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Five sources familiar with the conversations said there has been close coordination, with Trump’s team being kept apprised of the sensitive and painstaking work by Joe Biden’s administration. Their counterpart in the Trump camp is Steve Witkoff, Trump’s recently named Middle East envoy. “He’s still going to want to take the credit, he’s still going to take the win,” said a source familiar with Trump’s thinking. The flurry of contact and travel by Biden and Trump officials will soon include a trip by Sullivan to Israel this week for talks on a range of issues, including Gaza. Trump officials engaging with IsraelisKey members of Trump’s national security team – and the president-elect himself – have also been engaged with members of the Israeli government, including Prime Minister Benjamin Netanyahu.

Persons: CNN —, Donald Trump, Joe Biden’s, Bill Burns, Brett McGurk, Trump, Steve Witkoff, Trump’s, Witkoff, they’re, Antony Blinken, ”, ” Biden, Biden, Jake Sullivan, Mike Waltz, “ He’s, he’s, ” Witkoff, “ I’m, Jon, “, Massad Boulos, ” Boulos, Sullivan, James Rubin, Blinken, –, Benjamin Netanyahu, Waltz, Ron Dermer, decamped, Netanyahu, Yahya Sinwar, Gideon Sa’ar, Adam Boehler, Jared Kushner, Ruby Chen, Itay Chen, SPEHA Adam, Boehler, CNN’s Eugenia Yosef, Dana Karni Organizations: CNN, Biden, Hamas, Biden’s, CIA, Middle, Reuters, ”, CBS, Trump, Incoming Locations: Gaza, Israel, Lebanon, Qatar, Abu Dhabi, United States, Syria, Jerusalem, Washington, Egypt, Turkey, Doha

☆ Economists have 'really had it wrong' about recession, market strategist says
▼ + stars: | 2024-12-10 | by ( Jessica Dickler | ) www.cnbc.com time to read: 1 min

The Federal Reserve is expected to cut interest rates by another quarter point at the conclusion of its two-day meeting next week. "Two years ago … three out of four economists were saying we're going into a recession," David Zervos, chief market strategist for Jefferies LLC, said during CNBC's Financial Advisor Summit on Tuesday. The Fed's preferred measure of inflation stood at 2.3% in October, or 2.8% when excluding food and energy prices, according to the latest reading. Meanwhile, the fourth quarter is on track to post a 3.3% annualized growth rate for gross domestic product, the Atlanta Fed found. "I think the market is spending way too much time focused on the inflationary consequences of either immigration or trade policies," Zervos said.

Persons: David Zervos, They've, Zervos Organizations: Federal, Jefferies LLC, CNBC's, Atlanta Fed

☆ Kipp Popert: The world’s best disabled golfer is on a mission to lift trophies in able-bodied tournaments
▼ + stars: | 2024-12-10 | by ( Andrew Mcnicol | ) edition.cnn.com time to read: +7 min

1 disabled golfer Kipp Popert promised 12-year-old local talent Andreas Ma after a chipping class between rounds at the Hong Kong Open last month. Popert’s inclusion marked the first time in the tournament’s history that a disabled golfer teed off with the pros. 1 and current number two, blazed the trail as the first disabled golfer to turn pro in 2019 and the first golfer with a disability to compete on the European Tour. In what is a promising start, Lawlor helped to set up the first prize money invitational event for disabled golfers two years ago. “I could never look at any of (the able-bodied golfers) because they were so much more advanced than me at 16 years old.

Persons: “, Kipp Popert, Andreas Ma, teed, Andreas, ”, Popert, ” Popert, Ma, Ike Li, Ike, Justin Rose, Tom Kim, it’s, –, Lindsey, ” Richard, Kate McShane, Bobby Jones, grandad, ‘, ’, ” Brendan Lawlor of Ireland, Lawlor, Kobe Bryant, Tiger Wood, Michael Jordan –, Archie Bruce, It’s, gesturing, ” Ma, Hong Kong Organizations: CNN, Hong, South, European, Kobe, Woburn Golf Club Locations: Hong Kong, South Korean, Woburn , England

☆ Jay-Z's response to sexual assault allegations was missing one key thing, according to PR pros
▼ + stars: | 2024-12-10 | by ( Olivia Singh | Jacob Shamsian | ) www.businessinsider.com time to read: +8 min

Jay-Z was named in an amended complaint to a lawsuit against Sean "Diddy" Combs, filed in October. Jay-Z's response to the rape accusations against him is missing something, according to one crisis-PR expert. The stars were only identified in the civil lawsuit as "Celebrity A" and "Celebrity B." He's "too big to cancel, and his brand is too strong to be destroyed by a civil lawsuit," Nierman said. "Jay-Z is not going to be defined by these allegations," Nierman said.

Persons: Jay, Sean, Diddy, Combs, drugging, —, Shawn Carter —, Carter, Tony Buzzbee, Evan Nierman, Nierman, would've, Jane Doe, Alex Spiro, Kevin Mazur, Camron, Mills Sadat Dowlat, Dowlatshahi, it's, Damian Williams, VALERIE MACON, who's, he's, Carter's, Spiro didn't Organizations: MTV, Business, The Recording Academy, Buzzbee, Getty, Beyoncé Locations: Brooklyn, New York City, Los Angeles, Manhattan, AFP

☆ Wall Street is eyeing this key inflation level to see if the Fed will keep cutting interest rates
▼ + stars: | 2024-12-10 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Traders are growing increasingly confident that the Federal Reserve will cut interest rates again next week. Others on Wall Street think the bar may be even higher for the central bank to hold rates where they are. Currently, trading in the Fed funds futures market suggests an 86% likelihood of a rate cut next week, according to the CME FedWatch Tool. Concerns about the labor market and political perception could be two key reasons for the Fed to keep cutting. "We also think cutting is the path of least resistance from a political perspective," BofA's Bhave said.

Persons: Dow Jones, Aditya Bhave, BofA's Bhave, Powell, Michael Bloom Organizations: Federal Reserve, CPI, PPI, Bank of America U.S, Fed

Luigi Mangione has been charged with murder in UnitedHealthcare CEO Brian Thompson's killing. Nick Mangione Sr. had 10 children, including Louis Mangione, Luigi Mangione's father. Representatives for Nino Mangione's office, in a statement to BI, declined to comment on the news of Luigi Mangione's arrest. A public filing from 2022 for the nonprofit Mangione Family Foundation lists Louis Mangione as vice president. Do you know Luigi Mangione?

Persons: Luigi Mangione, Brian Thompson's, Mangione, Brian Thompson, He's, Gilman didn't, Ted Kaczynski's, —, AppRoar, Stephen Lane, Penn, that's, hadn't, R.J, Martin, he'd, Josiah Ryan, Tim Urban, Jonathan Haidt, Michael Pollan, Nick Mangione, Louis Mangione, Luigi Mangione's, Nino Mangione, Nino Mangione's, Mark Rosario Organizations: Ivy League, University of Pennsylvania, Gilman School, BI, Model United Nations, CNN, Industrial Society, AppRoar, University of Pennsylvania's, Twitter, Pain Industry, Honolulu Civil, Wall Street, YouTube, Baltimore Banner, Hayfields Country, Republican, Associated Press, Greater, Greater Baltimore Medical Center, Foundation, New Jersey driver's Locations: Pennsylvania, New York, York, Baltimore, Hawaii, Honolulu, Ellicott City , Maryland, Hunt Valley , Maryland, Republican Maryland, Greater Baltimore, Altoona , Pennsylvania, New Jersey

Yields and prices move in opposite directions, and one basis point equals 0.01%. The yield on the 10-year Treasury was up more than 3 basis points to 4.234%. The 2-year Treasury also rose more than three basis points to 4.162%. U.S. Treasury yields rose on Tuesday as investors awaited fresh inflation data due later this week. Investors are looking ahead to fresh inflation data, which will be the major economic release this week.

Persons: Dow Jones, it's Organizations: Treasury, U.S, Investors, Federal, Deutsche Bank, National Federation of Independent Business

☆ Surprise RBI governor pick signals India may cut rates as soon as February, economists say
▼ + stars: | 2024-12-10 | by ( Dylan Butts | ) www.cnbc.com time to read: +2 min

People stand in front of a Reserve Bank of India logo at the Global Fintech Fest in Mumbai, India, 5 September, 2023. "The appointment of Mr Malhotra could set a new direction for the RBI," Shah added. The group had previously predicted the rate cut would come in April under Das' leadership. Economists at Citi, who were already predicting an interest rate cut from the RBI in February, reiterated that view. India's 10-year bond yields were down 2 basis points at 6.699% on Tuesday, signaling market expectations of a rate cut, while the rupee was hovering near record lows at 84.83 against the dollar, according to data from LSEG.

Persons: Shaktikanta Das, Sanjay Malhotra, Malhotra, Shilan Shah, Mr Malhotra, Shah, Das Organizations: Reserve Bank of, Global, Reserve Bank of India, Ministry of Finance, Indian Institute of Technology, Princeton University, Analysts, Committee, Capital Economics, Citi Locations: Reserve Bank of India, Mumbai, India, LSEG

☆ What the oil and gas industry wants from Trump and how his administration might deliver it
▼ + stars: | 2024-12-10 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

The oil and gas industry has a "to do" list for President-elect Donald Trump. Trump is setting up a National Energy Council that he says will oversee a path to U.S. energy dominance by cutting red tape. Doug Burgum, will chair the council and also have a seat on the National Security Council. "What they are envisioning for the Energy Council is the whole-of-government approach for energy security," API President Mike Sommers said of the incoming administration. Trump's pick for energy secretary, Liberty Energy CEO Chris Wright, will also serve on the council.

Persons: Donald Trump, Trump, Doug Burgum, Burgum, Mike Sommers, Sommers, Chris Wright, Wright, Kevin Book Organizations: Republicans, Hyatt, American Petroleum Institute, NBC News, National Energy Council, North Dakota Gov, National Security Council, Energy Council, Liberty Energy, ClearView Energy Partners Locations: Washington , DC

☆ The Eras Tour’s greatest legacy may be the (possible) breakup of Ticketmaster
▼ + stars: | 2024-12-10 | by ( Allison Morrow | ) edition.cnn.com time to read: +6 min

The Senate hauled Live Nation’s president and CFO in for a public scolding. Live Nation has consistently called the charges “baseless.”Ticketmaster absolutely bungled the initial sales for the Eras Tour. Joe Raedle/Getty Images“It is also absurd to claim that Live Nation and Ticketmaster wield monopoly power,” the company states on its website. Once you’re inside, Live Nation isn’t done taking your money, as Sherwood Media’s Amrita Khalid reported last week. Certainly, Live Nation is hoping for that, too.

Persons: CNN Business ’, New York CNN —, Taylor, Swift, They’d, Bon, Democratic Sen, Richard Blumenthal, ”, Joe Raedle, it’s, Paul R, Monica, Taylor Swift, isn’t, Sherwood Media’s Amrita Khalid, ” Khalid, Joe Biden, Joe Berchtold, “, Donald Trump, Democrats —, JD Vance, Lina Khan, Adam Wolfson, Quinn Emanuel, Trump, Gail Slater, Vance, Wolfson Organizations: CNN Business, New York CNN, Ticketmaster, Justice Department, Senate, Democratic, Connecticut, Democrats, Live, DOJ, Republicans, Republican Party, Big Business, Trump, ” Locations: New York, “, Barron’s, Walnut, Raleigh , North Carolina, ”

☆ At age 21, climber Tommy Caldwell pushed his kidnapper off a cliff. Here's what he learned from the experience.
▼ + stars: | 2024-12-10 | by ( Julia Pugachevsky | ) www.businessinsider.com time to read: +4 min

In 2000, Tommy Caldwell and three other climbers were kidnapped in Kyrgyzstan. In "The Devil's Climb," a National Geographic documentary, famed rock climbers Tommy Caldwell and Alex Honnold ("Free Solo") break a world record by climbing a treacherous Alaskan mountain in under 12 hours. Caldwell told Business Insider that he "just didn't experience trauma the way that a lot of people would expect" from the kidnapping. He told BI that he's learned two major things about trauma and high-stress situations since that day 24 years ago. Beth Rodden, Tommy Caldwell, Jason Smith, and John Dickey after their rescue.

Persons: Tommy Caldwell, Caldwell, Alex Honnold, Beth Rodden, Jason Smith, John Dickey, he's, Mike Caldwell, Greg Child, Peter Levine Organizations: Geographic Locations: Kyrgyzstan, Kyrgyz

☆ UPS is a buy as inflation moderates, BMO Capital Markets says in upgrade
▼ + stars: | 2024-12-10 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +2 min

United Parcel Service could benefit from lower interest rates as inflation eases, according to BMO Capital Markets. Analyst Fadi Chamoun upgraded shares to outperform from market perform. The U.S. central bank is expected to cut rates again next week by 0.25 percentage point, as inflation approaches the Fed's 2% goal. UPS YTD mountain UPS in 2024 Inflationary pressures on UPS' unit costs are also easing, per Chamoun. Of the 32 who cover UPS, 15 have a buy or strong buy rating, while another 14 rate it as a hold, according to LSEG data.

Persons: Fadi, Chamoun Organizations: Parcel Service, BMO Capital Markets, Federal Reserve, UPS, Network of, Transports Locations: Monday's, U.S

☆ One-time tech darling reapproaching its pandemic high. What the charts say happen next
▼ + stars: | 2024-12-10 | by ( Todd Gordon | ) www.cnbc.com time to read: +4 min

The stock stabilized and has mounted a charge to challenge the pandemic highs and is at a key technical decision point. The weekly chart shows SHOP testing the last two retracement ratios of 61.8% and 78.6% of the post-pandemic decline. The growth rate is massive, but so is the forward valuation of 76 times 2025 earnings, which is concerning. -Todd Gordon, Founder of Inside Edge Capital , LLC DISCLOSURES: (Gordon does now own SHOP in his wealth management company Inside Edge Capital, LLC. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: Jan, Todd Gordon, Gordon Organizations: Loop Ventures, Edge, Inside Edge, CNBC, NBC UNIVERSAL

☆ GM halts funding of robotaxi development by Cruise
▼ + stars: | 2024-12-10 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +3 min

General Motors will no longer fund its Cruise division's robotaxi development, the company said on Tuesday. GM said it plans to instead "realign its autonomous driving strategy" to focus on advanced driver assistance systems and autonomous systems for use in personal vehicles. The decision to halt its emerging robotaxi service came after collisions, a clash with regulators and the suspension of permits that allowed it to operate a robotaxi ride hailing service in California. At that point, Cruise began to focus on using the next-generation Chevrolet Bolt for development of its autonomous vehicles. SoftBank-funded Wayve is testing its autonomous vehicles in San Francisco, and Amazon-owned Zoox is also testing its autonomous vehicles, which do not feature steering wheels, in several U.S. cities including San Francisco.

Persons: Cruise, Mary Barra, Paul Jacobson, Jacobson, Waymo, Tesla, Elon Musk, — CNBC's Michael Wayland Organizations: Motors, Detroit, GM, Cruise LLC, Cruise, Miami Locations: Cruise, U.S, California, Miami, Texas, San Francisco

☆ Bucks and Thunder punch tickets to NBA Cup semifinals
▼ + stars: | 2024-12-10 | by ( Kevin Dotson | Wayne Sterling | ) edition.cnn.com time to read: +3 min

The first contest between the Orlando Magic and Milwaukee Bucks went down to the wire with the Bucks winning 114-109 at Fiserv Forum in Milwaukee. The eight-time All-Star finished with 28 points and nine assists and the NBA’s leading scorer, Bucks forward Giannis Antetokounmpo, had a game-high 37 points. The Bucks lost in last season’s semifinals to the Indiana Pacers, a memory that was fresh in the mind of Lillard. The Thunder attempted an astonishing 31 three-pointers in the first half of the game, connecting on 11 of them. The Thunder will await the winner of that game while the Bucks will face the winner of the Hawks-Knicks tilt.

Persons: Damian Lillard, Giannis Antetokounmpo, Shai Gilgeous, Alexander, Nate Billings, Luka Dončić, OKC, Irving, coasted, Gilgeous, ” Gilgeous, Trae Young, Steph Curry Organizations: CNN, NBA, Orlando Magic, Milwaukee Bucks, Bucks, Fiserv Forum, Milwaukee, Eastern, Indiana Pacers, ” Oklahoma City Thunder, Dallas Mavericks, AP Thunder, Luka, Oklahoma City Thunder, Thunder, Oklahoma City, Gilgeous, Mavericks, Dallas, The Thunder, New York Knicks, Atlanta Hawks, Golden State Warriors, Houston Rockets, Hawks, Knicks, Mobile Locations: Milwaukee, ”, Gilgeous, Madison, Bucks, Las Vegas

☆ Jim Cramer suggests Oracle can be bought on weakness and C3.ai sold into strength
▼ + stars: | 2024-12-10 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Tuesday compared Oracle and C3.ai , enterprise software companies in the spotlight as Wall Street continues to flock to many stocks involved with artificial intelligence. He advised buying Oracle on weakness and selling C3.ai into strength. C3.ai stock jumped during the day's session as the company beat expectations — it declined somewhat by close, but still managed to finish up 0.12%. But Cramer noted there are a large number of companies running hot just because they're related to AI, and C3.ai could be among them. To Cramer, Oracle's pullback may be a unique chance to get in on a solid company.

Persons: CNBC's Jim Cramer, it's, Tuesday's, Cramer chalked, Cramer Organizations: Oracle, Nvidia, Meta, C3, Microsoft

☆ Man accused of duping Filipino churchgoers into investing in video Covid-test tech to plead guilty
▼ + stars: | 2024-12-09 | by ( Kimmy Yam | Kimmy Yam Is A Reporter For Nbc Asian America. | ) www.nbcnews.com time to read: +5 min

A man in the San Fernando Valley of California has agreed to plead guilty to wire fraud, after prosecutors accused him of running a multimillion-dollar Ponzi scheme targeting local Filipino community members, including senior churchgoers. It was all under the guise of investing in his two tech companies, prosecutors wrote in the plea deal, with D’Habsburg making several claims including that his technology could detect Covid-19 infection based on video. At one point in 2020, D’Habsburg convinced a victim to wire $224,378.43 to his bank account in the name of BAI intelligence, prosecutors wrote in the plea deal reached with the defendant. He then used the money to buy luxury cars like a vintage Rolls Royce and rare antiques, court documents said. D’Habsburg hired recruiters to identify potential investors from the community for his business Wild Rabbit Technologies, in addition to BAI Intelligence, and marketed alleged artificial intelligence technology, prosecutors wrote in the plea deal.

Persons: Sylvein William Maximilian D’Habsburg XVII, D’Habsburg, who’s, Bryan Thomas, “, ”, Mr, ” Bryan Thomas, ” Licelle Cobrador, ” Cobrador, D’Habsburg “, he’d, Kobe Bryant, Michael Jordan, Joel Osteen, Mike Pompeo, Hillary Clinton, Cobrador Organizations: BAI, Royce, NBC News, BAI Intelligence, American Legal Defense, Education Fund, Attorney’s, Central, Central District of, Rabbit Technologies, Kobe, Harvard University, “ Locations: San Fernando Valley, California, U.S, Central District, Central District of California, Philippines

☆ Household finance outlook hits highest since February 2020, New York Fed survey shows
▼ + stars: | 2024-12-09 | by ( Jeff Cox | Jeff Cox Is A Finance Editor With Cnbc.Com Where He Covers All Aspects Of The Markets | Monitors Coverage Of The Financial Markets | ) www.nbcnews.com time to read: +2 min

Optimism about household finances hit a multiyear high following Donald Trump’s presidential election victory in November, according to a New York Federal Reserve survey released Monday. The results follow Trump’s Nov. 5 victory that will send him back to the White House for a second nonconsecutive term. Even with the increase in sentiment, consumers’ inflation outlook is still cautious, according to the New York Fed Survey. Though Trump has made little mention of attacking the government’s debt and deficit load, the outlook there improved as well. The median expectation for growth in government debt was at 6.2%, down 2.3 percentage points from October and the lowest level since February 2020.

Persons: Donald Trump’s, Joe Biden, Trump Organizations: New York Federal Reserve, White, Republican, New York Fed Survey Locations: New

☆ Chuck Todd: College Football Playoff selection committee dodges controversy by correctly leaving Alabama out
▼ + stars: | 2024-12-09 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Chuck-Todd-Circle-Byline-Template.Jpg | Chuck Todd | ) www.nbcnews.com time to read: +5 min

The fact that the committee chair admitted they debated SMU’s losses to ranked teams vs. Alabama’s losses to unranked teams makes me wonder. So too does almost putting a nine-win SEC team in over an 11-win ACC team. Here’s what is true: The SEC football programs spend the most money, and they would never want to believe they aren’t the best given how much each program does spend. Penn State vs. 13. Ohio State vs. 11.

Persons: doesn’t, Ole Miss, I’m, Ole Organizations: ACC Conference, College Football, Southern Methodist, SMU, SEC, ACC, Alabama, CFP, MLB, Boston College, NFL, Big, Penn, Ohio State, Clemson, Arizona State, Boise State, Notre Dame, Ole, Ole Miss, Gamecocks, Oregon, Army, Georgia, Texas, Penn State, Miami, Arizona, Ohio, Tennessee, Indiana, Boise Locations: Louisville , Kentucky, Morgantown, Blacksburg, West Virginia, Utah, Georgia , Texas , Tennessee, Alabama, Oregon, Penn State, Arizona, Boise, Notre Dame , Indiana, Miami, South Carolina, Boise State

☆ Reddit begins testing AI-powered answers feature to win more users
▼ + stars: | 2024-12-09 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +4 min

A small portion of Reddit's U.S. user base will have access to the Reddit Answers feature as part of an initial test before the company rolls the feature out more broadly. Reddit Answers is available via a new button on the company's homepage. Reddit Answers is more "about building a bridge to the content than it is about being a replacement for it," said Piantino. People will be able to use Reddit Answers to query any topic except those deemed NSFW, or not safe for work, Piantino said. With Reddit Answers, the company may be able to get more users to search for Reddit content on the platform, reducing the company's reliance on Google for traffic.

Persons: Steve Huffman, Piantino, Huffman, Reddit, Reddit isn't Organizations: Reddit, WSJ Tech, Wall, BMW, CNBC, Google Locations: Laguna Beach , California, U.S

☆ Ukraine's changing up its Black Sea attacks on Russia with drone boats armed with machine guns and flying exploding drones
▼ + stars: | 2024-12-09 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

The naval drones used in these recent engagements were said to have been equipped with new weapons and strike capabilities, highlighting Ukraine's innovation in this space. Ukraine typically loads its naval drones with explosives and drives them directly into targets; they detonate on impact. Докладноhttps://t.co/xGrVFNsBIr pic.twitter.com/WnfNSnYaDl — Військово-Морські Сили ЗС України (@UA_NAVY) December 7, 2024This strategy depicted in the video essentially saw the naval systems converted into drone-carrying motherships. The SBU said that its newly modified Sea Baby drones had been equipped with large-caliber machine guns and automatic target acquisition. Ukraine fields several different variants of its domestically produced naval drones, including the Sea Baby platforms used by the SBU last week.

Persons: ince, Украни вцеадмрал, Олексй Нежпапа Organizations: Russian, Ukrainian Navy, BU, ВМС, ЗС Locations: Ukraine, Moscow, Russian, Crimean, Kyiv

☆ Gold firms as investors await U.S. inflation data for Fed clues
▼ + stars: | 2024-12-09 | by ( ) www.cnbc.com time to read: +2 min

Gold prices gained on Monday as investors awaited U.S. inflation data due this week for clues on the Federal Reserve's next monetary policy moves. Gold prices gained on Monday as investors awaited U.S. inflation data due this week for clues on the Federal Reserve's next monetary policy moves. Top consumer China resumed buying gold for its reserves in November after a six-month pause. Traders are now looking forward to U.S. inflation data due on Wednesday. Gold is often seen as a safe-haven asset during times of economic or political uncertainty.

Persons: Bullion, Yeap Jun Rong, Yeap, Bashar al, Assad Organizations: Federal, People's Bank of China, China, U.S, Federal Reserve Locations: U.S, Damascus, Russia

☆ Polarization: Merriam-Webster’s word of year is 2024 in a nutshell
▼ + stars: | 2024-12-09 | by ( Karina Tsui | ) edition.cnn.com time to read: +2 min

CNN —A word that has been used incessantly to describe the fraught state of American politics and society is Merriam-Webster’s 2024 word of year. “The online dictionary tells us which words are being looked up, but also in what volume. “And polarization is the term that has been used by everyone.”Other contenders for word of the year included “totality,” following an April solar eclipse that drew astronomical excitement, and “fortnight,” the primarily British word that’s also a Taylor Swift song. Merriam-Webster is one of the final few English-language dictionary platforms to release its annual word. Earlier in December, Oxford Dictionary announced that “brain rot” was its word of the year, while Cambridge Dictionary declared “manifest” its lead word for 2024.

Persons: ” Forbes, ” Merriam, Webster, ” Peter Sokolowski, ”, Taylor, “, Jools Lebron Organizations: CNN, Merriam, MSNBC, Associated Press, Oxford, Cambridge Locations: Merriam

The 10-year U.S. Treasury yield edged higher on Monday as investors continued to assess how the latest jobs data could impact the Federal Reserve's interest rate decision next week. The yield on the 10-year Treasury rose around 1 basis point to 4.166%, regaining some ground after losing steam last week. The 2-year Treasury yield was also up 1 basis point at 4.108%. Yields and prices moved inversely to one another, and one basis point equals 0.01%.

Organizations: Treasury

☆ Google says it has cracked a quantum computing challenge with new chip
▼ + stars: | 2024-12-09 | by ( ) edition.cnn.com time to read: +3 min

Google on Monday said that it has overcome a key challenge in quantum computing with a new generation of chip, solving a computing problem in five minutes that would take a classical computer more time than the history of the universe. Like other tech giants such as Microsoft and IBM, Alphabet’s Google is chasing quantum computing because it promises computing speeds far faster than today’s fastest systems. As more qubits are packed onto a chip, those errors can add up to make the chip no better than a conventional computer chip. “We are past the break even point,” Hartmut Neven, who leads the Google Quantum AI unit, said in an interview. Some of Google’s rivals are producing chips with a larger number of qubits than Google, but Google is focused on making the most reliable qubits it can, Anthony Megrant, chief architect for Google Quantum AI, said in an interview.

Persons: ” Hartmut Neven, Anthony Megrant, Megrant, ” Megrant Organizations: Google, Microsoft, IBM, University of California Locations: Santa Barbara , California, Santa Barbara

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