Amazon, Las Locations: Los Angeles, California, Texas, San Francisco, Las Vegas

☆ No one wants to own cable TV networks anymore
▼ + stars: | 2024-12-12 | by ( Peter Kafka | ) www.businessinsider.com time to read: +3 min

If so, consider that the people who own cable TV networks seem increasingly uninterested in hanging on to them. That's the real story behind WBD's corporate maneuvering Thursday — to make a cable TV spin-off or sale much more likely. Comcast is ditching its cable TV networks. That's because Comcast's spun-off cable TV operation will want to find other cable TV networks to add to its collection, so it can increase negotiating power. (Just Thursday, Google said it was hiking the price of its YouTube TV cable bundle by 14%.)

Persons: WBD, WBD execs, Comcast's, Donald Trump's, David Zaslav Organizations: Comcast, Warner Bros, TNT, Food Network, Trump, Big Tech, Big Media, Google, YouTube Locations: Big

☆ Inside Look: World's Highest Grade Uranium Mine Supplies 11% of Global Demand.
▼ + stars: | 2024-12-12 | 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 EmailInside Look: World's Highest Grade Uranium Mine Supplies 11% of Global Demand. CNBC's Pippa Stevens with an inside look of the West's largest uranium mine, Cigar Lake in Northern Saskatchewan. This mine supplies about 11% of the global annual uranium demand and uses innovative techniques to extract high-grade uranium. As the demand for clean energy rises, especially from big tech companies like Microsoft and NVIDIA, the importance of such mines continues to grow. With geopolitical tensions increasing, these mines are becoming even more crucial.

Persons: Pippa Stevens Organizations: Microsoft, NVIDIA Locations: Northern Saskatchewan

☆ US wholesale inflation surged higher in November
▼ + stars: | 2024-12-12 | by ( Alicia Wallace | ) edition.cnn.com time to read: +2 min

CNN —US wholesale inflation shot higher last month, an unwelcome sign that some prices could be heating up before they come down the pike to consumers. October’s monthly and annual rates were both revised higher from their initial estimates. However, food prices surged last month by 3.1%, driving the overall index higher. An ongoing deadly avian flu coupled with holiday-based demand has caused shortages and driven egg prices higher. On Wednesday, the latest Consumer Price Index landed in line with expectations but did show that some stagnation in the progress on reining in inflation.

Persons: Price Organizations: CNN, of Labor Statistics, PPI, Index

☆ Watch CNBC's full discussion with Ankur Crawford, Joe Terranova, and Max Kettner
▼ + stars: | 2024-12-12 | 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 discussion with Ankur Crawford, Joe Terranova, and Max KettnerAnkur Crawford, Alger executive VP and portfolio manager; Joe Terranova, Virtus Investment Partner chief market strategist; and Max Kettner, HSBC Global Research chief multi-asset strategist join CNBC's 'Closing Bell' to discuss market outlooks.

Persons: Ankur Crawford, Joe Terranova, Max Kettner Ankur Crawford, Alger, Max Kettner, CNBC's Organizations: Virtus Investment Partner, HSBC Global Research

☆ Americans who are charged overdraft fees are now on track to save $225 a year
▼ + stars: | 2024-12-12 | by ( Ayelet Sheffey | Juliana Kaplan | ) www.businessinsider.com time to read: +3 min

The CFPB previously found that banks were charging Americans unnecessary overdraft fees. AdvertisementOn Thursday, the Consumer Financial Protection Bureau announced that it finalized a rule that would limit overdraft fees at the bank. Overdraft fees are charged when customers make a withdrawal that results in a negative account balance. Lower-earning Americans are disproportionately impacted by overdraft fees, per a previous report from the CFPB. Have you paid overdraft fees or struggled with banking fees?

Persons: Rohit Chopra, Donald Trump, Elon Musk, Vivek Ramaswamy, Musk, Chopra, Musk's Organizations: Consumer Financial, Bureau, Department of Government, asheffey

☆ These charts show how YouTube TV has become a worse and worse deal
▼ + stars: | 2024-12-12 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

The price of YouTube TV is going up again — and cord-cutters around the internet are up in arms. Before this hike, YouTube TV was generally cheaper than many rival streaming TV packages from competitors such as Hulu + Live TV, Fubo TV, Spectrum, and DirecTV. These factors helped YouTube TV grow to 8 million customers (as of earlier this year) and far outpace its digital rivals. AdvertisementGoogle may also have raised YouTube TV prices to help cover its investment in NFL Sunday Ticket. "We give all members the flexibility to cancel their membership at any time," the YouTube TV spokesperson said in their statement.

Persons: that's, —, Morgan Stanley Organizations: YouTube, Google, Hulu, Disney, ESPN, DirecTV, US Bureau of Labor Statistics, NFL Sunday

☆ The Fed is likely to 'go on hold' with rate cuts after June 2025, says Comerica Bank's Bill Adams
▼ + stars: | 2024-12-12 | 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 Fed is likely to 'go on hold' with rate cuts after June 2025, says Comerica Bank's Bill AdamsMatt McLennan, co-head of First Eagle’s global value team, and Bill Adams, chief economist at Comerica, join CNBC's 'The Exchange' to discuss the Fed's path for rate cuts, what they see in recent economic data, and more.

Persons: Bill Adams Matt McLennan, Bill Adams, CNBC's Organizations: Comerica

☆ CNBC Daily Open: Nasdaq climbs past 20,000, powered by megacap tech gains
▼ + stars: | 2024-12-12 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. OPEC cuts demand forecast againOPEC has cut its 2024 global oil demand growth forecast for a fifth straight month and by its largest amount yet, according to Reuters. OPEC expects global oil demand to rise by 1.61 million barrels per day, down from the previous forecast of 1.82 million bpd last month. It also cut its 2025 growth estimate to 1.45 million bpd from 1.54 million bpd. China accounted for part of the latest downgrade, with Chinese oil demand expected to rise by 430,000 bpd in 2024, down from 760,000 bpd increase predicted in July.

Persons: Tesla Organizations: CNBC, Nasdaq, Amazon, Dow Jones, Investment Company Institute, Vanguard, U.S, OPEC, Reuters, Wall Street Locations: October's, U.S, China

☆ Why investors should move out of excess cash in 2025, according to experts
▼ + stars: | 2024-12-12 | by ( Michelle Fox | ) www.cnbc.com time to read: +7 min

Yields on cash-equivalent investments like money market funds , certificates of deposit and Treasury bills follow the Federal Reserve 's interest-rate moves. A record $6.77 trillion is sitting in money market funds, as of the week ended Dec. 4, according to the Investment Company Institute . Money market funds, with 12-months yields about 5%, averaged around a 7.34% return during that same time period, Alvarado said. Locking in income Investors' portfolios should be tailored to their time horizon and risk profile, Queen said. UBS is also advising investors to shift excess cash into assets that provide higher and more durable sources of income.

Persons: Peter Crane, Crane, Donald Trump, Cash, Luis Alvarado, Alvarado, Mark Haefele, Haefele, John Queen, Queen, Wells Fargo Organizations: Federal, Investment Company Institute, Fed, Crane, Bureau of Labor Statistics, Vanguard, Wells, Wells Fargo Investment Institute, Morningstar U.S, Fund, UBS, UBS Global Wealth Management, Capital Group, Wells Fargo Investment Group Locations: Wells Fargo, Asia

☆ Klarna CEO on state of consumer: Seeing a clear shift away from credit cards
▼ + stars: | 2024-12-12 | 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 EmailKlarna CEO on state of consumer: Seeing a clear shift away from credit cardsKlarna CEO Sebastian Siemiatkowski joins 'Squawk Box' to discuss the holiday shopping season, state of the consumer, growth outlook for the company, future of the credit card ecosystem and retail banking, impact of AI, and more.

Persons: Sebastian Siemiatkowski

The 2034 World Cup was officially awarded to Saudi Arabia, FIFA president Gianni Infantino announced Wednesday following a virtual congress. The decision, however, comes with pushback from groups that criticize Saudi Arabia’s human rights record. A joint statement from 21 organizations — with signatories from international trade unions and global human rights organizations such as Amnesty International — called the move a “moment of great danger” for human rights. “FIFA’s reckless decision to award the 2034 World Cup to Saudi Arabia without ensuring adequate human rights protections are in place will put many lives at risk,” the statement read. Hassan al-Thawadi, secretary general of Qatar’s World Cup organizing committee, told Piers Morgan in 2022 that “between 400 and 500” migrants died but he did not “have the exact number.”The United States, Mexico and Canada will host the upcoming World Cup in 2026.

Persons: Gianni Infantino, ” Infantino, Infantino, Saudi Arabia Crown Prince Mohammed bin Salman, Saud, “, Jamal Kashoggi, Hassan al, Piers Morgan Organizations: FIFA, Saudi Arabia Crown, Associated Press, Saudi, Amnesty, Rights Watch Locations: Saudi Arabia, Portugal, Morocco, Spain, Bandar Al, United States, Saudi, Qatar, Mexico, Canada, Brazil

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