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☆ Read the memo Calendly's CEO sent to employees announcing 70 job cuts
▼ + stars: | 2024-12-12 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +4 min

Calendly laid off around 70 employees in its engineering, customer experience, marketing, and billing teams. BI obtained a copy of CEO Tope Awotona's memo announcing the cuts to staff on Wednesday morning. Calendly previously laid off 60 employees in July 2023 and was valued at $3 billion in 2021. Scheduling platform Calendly laid off around 70 employees — about 13% of its workforce — on Wednesday. This is Awotona's memo sent to employees, shared with BI by two employees:Hi Team I am reaching out this morning to share some difficult news.

Persons: Calendly, Tope, Tope Awotona, Awotona, We've, we've, Jyoti Mann Organizations: Business, Big Tech, Google, Microsoft, Billing, People Team Locations: jyotimann

☆ Biden commutes the sentences of nearly 1,500 people in the largest single-day act of clemency in modern history
▼ + stars: | 2024-12-12 | by ( Tom Porter | ) www.businessinsider.com time to read: +2 min

Biden is commuting the sentences of 1,500 people who were placed in home confinement during the pandemic. Biden will continue to look at clemency petitions in the weeks ahead. In addition, you accept Insider's Terms of Service and Privacy PolicyPresident Joe Biden on Thursday commuted the sentences of nearly 1,500 people and pardoned 39 in the biggest single-day act of clemency in modern history. Barack Obama set the previously single-day record on his last day in office in 2017, after commuting the sentences of 330 inmates. Biden said he would continue to look at clemency petitions in the weeks ahead.

Persons: Biden, Joe Biden, Barack Obama, Donald Trump, Hunter Organizations: Business, Service, Pew Research Center Locations: COVID

☆ Trump’s Kari Lake ‘pick’ sparks fears at Voice of America
▼ + stars: | 2024-12-12 | by ( Brian Stelter | ) edition.cnn.com time to read: +4 min

CNN —Presidents don’t ordinarily pick the director of Voice of America, an international news broadcaster funded by the US government. Voice of America is part of the US Agency for Global Media, which also runs networks like Radio Free Europe/Radio Liberty and Middle East Broadcasting Networks. A bipartisan group called the International Broadcasting Advisory Board now works with the CEO of the U.S. Agency of Global Media. That’s why, by announcing Lake, Trump is “putting the cart before the horse,” a veteran of the agency told CNN. The board just celebrated the swearing-in of a new VOA director, Michael Abramowitz, a few months ago.

Persons: don’t, Donald Trump, Kari Lake, “, Kari, We’re, Michael Pack, Pack, Michael Abramowitz, Abramowitz, ” Trump, Lake –, Trump, Kenneth Jarin, ” Organizations: CNN, of America, Trump’s, America, VOA, ”, US Agency for Global Media, Radio Free, Radio Liberty, Middle East Broadcasting Networks, Senate, Trump loyalists, White House, Trump, International Broadcasting Advisory, U.S . Agency of Global Media, Washington Post, Freedom, Liberty, Fake News Media, Trump’s State Department, Biden Locations: Radio Free Europe, Arizona

☆ Metropolitan Museum of Art reveals design for new $550-million wing
▼ + stars: | 2024-12-12 | by ( Benjamin Sutton | ) edition.cnn.com time to read: +4 min

Editor’s Note: This article was originally published by The Art Newspaper, an editorial partner of CNN Style. CNN —The Metropolitan Museum of Art in New York released the first renderings of its revamped wing for modern and contemporary art, a $550-million project spanning around 126,000 square feet and designed by Frida Escobedo, the first female architect to design a wing in the museum’s 154-year history. “The wing will comprise a three-story base supporting recessed fourth and fifth floors,” a representative for Escobedo’s studio said in a statement. The museum is in the final stages of a $70-million upgrade of its Michael C. Rockefeller Wing, which houses African, ancient American and Oceanic art galleries. In addition, the Met recently completed both a rehang of its American Wing to mark its centennial and a new interactive learning center.

Persons: Frida Escobedo, Tang, H.M, Agnes Hsu, —, Frida Escobedo’s, ” Max Hollein, Filippo Bolognese, “, Beyer, Belle, Nelson Byrd, Kohler Ronan, Thornton Tomasetti, Jordan Casteel, ”, Michael C Organizations: The Art, CNN, Metropolitan Museum of Art, Met, Belle Architects & Planners, Nelson Byrd Woltz Landscape Architects, Building, Tang, Rockefeller, Costume Institute Locations: New York, Eastern, Park, New York City, ”

☆ Donald Trump and Bernie Sanders Want to Save You Money on Credit Cards
▼ + stars: | 2024-12-12 | by ( Emily Stewart | ) www.businessinsider.com time to read: +15 min

Sky-high credit-card interest rates are not popular. "He said, you know what, credit-card interest rates, which in some cases right now are 20, 25%, should not be higher than 10%. The average credit-card interest rate for new card offers is 24.43%, according to LendingTree — up about 10 percentage points from a decade ago. "Obviously, the interest rates have to respond to changing market conditions, and we've definitely seen that happen. A rate cap isn't the only solution to America's ballooning credit-card-debt problem and just how expensive it is to carry debt.

Persons: everyone's, Donald Trump, Sen, Bernie Sanders, Trump, Sanders, Elizabeth Warren, Matt Schulz, LendingTree, we've, Julie Margetta Morgan, Margetta Morgan, Schulz, Chi Chi Wu, Elon Musk, Wu, Banks, it's, Natasha, Janet Yellen, Aaron Klein, Barack Obama, Klein, Alexandria Ocasio, Cortez, they're, Warren, Carter Dougherty, Emily Stewart Organizations: White, Business, Politico, American Bankers Association, LendingTree, Consumer Financial, Federal Reserve Bank of New, Trump, Chi, National Consumer Law Center, Yale, Washington, Brookings Institution, Department, Treasury, Consumer, Financial Reform, Republicans Locations: Federal Reserve Bank of New York, Alexandria, Washington

☆ Trump's pick to lead the FTC says he wants to battle Big Tech over free speech
▼ + stars: | 2024-12-12 | by ( Alice Tecotzky | ) www.businessinsider.com time to read: +4 min

Ferguson will likely be friendlier to mergers than the current chair, but keep targeting Big Tech. AdvertisementThe effort was apparently successful, as Trump announced on Tuesday evening that the 38-year-old lawyer will lead the FTC. Yet the current and future FTC leaders share a commitment to going after Big Tech, though come at the issue from different angles. "Andrew has a proven record of standing up to Big Tech censorship, and protecting Freedom of Speech in our Great Country," Trump said in a post on Truth Social announcing his selection. Ferguson thanked Trump with his own post on X, vowing to "end Big Tech's vendetta against competition and free speech."

Persons: Trump, Andrew Ferguson, Ferguson, He's, Donald Trump, Lina Khan's, Khan, Andrew, Mark Meador, Meador, Clarence Thomas, Mitch McConnell, Paring, he's, Kitty Hawk, Ferguson doesn't Organizations: Republican, Big Tech, Federal Trade Commission, Trump, Truth Social, FTC, University of Virginia, Supreme Court, Elon Musk's, Punchbowl, Vivek Ramaswamy's Department, Government, Federal Aviation Act, Amazon, Meta, Kroger, Albertsons, Truth

☆ New York City renters are expected to soon save an average of $5,000 on apartments that used to have hefty move-in fees
▼ + stars: | 2024-12-12 | by ( Eliza Relman | Juliana Kaplan | ) www.businessinsider.com time to read: +4 min

The New York City Council passed the FARE Act, shifting broker fees from renters to landlords. AdvertisementThe New York City Council passed a law in November — the Fairness in Apartment Rental Expenses (FARE) Act — shifting the burden of real estate broker fees from renters to landlords. "People with smaller budgets have to compete really fiercely for more affordable homes, but with broker fees," Lee said. Related storiesThe expected impact of the lawStreetEasy expects the FARE Act to enable many more renters to move and create more transparency when they sign a lease. The FARE Act passed the city council with the support of 42 of its 51 members, giving it a veto-proof majority.

Persons: StreetEasy, it's, Kenny Lee, Lee, Eric Adams, Adams Organizations: New, New York City Council, York City Council, Apple, New York City, New York Department of State, Real, Board, erelman Locations: New York, York, New York City, StreetEasy

☆ 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

☆ Selena Gomez is engaged to record producer Benny Blanco
▼ + stars: | 2024-12-12 | by ( Dalia Faheid | ) edition.cnn.com time to read: +2 min

CNN —Pop star and “Only Murders in the Building” actress Selena Gomez is engaged to record producer and songwriter Benny Blanco. Gomez revealed the news Wednesday on Instagram, writing: “forever begins now,” showcasing a close-up photo of her diamond ring along with a picnic setup and smiling photos of her and Blanco. Selena Gomez announced her engagement on Instagram Wednesday night. Gomez, 32, and Blanco, 36, went public with their relationship about a year ago. Blanco has co-written chart-toppers for industry giants like Rihanna, Katy Perry, Maroon 5 and Britney Spears.

Persons: Selena Gomez, Benny Blanco, Gomez, “, Blanco, ” Blanco, Taylor Swift, Jennifer Aniston, Gwyneth Paltrow, Cardi, Lil Nas X, Julia Michaels, ” Swift, ” Aniston, ” Gomez, Blanco gushed, Drew Barrymore, ”, “ She’s, ’ ” Gomez, Emilia Pérez, Katy Perry, Britney Spears, Gomez –, CNN’s Amanda Jackson Organizations: CNN, Instagram, Disney, Golden Globe, Hulu, Netflix, Bloomberg Locations: Blanco, United States

☆ IPO investors are hopeful about 2025 after last major offering of this year prices on a high note
▼ + stars: | 2024-12-12 | by ( Bob Pisani | ) www.cnbc.com time to read: +6 min

The last major IPO of the year has priced on an up note , and IPO investors are hopeful it will mark the end of three painful years of sub-par IPO raises. IPOs in 2024: A few winners, but mostly forgettable For most investors, 2024 has been a great year. IPO investors, however, have less to cheer about. IPO YTD mountain Renaissance IPO ETF Of those that did go public in 2024, there were a small number of standouts. Winners included social media platform Reddit , AI and cloud infrastructure firm Astera Labs , cloud data management firm Rubrik , financial management software firm OneStream , and healthcare payments software firm Waystar .

Persons: Greg Martin, hasn't, Martin, Matt Kennedy, Del, Kennedy, Rainmaker's Martin Organizations: Nasdaq, Rainmaker Securities, CNBC, IPOs, Renaissance Capital, Tech, Astera Labs, UL, Ingram, SpaceX, Reddit, Epic Locations: landscapers, Del Monte

☆ Russia could soon launch a second strike with the experimental missile it says can't be intercepted: Pentagon
▼ + stars: | 2024-12-12 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

Russia may launch a second Oreshnik missile strike on Ukraine in the next few days, the Pentagon said. Moscow says the Oreshnik missile, first used in November, is impossible for US defenses to intercept. Moscow could launch a second strike on Ukraine with its experimental Oreshnik missile in the next few days, the Pentagon said on Wednesday. Advertisement"Putin has said publicly that Russia intends to launch another experimental Oreshnik missile," said Sabrina Singh, the deputy press secretary for the Pentagon, at a press briefing. Russia has used its new Oreshnik missile in Ukraine.

Persons: it's, Putin, Sabrina Singh, Singh, Vladimir Putin Organizations: Pentagon, Kremlin, Anadolu, Getty, Analysts Locations: Russia, Ukraine, Moscow, Europe, —, Dnipro —, Dnipro

☆ Oil little changed as demand weakness offsets sanctions-driven supply risks
▼ + stars: | 2024-12-12 | by ( ) www.cnbc.com time to read: +2 min

Oil prices were little changed in early Asian trade on Thursday as forecasts of weak demand and a higher-than-expected rise in U.S. gasoline and distillate inventories stemmed gains from an additional round of European Union sanctions that threatened Russian oil flows. OPEC cut its demand growth forecasts for 2025 for the fifth straight month on Wednesday and by the largest amount yet. Weak demand, particularly in top importer China, and non-OPEC+ supply growth were two factors behind the move. However, investors anticipate a rise in Chinese demand, after Beijing unveiled plans this week to adopt an "appropriately loose" monetary policy in 2025, which could spur oil demand. The Kremlin said that reports of a possible tightening of U.S. sanctions on Russian oil suggested the administration of President Joe Biden wants to leave a difficult legacy for U.S.-Russia relations.

Persons: Joe Biden, Janet Yellen Organizations: Montebello Oil, Union, . West Texas, OPEC, ANZ, Energy Information Administration, China, U.S . Federal Reserve, European Union, Ukraine Locations: Montebello, Montebello , California, United States, OPEC, Beijing, Russia

☆ Kylian Mbappé: Investigation into rape allegations closed due to insufficient evidence, says prosecutor
▼ + stars: | 2024-12-12 | by ( Ben Church | ) edition.cnn.com time to read: +2 min

CNN —An investigation into rape allegations made against France and Real Madrid star Kylian Mbappé has been dropped due to insufficient evidence, Swedish prosecutors said Thursday. On Thursday, the Swedish Prosecution Authority released a statement confirming the investigation was now closed, without naming any individuals involved. “During the course of the investigation, there has been a designated person suspected on reasonable grounds of rape and two cases of sexual assault, but my assessment is that the evidence is not sufficient to proceed, and the investigation is therefore closed,” the prosecutors’ statement said. The French superstar has always firmly denied the allegations, calling it “FAKE NEWS” in a post on X, formerly known as Twitter, in October. Despite scoring nine league goals this season, he hasn’t produced the performances many expected he would.

Persons: Kylian Mbappé, –, Mbappé, “, ”, ” Mbappé, Germain, hasn’t Organizations: CNN, France, Real Madrid, SVT, Swedish Prosecution Authority, Paris Saint, Liverpool, Athletic Bilbao, League, Atalanta Locations: Stockholm, Paris, Los

☆ Investors were already wary of Korean stocks. Then the country descended into chaos
▼ + stars: | 2024-12-12 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +2 min

South Korean markets have had a dismal 2024, with the so-called "Korea discount" in its stock markets widening compared to other global peers. The "Korea discount" refers to South Korean securities trading at lower valuations relative to regional peers due to investors' concerns over issues such as corporate governance at large family-owned conglomerates that have an outsized influence over the country's economy. Both the metrics, which indicate how much the investors value the index, have declined from a year earlier. For comparison, Japan's Nikkei 225 stock benchmark has a price-to-book ratio of 1.44 while its price-to-earnings ratio stands at 15.90 as of Dec. 11. While Japan stocks surged as it implemented measures to lift its markets, South Korea has been struggling.

Persons: Yoon Suk, Vishnu Varathan, Yoon Organizations: Korea Exchange, South, Mizuho Securities, Nikkei Locations: Korea, Asia, Seoul, South Korea, Japan

☆ 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

☆ I moved from Idaho to Dubai with 3 teenagers. It was challenging as a single mom, but it was worth it.
▼ + stars: | 2024-12-12 | by ( Erin Liam | ) www.businessinsider.com time to read: +5 min

In May 2023, Jennifer Kusch relocated to Dubai for a job opportunity. Kusch moved from Idaho to Dubai with her kids in 2023. They also covered the flights and most of my kids' school fees. AdvertisementThis has all contributed to why they now love Dubai. At this point, however, I love Dubai and our quality of life here.

Persons: Jennifer Kusch, Kusch, Dr, Seuss, We're, Am, I'm, Dubai Organizations: Warner Bros Locations: Dubai, Idaho, Texas, Abu Dhabi

CD rates have been going down throughout 2024, but some local institutions still offer good rates. California Coast Credit Union offers a startling 9.50% APY on its 95th anniversary Celebration CD. In comparison, even the best CDs available nationwide mostly offer CD rates in the high 4% to 5% APY range. If you're interested in opening a CD with this credit union, you'll want to act fast since CD rates are likely to decline further in 2025. Most of these are short-term CDs since short-term CD rates are currently outperforming long-term CD rates.

Persons: it's, you'll, You'll, We've Organizations: California Coast Credit Union, Business, Service, California Coast Credit, Imperial, Social, U.S . Locations: California, San Diego, Riverside, Orange, Los Angeles, Ventura, San Bernardino

☆ 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

☆ Stocks making the biggest moves premarket: Uber, Celsius Holdings, Adobe, Chewy and more
▼ + stars: | 2024-12-12 | by ( Pia Singh | In | ) www.cnbc.com time to read: +2 min

Constellation Energy — The energy stock added 2% following an upgrade to buy from neutral at Bank of America. Uber — Shares of the ridesharing company climbed more than 3%, rebounding from losses earlier in the week. Adobe anticipates revenues between $5.63 billion and $5.68 billion, versus the LSEG consensus estimate of $5.73 billion. Analysts polled by FactSet expected it to earn 9 cents per share on $316.8 million in revenue. Chewy — The pet goods retailer's shares fell about 3% in premarket trading after it announced a public offering of $500 million shares, which are being sold by Buddy Chester Sub.

Persons: Ross Fowler, Steve Powers, Keurig Dr Pepper, Tommy Bahama, FactSet, Buddy Chester Sub, Buddy Chester, —, Lisa Kailai Han, Jesse Pound, Yun Li, Michelle Fox Organizations: Constellation Energy, Bank of America, JPMorgan, General Motors, Uber . Beverage, — Deutsche Bank, Cola, PepsiCo, Keurig, Adobe, Oxford Industries —

☆ I'm a millennial CPA. The field of accounting isn't dying — it's a fast-track to a happy upper-middle-class life.
▼ + stars: | 2024-12-12 | by ( Robin Madell | ) www.businessinsider.com time to read: +6 min

Some people say that "accounting isn't sexy" and that it's hard to get people to become accountants. AdvertisementDuring my sophomore and junior years, I interned with a tax firm and a CPA firm doing bookkeeping and tax work. I joined a national firm doing tax work in 2018. AdvertisementLater that year, I job-hopped to another local CPA firm and worked in a client-facing position doing tax and accounting work. Fixing the culture at some accounting firms and modernizing pay incentives would go a long way toward changing the profession's image.

Persons: Nicholas Larson, Nicholas M, Larson, —, who've, it's, haven't, I'm, Jane Zhang Organizations: Accounting, IRS, CPA Locations: Fort Worth , Texas, Oklahoma City, Oklahoma, Texas

☆ Overdraft fees crackdown: Biden administration sets new rules for banks
▼ + stars: | 2024-12-12 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —The Consumer Financial Protection Bureau has finalized a rule that curbs excessive overdraft fees charged to customers of large banks and credit unions, potentially saving consumers as much as $5 billion a year. The rule, unveiled Thursday, would cap overdraft fees at $5 — a substantial savings from the $35 that customers are typically charged. Additional options for banks would allow them to either cap fees at amounts that just cover their costs or to treat an overdraft like any other loan by disclosing terms like interest rates. “That is real relief for families.”Banking trade groups are against the new rule, saying that the agency’s proposed rule could backfire. Congress created the bureau in 2010 to protect consumers from financial scams.

Persons: ” Rohit Chopra, ”, Lael Brainard, Joe Biden’s, there’s, Trump Organizations: New, New York CNN, Consumer Financial, National Economic Council, Banking, Consumer Bankers Association, Court Locations: New York

☆ Private credit firms are hot acquisition targets. As M&A ramps up next year, here are the firms likely to be bought.
▼ + stars: | 2024-12-12 | by ( Michelle Abrego | Hayley Cuccinello | ) www.businessinsider.com time to read: +4 min

Private credit firms with $30 billion to $70 billion in assets will be the firms to watch. And it's not just the traditional money managers, private equity firms are also using acquisitions to strengthen their private credit capabilities and market presence. McGahan said private credit firms with between $30 billion and $70 billion in assets under management will be the ones to watch. If you're a private equity manager, you're paid with carried interest, or a percentage of profits generated from the firm's investments. He added there are also operational differences and gave the example of a private credit firm using treasury functions daily versus a private equity firm that uses a couple times a month.

Persons: Greg McGahan, PwC, McGahan, Martin Small, Larry Fink, Rob Kapito, Small, You've, you've Organizations: Business, BlackRock, HPS Investment Partners, Goldman Sachs Locations: New York

☆ Dollar holds steady despite rate cut bets; Aussie rises after jobs data
▼ + stars: | 2024-12-12 | by ( ) www.cnbc.com time to read: +3 min

The Aussie dollar surged after Australian employment beat forecasts, while the euro held steady ahead of the European Central Bank's (ECB) monetary policy decision later in the day. Markets have further trimmed back expectations for a December rate hike from the Bank of Japan after Bloomberg news reported Japan's central bank sees "little cost" to waiting. The Politburo on Monday vowed to switch to an "appropriately loose" monetary policy to spur economic growth. The Swiss franc traded at 0.88315 per dollar, with markets weighing the prospect of a half-point rate cut on Thursday from the Swiss National Bank. The dollar last fetched C$1.41435 after the Bank of Canada slashed its key policy rate by 50 basis points to 3.25% on Wednesday to help address slower growth.

Persons: Carol Kong, Traders, Sterling Organizations: U.S ., Treasury, U.S . Federal, Aussie, European, Bank's, Treasury Department, Fed, Commonwealth Bank of Australia, Bank of Japan, Bloomberg, Economic Work, Reuters, Swiss, Swiss National Bank, Bank of Canada Locations: U.S, China's, China

☆ David Letterman, 77, says 'retirement is a myth'
▼ + stars: | 2024-12-12 | by ( Erin Liam | ) www.businessinsider.com time to read: +3 min

David Letterman recently opened up about his thoughts on retirement. Letterman, 77, holds the record as the longest-running late-night talk show host in the US. Advertisement"Retirement is a myth," the former late-night host said in an interview with GQ, published on Wednesday. The human mechanism will not allow you to retire," Letterman, 77, continued. AdvertisementIn response to the interviewer's point that people do retire, Letterman said, "But what do they do?

Persons: David Letterman, Letterman, David Letterman isn't, Judy, I'm, Jim Carrey, Dee Cascio, it's Organizations: GQ, Netflix, Associated Press, Research Institute, Business, BI Locations: Sterling , Virginia

BEIJING, CHINA - NOVEMBER 9: Chinese President Xi Jinping attends a meeting with Indonesian President Prabowo Subianto (not pictured) at the Great Hall of the People on November 9, 2024 in Beijing, China. China affirmed its recent policy shifts and stressed plans to boost growth in a high-level economic planning meeting that wrapped up Thursday, according to a daily evening news broadcast on state-run CCTV. It added that the meeting also affirmed plans for China to moderately loosen monetary policy. That readout's use of "moderately loose" monetary policy had not appeared since the depths of the global financial crisis in 2008. China typically announces the full-year growth target and fiscal deficit at an annual parliamentary meeting in March.

Persons: Xi Jinping, Prabowo Subianto, Donald Trump Organizations: of, Communist Party, U.S, House, Xinhua, National People's Congress Locations: BEIJING, CHINA, Beijing, China

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