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☆ Markets are getting more comfortable again with the idea of a December rate cut
▼ + stars: | 2024-12-02 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

Wall Street's fickle pendulum when it comes to the Federal Reserve has swung more decisively toward expectations for a December rate cut. It's going to depend on the inflation data. However, he noted that if inflation data continues to show signs of "stalling," he will "be supportive of holding the policy rate constant." The Fed currently targets its benchmark overnight borrowing rate in a range between 4.5% and 4.75%. That follows cuts in September and November that took the fed funds rate down by three-quarters of a percentage point altogether.

Persons: Donald Trump's, Aditya Bhave, they'll, Christopher Waller, bank's, Waller Organizations: Federal Reserve, Federal, Bank of America, Fed

☆ Goldman recommends these three steel stocks on Trump's potential favorable trade policies
▼ + stars: | 2024-12-02 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

President-elect Donald Trump's trade policies could spell good news for the U.S. steel industry, according to Goldman Sachs. Heading into next year, analyst Mike Harris initiated coverage on steel producers Nucor , Commercial Metals Company and Cleveland-Cliffs with buy ratings. For Cleveland-Cliffs, he anticipates about 3% annual volume growth and 1% annual pricing growth, seeing a 47% compound annual growth rate over the next two years. While shares of Nucor were flat in the premarket following the move, Commercial Metals and Cleveland-Cliffs were around 1% higher. This year, Commercial Metals has been solidly in the green, with shares rising more than 23% year to date.

Persons: Donald Trump's, Goldman Sachs, Mike Harris, Trump, Harris Organizations: Commercial Metals Company, Metals, Commercial Metals Locations: Cleveland, U.S, Canada, Mexico, China, Russia, Brazil, India, Nucor

We've compiled the best Secretlab Cyber Monday deals below, including some favorites we've tested and loved. The best Cyber Monday Secretlab dealsSecretlab Titan Evo $519.00 $549.00 Save 5% The Secretlab Titan Evo excels in every field, offering durability, style, adjustability, and supreme comfort. View at Secretlab What we like Check mark icon A check mark. Exceptional build qualityCheck mark icon A check mark. View at Secretlab What we like Check mark icon A check mark.

Persons: Magnus, Secretlab, Monster Hunter, We've, we've, Secretlab Magnus, Magnus Pro, Secretlab's Magnus, Overwatch Organizations: Business, Evo, XIV, of, Secretlab, Evo Lite, Titan, Neue

View at Saatva What we like Check mark icon A check mark. Zoned supportCheck mark icon A check mark. Great heat dissipationCheck mark icon A check mark. Good bounceCheck mark icon A check mark. Our favorite Saatva mattress is the Saatva Classic, which is available in three firmness options and features lumbar support.

Persons: we've, Long, Saatva Organizations: Business, Saatva Locations: Saatva, Copenhagen, Sydney, Amalfi

View at Amazon What we like Check mark icon A check mark. Same performance as the pricier PS5 with disc driveCheck mark icon A check mark. View at Amazon What we like Check mark icon A check mark. Includes disc drive to play physical game copies and 4K Blu-raysCheck mark icon A check mark. Sony also sells a PS5 disc drive add-on for $80 (though its currently out of stock), which lets you attach a disc drive to the slim version of the PS5 Digital Edition.

Persons: we've, You've Organizations: Business, Madden, Sony, PlayStation

The best Cyber Monday cashmere sales are hosted by brands featured in our guides to the best cashmere sweaters, so it's the ideal to time to save. If you only buy one cashmere sweater today, I firstly recommend Naadam, which currently has 60% off select styles. And if you're feeling generous while perusing these deals and think of others on your holiday shopping list, check out our guide to the best Cyber Monday deals overall. The best Cyber Monday cashmere dealsEverlane The Square Neck in Cashmere $101.00 $168.00 Save 40% This slim-fitting, slightly cropped sweater is made from recycled cashmere. Check out our roundup of all of the best Cyber Monday deals.

Persons: Sally Kaplan Organizations: Business Locations: J.Crew, Cashmere, Quince

☆ GM to sell stake in battery cell plant to joint venture partner for roughly $1 billion
▼ + stars: | 2024-12-02 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

General Motors revealed its all-new modular platform and battery system, Ultium, on March 4, 2020 at its Tech Center campus in Warren, Michigan. DETROIT — General Motors plans to sell its stake in a $2.6 billion electric vehicle battery cell plant in Michigan to its joint venture partner LG Energy Solution, the automaker announced Monday. The nearly completed, 2.8 million-square-foot plant in Lansing, Michigan, was expected to be the third battery cell facility of the joint venture, known as Ultium Cells LLC, following plants in Ohio and Tennessee that have already opened and are operational. The Lansing plant was announced in January 2022, and the two companies first announced their joint venture five years ago. The automaker said the sale does not impact its overall ownership stake in the joint venture or its future plans for a separate joint venture plant with LGES rival Samsung SDI.

Persons: Detroit carmaker, Donald Trump Organizations: Motors, Tech Center, DETROIT —, LG Energy, Detroit, GM, Ultium Cells, Samsung SDI Locations: Warren , Michigan, DETROIT, Michigan, Lansing , Michigan, Ohio, Tennessee, Lansing, U.S

Learn moreThis article was created in partnership with Blue Nile. Among the best Cyber Monday jewelry sales, Blue Nile discounted a variety of jewelry across all categories by 50%. Below, we've rounded up 10 of the best Blue Nile deals. Top 3 Cyber Monday Blue Nile deals These classic Diamond Stud Earrings are half-offA pair of timeless 14K yellow gold Medium Hoop Earrings are 50% offThe ultra-popular Two-Toned Pavé Huggies are 50% offThe best Cyber Monday Blue Nile dealsCyber Monday Blue Nile FAQsWhen does the sale start and end? With over 2,000 pieces of jewelry on sale for half off, this Cyber Monday sale is one of the best deals you'll find at Blue Nile all year.

Persons: Blue Nile Organizations: Business, Blue, Nile Locations: Blue

☆ Webb telescope offers an unexpected view of the Sombrero galaxy
▼ + stars: | 2024-12-02 | by ( Ashley Strickland | ) edition.cnn.com time to read: +4 min

CNN —The James Webb Space Telescope has captured a surprising new view of a long-studied galactic neighbor, the Sombrero galaxy, revealing a perspective that looks quite different from the wide-brimmed Mexican hat for which it was named. Hubble: Messier 104, The Sombrero Galaxy Looking like a broad-brimmed Mexican hat, the “Sombrero” galaxy, M104, is a spiral galaxy seen nearly edge-on. NASA/ESA/CSA/STScI The Sombrero Galaxy is imaged in visible light by the Hubble Space Telescope, left, and in mid-infrared light by the James Webb Space Telescope’s MIRI (Mid-Infrared Instrument). But the Sombrero galaxy is quiet in terms of star formation compared with other galaxies such as Messier 82. The Webb telescope, launched in December 2021, will begin its fourth year of observing the universe in July.

Persons: James Webb, Pierre Méchain, Méchain, Charles Messier, NASA’s, Webb Organizations: CNN, Telescope, Hubble, Spitzer, NASA, Hubble Heritage, James Webb Space Telescope, micron, ESA, CSA, Way Locations: MIRI

☆ Remembering Wall Street legend Art Cashin
▼ + stars: | 2024-12-02 | 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 EmailRemembering Wall Street legend Art CashinCNBC's Bob Pisani looks back on the life and legacy of Wall Street legend Art Cashin.

Persons: Cashin, Bob Pisani

☆ Here are Monday's biggest analyst calls: Nvidia, Apple, Tesla, Gap, Block, Marvell, Okta, Netflix, Dell & more
▼ + stars: | 2024-12-02 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Cantor Fitzgerald reiterates Marvell & Nvidia as top picks Cantor says both stocks remain top picks ahead of Marvell earnings on Tuesday. Goldman Sachs initiates Venom Energy as buy Goldman says it sees "strong shareholder returns" for the energy company. Goldman Sachs downgrades Toast to neutral from buy Goldman says the thesis has played out for the restaurant tech company. Goldman Sachs initiates Ero Copper as buy Goldman says the copper company has a "unique growth profile." Roth MKM upgrades Tesla to buy from neutral Roth said in its upgrade of Tesla that the "world has changed."

Persons: Cantor Fitzgerald, Cantor, it's bullish, Morgan Stanley, Goldman Sachs, Goldman, Stifel, Tesla, Bernstein, Block, Dana, AAPL, Stryker, We'd, Wells, Roth, Dell Organizations: Netflix, Marvell, Nvidia, MU, UBS, Caci International, DHS, AutoDesk, Autodesk, Architective, NET, Energy, Viper Energy, JPMorgan, Air Lease, Burlington, Barclays, NextEra Energy Partners, KT, Deutsche Bank, DELL Locations: France, Germany, AVGO, Cleveland, TOST, Burlington

☆ Bernie Ecclestone: Former F1 supremo to sell car collection worth ‘hundreds of millions’
▼ + stars: | 2024-12-02 | by ( Jamie Barton | ) edition.cnn.com time to read: +2 min

CNN —Former Formula One boss Bernie Ecclestone has announced he will sell his entire car collection, estimated to be worth “hundreds of millions” of dollars. The collection, which is made up of 69 cars, includes world championship-winning Ferraris raced by the likes of Michael Schumacher and Niki Lauda. Bernie Ecclestone and Tom Hartley Jr. stand with Ecclestone's car collection. Ecclestone has entrusted Hartley Jr with selling the collection. Tom Hartley Jnr/PAEcclestone tried his hand at racing in the 1950s, before becoming a driver manager for Stuart Lewis-Evans and Jochen Rindt, both of whom were tragically killed while competing.

Persons: Bernie Ecclestone, Ferraris, Michael Schumacher, Niki Lauda, Alberto Ascari’s, Brabham BT46B, Tom Hartley Jr, Tom Hartley, Ecclestone, “, ”, Hartley, Hartley Jr, Stuart Lewis, Evans, Jochen Rindt, Lauda, Nelson Piquet Organizations: CNN, Formula, Brabham, F1 supremo, HM Revenue, Customs, BBC, Brabham F1 Team, Formula One, One Promoters Association, One, Liberty Media Locations: Singapore

☆ An Oracle product manager got 2 promotions, a move to the US, and a $56,000 raise — all in 7 years. Here's how.
▼ + stars: | 2024-12-02 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +5 min

Vaidya advanced from associate software engineer to AI product manager in seven years. As a software engineer, she was keen to be part of Silicon Valley's innovations. Associate software engineerShe began her post-college career as an associate software engineer at Oracle's office in Hyderabad, India. One of the first things Vaidya did was gauge what her entire team wanted from her, instead of focusing only on her supervisor. Her job was critical to releasing a product, so the company offered her a product management role in the US instead.

Persons: Ketaki Vaidya, Vaidya, Oracle Organizations: Oracle, LinkedIn Locations: India, Hyderabad, California, Seattle, Redwood City , California

Learn moreFor many, New Balance is synonymous with dad shoes. Below are some popular styles on sale, plus tips on where to find all the best Cyber Monday New Balance deals. For more of today's top discounts, check out our guide to the best Cyber Monday deals. The best Cyber Monday New Balance dealsNew Balance 1906R - Men's $99.99 $155.00 Save 35% Dad shoes are on-trend and it doesn't get more "dad shoe" than the 1906Rs. Check out our roundup of all of the best Cyber Monday deals .

Persons: it's, Taylor Swift Organizations: Business

☆ U.S. proposes a $7.54 billion loan to Stellantis and Samsung SDI battery joint venture
▼ + stars: | 2024-12-02 | by ( ) www.cnbc.com time to read: 1 min

The US Department of Energy building is seen in Washington, DC, on July 22, 2019. The U.S. Energy Department said Monday it is proposing to loan up to $7.54 billion to a joint venture of automaker Stellantis and Samsung SDI to help build two electric vehicle lithium-ion battery plants in Indiana. The conditional commitment award must still be finalized and includes $6.85 billion in principal and $688 million in capitalized interest for the StarPlus Energy joint venture. The venture will build batteries for Stellantis electric vehicles and at full capacity will produce about 67 GWh of batteries, enough to supply approximately 670,000 vehicles annually, the Energy Department said. Please check back for updates.

Organizations: US Department of Energy, U.S . Energy Department, Stellantis, Samsung SDI, StarPlus Energy, Energy Department Locations: Washington ,, Indiana

☆ Margot Robbie thought she’d ‘go to jail’ for slapping Leonardo DiCaprio during ‘Wolf of Wall Street’ audition
▼ + stars: | 2024-12-02 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +2 min

CNN —Margot Robbie made a creative decision to slap Leonardo DiCaprio during her “Wolf of Wall Street” audition instead of kissing him, according to the “Barbie” star. Luckily, Robbie said, DiCaprio and the film’s director Martin Scorsese loved it and she walked out of that audition not only to eventually land the role, but shackle-free. “It was not in the script,” Robbie said of the slap, referring to the “throwing the water in the face” scene that she was reading with DiCaprio during her audition. Needless to say, Robbie never went to jail for slapping DiCaprio. Instead, she went on to have a still-thriving career in Hollywood as an Oscar-nominated actor and producer.

Persons: Margot Robbie, Leonardo DiCaprio, Wolf, Barbie, Robbie, DiCaprio, Martin Scorsese, ” Robbie, they’d, “, Scorsese, “ you’re, DiCaprio’s Organizations: CNN Locations: “ The, Hollywood

Nike's popular sneakers and iconic Swoosh logo have left a huge mark on the world of sports and fashion, and the company remains as popular as ever 60 years after its founding. If you're looking for more savings on other products, check out our full guide to the best Cyber Monday deals across all categories. The best Cyber Monday Nike sneakers dealsSneakers are the primary category on sale during Nike's Cyber Monday sale. You'll find popular models like the Nike Air Max 90, Nike Dunk, and Air Jordan 1 marked down with deep discounts. Nike Air Jordan 1 Mid $65.78 $125.00 Save 47% It’s hard to think of a more legendary sneaker than Air Jordans.

Persons: You'll Organizations: Business, company's Air Force, Nike, Nike Air Max, Air, Nike Air Jordan, Jordans, Nike Nike Killshot, Nike Nike, Nike Club Fleece, Nike Cyber Locations: Olive, hoodies

☆ Middle Manager Hiring Has Plunged, and Those Jobs May Never Come Back
▼ + stars: | 2024-12-02 | by ( Aki Ito | ) www.businessinsider.com time to read: +9 min

But here's the thing: It's not just that tens of thousands of middle managers have lost their jobs. But hiring had plunged by 43% for middle managers and 57% for senior leaders. But it's unclear whether getting rid of middle managers actually made companies run more efficiently. But study after study found that when middle managers do their jobs right, they bolster performance more than either top executives or ground-level employees. Companies are already discovering that having few middle managers is placing an enormous strain on their operations.

Persons: they've, Mark Zuckerberg, Andy Jassy, Elon Musk, —, we've, I've, What's, they'd, They're, Rick, I'm, Zuckerberg, There's, they're, Zers, Aki Ito Organizations: Citi, Amazon, Revelio Labs, Supervisors, Data Technologies, Business Locations: Domino's

☆ Seoul's $322 million gambit to save the city from crushing loneliness won't fix the source of its problems
▼ + stars: | 2024-12-02 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +7 min

The city glitters, but there's a reason the locals call South Korea "Hell Joseon." Lonely deaths in South Korea increased from 3,378 in 2021 to 3,661 in 2023, per the South Korean Ministry of Health and Welfare's data. "'Seoul Without Loneliness' is a bold challenge for the city and not an easy path to take," the representative said. In 2023, South Korea recorded a suicide rate of 27.3 out of 100,000 people, the highest rate among OECD countries like the US, UK, and Japan. Kee Hong Choi, a psychology professor at Korea University, said that his country's education system needs to be "changed dramatically" to become less competitive.

Persons: hoon, Family, it's, Eva Chen, Chen, Kee Hong Choi, Choi, Sohyun Kim, Kim, Korea University's Choi, Hua University's Chen Organizations: Korea Institute for Health, Social Affairs, South Korean Ministry of Health, Korean, Business, Seoul Metropolitan Government, country's Ministry, National University of Singapore, Tsing Hua University, South Korea's National Statistics Office, Korea University, Hua Locations: Seoul, South Korea, Korea, South, Japan, That's

☆ 'Misconception' that tariffs are bad for ports business: ICTSI
▼ + stars: | 2024-12-02 | 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 Email'Misconception' that tariffs are bad for ports business: ICTSIEnrique Razon, Chairman and President of International Container Terminal Services (ICTSI), elaborates on how he expects business will be affected by President-elect Trump's tariffs.

Persons: ICTSI Enrique Razon Organizations: International Container Terminal Services

☆ Delaware judge strikes down Elon Musk's Tesla pay package for 2nd time
▼ + stars: | 2024-12-02 | by ( Grace Kay | Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +4 min

AdvertisementA Delaware judge decided against reinstating Elon Musk's more than $55 billion pay package. Tesla shareholders approved Musk's pay package in June, after a judge voided it in January. A Delaware judge has once again slapped down Elon Musk's pay package from Tesla. A Delaware judge just overruled a supermajority of shareholders who own Tesla and who voted twice to pay @elonmusk what he’s worth. This ruling, if not overturned, means that judges and plaintiffs’ lawyers run Delaware… — Tesla (@Tesla) December 2, 2024Tesla investors voted to approve Musk's pay package for the second time in June.

Persons: Elon Musk's, Tesla, Kathaleen St, J, McCormick, Musk, weren't, Richard Tornetta — Organizations: Elon, Tesla, Delaware, Business, Bloomberg Locations: Delaware

View at Cuyana What we like Check mark icon A check mark. Fits a laptopCheck mark icon A check mark. View at Cuyana What we like Check mark icon A check mark. Chic, durable, flexible but not floppyCheck mark icon A check mark. Can fit a huge amount of stuffCheck mark icon A check mark.

Persons: Cuyana, we've Organizations: Business, tote, Tote

The DreamCloud Premier Hybrid, which previously held the crown in our best mattress guide, truly excels in all the crucial areas. Read our full DreamCloud Premier Mattress review for more details. View at DreamCloud What we like Check mark icon A check mark. View at DreamCloudCyber Monday DreamCloud FAQsWhich DreamCloud mattress should I choose? Read our full DreamCloud Premier Mattress review.

Persons: DreamCloud Organizations: Business

☆ Georgia is being rocked by days of violent protests. Here’s what you need to know
▼ + stars: | 2024-12-02 | by ( Lex Harvey | ) edition.cnn.com time to read: +8 min

CNN —Days of protests have rocked Georgia following the government’s controversial decision to delay the former Soviet country’s bid to join the European Union. Tensions intensified in late October when Georgian Dream claimed victory in a contested election that was widely seen as a referendum on joining the EU. Opposition TV channel Formula showed people in the central town of Khashuri throwing eggs at the local Georgian Dream office and tearing down the party’s flag. Georgian Dream, founded by a billionaire who made his fortune in Russia, has taken a sharp authoritarian turn in recent years. Experts have warned the suspension of EU talks is another sign the country is going down an undemocratic path under Georgian Dream.

Persons: Irakli Kobakhidze, ”, “, Giorgi Arjevanidze, “ I’ve, –, ” Tsotne, Salome Zourabichvili, Ketevan, Georgians ”, Matthew Miller, Kaja Kallas, Kobakhidze, Vladimir Putin, Dmitry Medvedev Organizations: CNN, European Union, Georgian, EU, ”, Getty, Georgians, Police, Reuters, Opposition, Interpress, Western, National Democratic Institute ., Democratic, Center for, US State Department, Georgia, Security, of Russia Locations: Georgia, Soviet, South Caucasus, Georgian, Russia, Europe, Soviet Union, ” Georgia, Tbilisi, AFP, Black, Poti, Tbilisi , Georgia, Ukraine, Russian, US, United States

☆ China bonds rally with 10-year yield hitting a multi-decade low on rate cut expectations
▼ + stars: | 2024-12-02 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +4 min

China bonds rallied Monday with the 10-year yield dropping below the key psychological level of 2% to hit a multi-decade low, amid expectations that Beijing could expand its stimulus measures to shore up the economy. Yields on China's 10-year government bond, which move inversely to prices, fell to 1.9636% on Monday, data from LSEG showed, marking its lowest level in 22 years. 30-year bond yields dropped to 2.164%. "The resistance for further downside [on bond yields] may increase due to higher government bond issuance and upcoming major meetings," OCBC's Xie noted. China's 10-year yield remains far lower than the U.S. 10-year Treasury yield of over 4%.

Persons: Tommy Xie, Edmund Goh, Goh, Pan Gongsheng, OCBC's Xie, Xie, Eugene Hsiao Organizations: OCBC Bank, People's Bank of China, CNBC, Communist Party, Macquarie Locations: China, Beijing, LSEG, Asia, U.S

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