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☆ My solo trip to Greece helped me reset, but there are 5 things that would've made it even better
▼ + stars: | 2024-11-28 | by ( Katka Lapelosova | ) www.businessinsider.com time to read: +6 min

AdvertisementIn September, Katka Lapelosova took a solo trip to Greece. If she could do it over, she'd travel there with friends and rent a car. In September, I decided it was time for a solo trip to a Greek island to live out my "Mamma Mia" dreams. The author came across a lot of gap year travelers during her trip to Zakynthos. Understand the difference between beachfront and beach accessOne of the biggest things I'd change about my Greek island trip is booking a hotel that had beach access.

Persons: Katka Lapelosova, Mia, Rhodes, I'd, — Organizations: New York, Colgate Locations: Greece, Zakynthos, Europe, New, New York City, Corfu, Katka, Athens, Taxis

☆ Sriram Krishnan is leaving Andreessen Horowitz and is reportedly in talks to join Elon Musk at DOGE
▼ + stars: | 2024-11-28 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +3 min

AdvertisementSriram Krishnan, a general partner at Andreessen Horowitz, is leaving the firm at the end of the year. Krishnan has discussed joining Elon Musk at the Department of Government Efficiency, reports say. Krishnan has supported Musk in the past and worked at various Big Tech companies. Sriram Krishnan, a general partner at Andreessen Horowitz, is leaving the firm and has had discussions with Elon Musk about joining the Department of Government Efficiency, reports say. Krishnan joined Andreessen Horowitz, also known as A16z, in 2021 and has worked as a crypto investor at the firm.

Persons: Sriram Krishnan, Andreessen Horowitz, Krishnan, Elon Musk, He's, What's, I've, he'd, Donald Trump's, Andreessen Horowitz didn't, Trump, Musk, Vivek Ramaswamy, Joe Lonsdale, Marc Andreessen, Bill Ackman, Travis Kalanick —, Steve Davis, Antonio Gracias, Shiba Organizations: Elon, Department of Government, Big Tech, Twitter, Meta, DOGE, Business, The Washington Post, The Boring Company

☆ US urges Ukraine to draft 18-year-olds to solve manpower shortages on the battlefield
▼ + stars: | 2024-11-28 | by ( Hannah Abraham | ) www.businessinsider.com time to read: +3 min

AdvertisementUS wants Ukraine to lower the conscription age to 18 amid a manpower shortage. The White House said aid to Ukraine will not be tied to the conscription age. The current minimum conscription age is 25, but an anonymous US administration official told reporters on Wednesday that reducing it would help Ukraine keep up with Russia's military. The White House clarified that US aid to Ukraine will not be dependent on whether the conscription age is lowered. In the months he has left, Biden has been scrambling to push measures to aid the war effort in Ukraine.

Persons: Volodymyr Zelenskyy, Dmytro Lytvyn, Zelenskyy, Pokrovsk, Michael Kofman, John Kirby, we're, Kirby, Biden, Antony Blinken Organizations: US, Russia, Financial Times, CNN, Manpower, Ukraine, Security, AFP Locations: Ukraine

☆ Opinion | What I Wish Someone Had Told Me About Motherhood
▼ + stars: | 2024-11-28 | by ( Daniela J. Lamas | ) www.nytimes.com time to read: +1 min

At some point the hormones would quiet, the fascination would diminish, and I would return to my prior self. How do I reconcile this reality with the ambivalence with which I once approached motherhood? An increasing number of adults say that they are unlikely to become parents, leading to much hand-wringing over declining birthrates. For my generation — and, I’d argue, especially for women in my generation — the decision of whether to have a child has become highly fraught. It’s tied up in an understanding of all that went into making motherhood a choice that we get to make.

Persons: I’d, It’s

☆ Xi Jinping can't seem to find the right man to be the face of China's military
▼ + stars: | 2024-11-28 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

AdvertisementChina's defense minister, Dong Jun, is being probed for corruption, the FT reported on Wednesday. Xi Jinping and his leaders likely took at least two months to select, vet, and announce Dong in 2023. Less than a year into his post, China's defense minister is now being placed under investigation for graft, according to a new report by The Financial Times. AdvertisementWhen asked about reports of an investigation into Dong, Chinese Foreign Ministry spokesperson Mao Ning curtly dismissed them as rumors. AdvertisementChina's defense minister doesn't typically have operational command of combat forces but is instead a diplomatic and public-facing figure representing the military.

Persons: Dong Jun, Xi Jinping, Dong, Adm, Li Shangfu, Li, Wei Fenghe, Wei, Lloyd Austin, Mao Ning curtly, Xi, Dong's, doesn't Organizations: The Financial Times, People's Liberation Army, PLA Rocket Force, Chinese Communist Party, US, Foreign Ministry, Chinese Foreign Ministry, Business, Dong, Reuters, Central Military Commission, PLA Locations: Laos, Dong, China

☆ Shares of key chip suppliers jump as U.S. reportedly considers toned-down China curbs
▼ + stars: | 2024-11-28 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

Shares of key global semiconductor equipment firms jumped on Thursday after a report that the U.S. is considering sanctions on China's chip industry that stop short of earlier proposals. The U.S. is now considering adding fewer suppliers to Chinese technology giant Huawei to an export blacklist known as the Entity List. Analysts at Jefferies said ASML had previously guided toward a 30% decline in its revenue from China next year. The Bloomberg report suggested that further sanctions under consideration would target Chinese firms making semiconductor manufacturing equipment, rather than the factories that actually make the chips. This is also a positive for ASML and other foreign semiconductor equipment firms that sell to fabs.

Persons: ASML, Jefferies, " Jefferies Organizations: Bloomberg, Washington, Huawei, Technologies, SK Hynix, Samsung Locations: USA, China, Brussels, Belgium, Europe, Tokyo, Japan, U.S, Dutch

Hamas has long believed that a wider war in the Middle East would help deliver the organization a victory in its war with Israel. But the cease-fire deal to stop the fighting between Israel and the Lebanese group Hezbollah has left that strategy in tatters, potentially removing Hamas’s most important ally from the fight, according to U.S. officials. The agreement is a step forward for the Biden administration, which has tried to contain that wider war and increase pressure on Hamas to make a deal with Israel and release the hostages it holds in Gaza. But even before the Lebanese cease-fire was announced on Tuesday, Palestinian and U.S. officials said they believed that Hamas’s political leadership was ready to make a deal and abandon the strategy formulated by its leader, Yahya Sinwar, who was killed by Israeli forces last month.

Persons: Biden, Yahya Sinwar Organizations: Lebanese, Hezbollah Locations: Israel, Gaza, Palestinian, U.S

☆ Undersea cable cuts in the Baltic Sea are stoking geopolitical tensions — here's what's going on
▼ + stars: | 2024-11-28 | by ( Ryan Browne | ) www.cnbc.com time to read: +5 min

Mikkel Berg Pedersen | Ritzau Scanpix | Afp via Getty ImagesGeopolitical tensions are brewing globally over the cutting of subsea cables — critical infrastructure powering cross-border internet connectivity — in the Baltic Sea. Zoom In Icon Arrows pointing outwards A data visualization map showing the C-Lion1 undersea cable which connected Finland and Germany. Arelion, the company which owns it, told CNBC data traffic was rerouted to alternative links as it worked to repair the cable. Repairing subsea cables is no mean feat, according to Andy Champagne, senior vice president and chief technology officer of Akamai Labs. And, when there is an issue with a subsea cable, repairing it is a non-trivial job."

Persons: Mikkel Berg Pedersen, Ritzau Scanpix, it's, Andy Champagne, Martin Lee, Lee, Elina Valtonen, CNBC's, Valtonen Organizations: Afp, Getty, CNBC, Cinia, BCS, West, Telia, Akamai Labs, Cisco Locations: Baltic, Finland, Sweden, Ukraine, Russia, Germany, Finnish, Central Europe, Lithuania, West Interlink, Telia Lithuania, China, London

☆ Nvidia workforce data explains its meteoric rise
▼ + stars: | 2024-11-28 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +6 min

Nvidia's median salary now surpasses Microsoft's and other Silicon Valley peers. And Nvidia employees were not nearly the source of fascination and interest they are today. AdvertisementThe data behind the evolution of Nvidia's workforce tells the story of the company's meteoric rise just as well, if not better than the revenue or stock price. Nvidia's workforce has grown nearly 20-fold since 2003Beyond Nvidia's historic rise in market value, the company has a lot to offer employees. But as of January 2024, Nvidia's median salary (excluding the CEO) surpassed Microsoft and has left other tech giants in the dust.

Persons: Jensen Huang, Rev Lebaredian, Huang, Jensen, headcount, Emma, ecosgrove Organizations: Nvidia, Tech, Business, Microsoft, Accenture Locations: Santa Clara , California, Silicon Valley

☆ Chip-supplier stocks jump as the US weighs up fresh China sanctions
▼ + stars: | 2024-11-28 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Targeting Chinese chip equipment makers could benefit European firms such as ASML. The Biden administration is reported to be considering fresh sanctions against Chinese semiconductor equipment manufacturers, pushing up stocks of semiconductor suppliers in Europe and Japan. The suggested curbs would add an extra 100 Chinese chip equipment makers to the entity list, the outlet reported. AdvertisementAs part of the sweeping sanctions, the US could add 200 Chinese chip firms to its trade blacklist, Wired reported. American chip equipment makers and allies such as Japan and the Netherlands reportedly pushed back against earlier proposals.

Persons: Biden, SMIC, Jim Reid, Mao Ning, US Department of Commerce didn't Organizations: Wired, Bloomberg, Tokyo, Huawei, CSI, Deutsche, US Department of Commerce, Business Locations: Europe, Japan, China, Shanghai, Netherlands

☆ South Korea unexpectedly cuts rates by 25 basis points — first back-to-back cuts since 2009
▼ + stars: | 2024-11-28 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

A pedestrian walks past signage for the Bank of Korea in Seoul, South Korea, on Monday, Nov. 22, 2021. South Korea on Thursday cut its benchmark interest rate by 25 basis points to 3% in a surprise move, as the country strives to boost its economy that has seen tepid growth. Economists polled by Reuters had estimated the bank to hold rates at 3.25%. This also marked the first time the BOK has enacted two back-to-back cuts since 2009. It had cut rates by 25 bps in its last meeting in October.

Persons: BOK Organizations: Bank of, Reuters, bps Locations: Bank of Korea, Seoul, South Korea

☆ Shohei Ohtani: Los Angeles Dodgers star seeks $325,000 worth of baseball cards from his ex-interpreter
▼ + stars: | 2024-11-28 | by ( Associated Press | Story The | ) edition.cnn.com time to read: +3 min

AP —Baseball star Shohei Ohtani wants his former interpreter to hand over hundreds of thousands of dollars worth of baseball cards he says were fraudulently bought using his money. The legal filing alleges Mizuhara accessed Ohtani’s bank account beginning around November 2021, changing his security protocols so that he could impersonate him to authorize wire transfers. By 2024, Mizuhara had used that money to buy about $325,000 worth of baseball cards at online resellers eBay and Whatnot, according to the court documents. Ippei Mizuhara, the former interpreter for the Los Angeles Dodgers baseball star Shohei Ohtani, leaves federal court in Santa Ana, California, on June 4, 2024. Earlier this year, Ohtani and the Dodgers won the World Series, and the baseball star won his third Most Valuable Player award.

Persons: Shohei Ohtani, Ippei Mizuhara, Mizuhara, Michael G, Freedman, Shohei, Damian Dovarganes, Ohtani —, — Organizations: —, Los Angeles Dodgers, Derby, American League MVP, Los Angeles Angels, MLB, NBA, NFL, Dodgers Locations: Santa Ana , California, Arizona, Japan

☆ France's political chaos drives borrowing costs to the same level as Greece's for the first time
▼ + stars: | 2024-11-28 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +4 min

Sopa Images | Lightrocket | Getty ImagesFrance's brewing political crisis is spilling into financial markets with the country's borrowing costs hitting the same level as debt-ridden Greece's for the first time on record Thursday. The spread — the difference in yield between two bonds — between French 10-year government bond yields and their Greek counterparts was reduced to zero earlier Thursday. The yield on the French 10-year stood at 3.0010% while the same Greek bond stood at 3.030%. French officials looked to defend the economy on Thursday, but acknowledged that bond investors viewing French debt as risky as Greece's was a worrying development. Economy Minister Antoine Armand said Thursday that the French economy could not be compared with Greece's, however.

Persons: Storm Caetano, Michel Barnier, Barnier, Emmanuel Macron, Antoine Armand, Greece's, Armand, Jason Da Silva, CNBC's, Marine, George Pachantouris Organizations: Chatelet, Getty, Investors, Economy, BFM, Google, Global Investment, Arbuthnot, Rabobank Locations: Chatelet Les Halles, Paris, Greece, France, Europe

☆ 5 tech stocks in supply chain management could benefit from Trump's tariffs, Redburn Atlantic says
▼ + stars: | 2024-11-28 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

President-elect Donald Trump's proposed steep tariffs on imports could create winners in the stock market — particularly among companies that help businesses manage their supply chains, according to Redburn Atlantic. The shares of all these global companies are traded in the U.S. and Europe. Trump has proposed tariffs of 25% on all products from Mexico and Canada, and additional tariffs on goods from China. Kinaxis Kinaxis, which helps companies plan their supply chains using digital replicas of physical operations, could also benefit, according to Redburn Atlantic. WiseTech Global WiseTech offers a "high-growth profile" investment opportunity that will benefit from the tariff trend, according to Redburn Atlantic.

Persons: Donald Trump's, Trump, Redburn, Lachlan Brown, Descartes, Kinaxis, Trump's, — CNBC's Michael Bloom Organizations: Descartes Systems, Manhattan Associates, SPS Commerce, WiseTech, Descartes Systems Descartes Systems, Manhattan Associates Manhattan Associates, SPS, Commerce Locations: U.S, Europe, United States, China, Mexico, Canada

☆ Amazon is hedging its big bet on Anthropic with its own AI video model, report says
▼ + stars: | 2024-11-28 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +2 min

AdvertisementAmazon is developing a new AI model called Olympus for video analysis, The Information reported. Amazon-backed Anthropic has already launched its own multimodal model for images and videos. Amazon may have doubled down on its investment in Anthropic, but it also appears to be hedging its AI bets by developing its own model that can process images and video in addition to text. The tech giant's new model, code-named Olympus, could help customers search video archives for specific scenes, The Information reported. The development and launch of Olympus could reduce Amazon's dependency on Anthropic for multimodal AI, especially if the new video model becomes as a cheaper alternative.

Persons: Anthropic, chatbot Claude Organizations: Anthropic, Olympus, AWS, Web Service, Big Tech Locations: Anthropic

☆ Target’s Hot Santa Ads Join ‘Hot Frosty’ in Spiced Up Holidays
▼ + stars: | 2024-11-28 | by ( Gina Cherelus | ) www.nytimes.com time to read: 1 min

“Sara, did you hear that?” says the woman in the ad. “It was Santa Claus. And he’s, like, weirdly hot.”Indeed, standing in front of her was the tall, attractive and silver-haired Kris K. (presumably short for Kris Kringle), who apparently moonlights as a sales associate at Target when he isn’t delivering gifts around the world. In another ad featuring the reimagined character, a jolly Kris is seen driving to Target from his home in the snowy North Pole. The new campaign, “Kris From Target,” started on Nov. 17 and stirred up viewers online who weren’t expecting such a dramatic makeover for the timeless Christmas figure.

Persons: “ Sara, ”, Santa Claus, Kris K, Kris Kringle, Kris, “ Kris Organizations: Target Locations: Santa

☆ What a Deadly Offensive in Syria Means for a Stalled Civil War
▼ + stars: | 2024-11-28 | by ( Raja Abdulrahim | ) www.nytimes.com time to read: 1 min

The largest offensive in years by Syrian opposition fighters against government forces has stirred fears of reigniting a civil war that has been mostly frozen for years. The new rebel push began Wednesday in Aleppo Province in northwestern Syria. On Thursday, the opposition forces advanced, capturing several new villages, according to a British-based monitoring group, the Syrian Observatory for Human Rights. The offensive aims to stop attacks by government forces and their Iran-backed militia allies, a rebel commander said. The group gathers information from a network of activists and others across Syria, and its numbers could not be independently verified.

Organizations: Syrian, Human Rights Locations: Aleppo Province, Syria, British, Iran

☆ CNBC's Inside India newsletter: The causes and costs of India's brain drain
▼ + stars: | 2024-11-28 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +10 min

(Photo by Sanchit Khanna/Hindustan Times via Getty Images)This report is from this week's CNBC's "Inside India" newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Raj is looking for jobs outside India and says he is "willing to go anywhere and do anything." "My parents took a [1.9 million Indian rupee] ($22,491) loan for my degree, so I studied hard and interned to find a well-paying job quickly," the 27-year-old, told CNBC's Inside India. Speaking to CNBC's Inside India, Ghosh — a professor formerly at India's Jawaharlal Nehru University and currently at the University of Massachusetts Amherst — noted "there is definitely a jobs crisis in India." This shift in perspective has translated to "brain drain," being considered as a "term from the last century," Sunaina Kumar, a senior fellow at think tank the Observer Research Foundation (ORF), told CNBC's Inside India.

Persons: Sanchit Khanna, Raj, Keshav Raj, Anurag Sinha, Sinha, aspirational, Jayati Ghosh, Ghosh —, University of Massachusetts Amherst —, They've, Ghosh, Sundar Pichai, Satya Nadella, Leena Nair, Subrahmanyam Jaishankar, Sunaina Kumar, Kumar, ORF's Kumar, foundit's Sinha Organizations: Hindustan Times, Getty, ., SRM Institute of Science & Technology, United Arab, India, India's Jawaharlal Nehru University, University of Massachusetts Amherst, International Labour Organization, UN, Microsoft, Institute of South Asian Studies, National University of Singapore, Observer Research Foundation, Bank, South Locations: DELHI, INDIA, Anand, New Delhi, India, Indonesia, Tamil Nadu, Canada, Australia, United Arab Emirates, U.S, Europe, Indian

☆ NewJeans: Members of K-pop group say they are leaving agency ADOR after dispute
▼ + stars: | 2024-11-28 | by ( Story Reuters | ) edition.cnn.com time to read: +1 min

Seoul, South Korea Reuters —Members of NewJeans, one of the most popular K-pop groups, said on Thursday that they were leaving their agency ADOR, a subsidiary of powerhouse label HYBE. The latest controversy in the K-pop scene has gripped South Korea this year, with accusations, audits and an emotional press conference making headlines. The members of NewJeans announce the termination of their contract with ADOR during a press conference on November 28, 2024 in Seoul. Chung Sung-Jun/Getty ImagesThe five NewJeans members held a late-night press conference to announce their departure from the agency and said they would like to work with Min Hee-jin, ADOR’s former chief who left the agency this month. “Once we leave ADOR, we’ll aim to proceed freely with the activities that we really desire,” said Danielle, one of the band members.

Persons: ADOR, “, NewJeans, Chung Sung, Min Hee, ”, Danielle Organizations: South Korea Reuters —, ADOR Locations: Seoul, South Korea

☆ Despite Ozempic and RFK Jr., Uncrustables and Twinkies believe ‘very strongly that snacking continues’
▼ + stars: | 2024-11-28 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +4 min

But the owner of Twinkies and Uncrustables is predicting that nothing will be able to stop America’s insatiable hunger for snacks. “As it relates to anything in the political domain, we believe very strongly that snacking continues,” J.M. Food companies aren’t betting on Kennedy and the Trump administration to influence their businesses and Americans’ eating habits. Daniel Acker/Bloomberg/Getty ImagesSmucker believes that its food brands’ appeal and Americans’ craving for snacks will outweigh any changes Kennedy may bring. The brand includes meals high in protein and fiber that are “intended to be a companion for GLP-1 weight loss medication users and consumers focused on weight management.”

Persons: Robert F, Kennedy Jr, snacking, ”, Mark Smucker, Kennedy’s, Kennedy, Donald Trump, Kennedy “, ” Alexia Howard, Bernstein, General Mills, Kellogg, Kraft Heinz, Trump, ” Marion Nestle, Daniel Acker, Smucker, Biden Organizations: New, New York CNN, “, Health, Human Services Department, Assistance, Pepsi, General, Trump, US Senate, New York University, CNN, Bloomberg, Getty, Research Locations: New York, Smucker, Tiskilwa , Illinois, U.S, Switzerland

☆ Trump tariffs would increase the price of cars made by US automakers by over $2K: Wells Fargo
▼ + stars: | 2024-11-28 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +3 min

AdvertisementDonald Trump said he'd put in place 25% tariffs on Mexican and Canadian imports upon taking office. This would push up prices for US-assembled cars by an average of $2,100, according to Wells Fargo. President-elect Donald Trump's proposed tariffs on Mexico and Canada would drive up the price of cars assembled in the US by an average of $2,100, according to estimates made by analysts at Wells Fargo. "Autos are stuck in the middle of Trump's geopolitics," the analysts said in a note on Wednesday, per Fortune. AdvertisementHowever, he said doing so may be more difficult than Trump expects due to massive US investments in Mexico.

Persons: Donald Trump, he'd, Donald Trump's, Trump, Wells Fargo, Wells, Claudia Sheinbaum Pardo, Sheinbaum, Colin Lewis, Marcelo Ebrard Organizations: —, Motors, Ford Motor Company, Ford, London School of Economics, Trump, Ebrard, ~$ $ Locations: Wells Fargo, Mexico, Canada

☆ From AI to young new artists, London wants to attract a new generation of art buyers
▼ + stars: | 2024-11-28 | by ( Lucy Handley | In | ) www.cnbc.com time to read: +1 min

As the art market shows signs of slowing, London is looking to attract a new generation of art buyers — and showcase young emerging artists in the process. Global art sales slid 4% year-on-year in 2023, according to the Art Basel & UBS Art Market Report 2024, falling to $65 billion after two years of growth. But now we are seeing more the 25- to 35-[year-old] buyers," he told CNBC's "The Art of Appreciation." HOFA represents artist Sougwen Chung, who uses a robot Chung designed to co-create work. "It was really, really interesting, because we could see my own stylistic input, my own decision making … transferred and translated into a machine system," they said.

Persons: Elio D'Anna, CNBC's, HOFA, Sougwen Chung, Chung, DOUG, … Organizations: Art Basel, UBS Art, of Fine, CNBC, MIT Media Lab Locations: London, London's Mayfair, —

☆ DOGE: How far could Elon Musk and Vivek Ramaswamy go to cut federal regulations?
▼ + stars: | 2024-11-28 | by ( Tami Luhby | ) edition.cnn.com time to read: +6 min

CNN —Elon Musk and Vivek Ramaswamy intend to lean on two recent Supreme Court rulings that they argue will make it easier to tear up a multitude of federal regulations. However, multiple legal and regulatory experts told CNN that Musk and Ramaswamy are misinterpreting the decisions, which could actually make it harder to overturn existing rules. Slashing needed workersWhat’s more, the endeavor would require a lot of assistance from agency staffers – the very workers that Musk and Ramaswamy have promised to cut. For instance, in a town hall on X last month, Musk repeatedly criticized government regulations, citing their interference with his companies. “It’s quite arduous getting regulatory approval,” Musk said while discussing his Neuralink startup that develops implantable brain-computer interfaces.

Persons: CNN — Elon Musk, Vivek Ramaswamy, Donald Trump, Raimondo, Ramaswamy, won’t, ”, James Broughel, hasn’t, ” Musk, Trump, Nicholas Bagley, “, Richard Pierce Jr, ” Broughel, ” Trump, Broughel, Biden, Joe Biden’s, Musk, ” CNN’s Tierney Sneed Organizations: CNN, Government, Environmental Protection Agency, Loper Bright Enterprises, Competitive Enterprise Institute, ’, Street, Congress, University of Michigan Law School, George Washington University, of Economic, Public Citizen, SpaceX Locations: West Virginia

☆ With Trump Returning and Hezbollah Weakened, Iran Strikes a Conciliatory Tone
▼ + stars: | 2024-11-28 | by ( Farnaz Fassihi | ) www.nytimes.com time to read: +1 min

In mid-November, Iran dispatched a top official to Beirut to urge Hezbollah to accept a cease-fire with Israel. Around the same time, Iran’s U.N. ambassador met with Elon Musk, an overture to President-elect Donald J. Trump’s inner circle. And on Friday, it will hold talks in Geneva with European countries on a range of issues, including its nuclear program. All this recent diplomacy marks a sharp change in tone from late October, when Iran was preparing to launch a large retaliatory attack on Israel, with a deputy commander of the Islamic Revolutionary Guards Corps warning, “We have never left an aggression unanswered in 40 years.”Iran’s swing from tough talk to a more conciliatory tone in just a few weeks’ time has its roots in developments at home and abroad. Five Iranian officials, one of them a Revolutionary Guards member, and two former officials said the decision to recalibrate was prompted by Mr. Trump winning the Nov. 5 election, with concerns about an unpredictable leader who, in his first term, pursued a policy of “maximum pressure” on Iran.

Persons: Iran’s U.N, Elon Musk, Donald J, ”, recalibrate, Trump Organizations: Islamic Revolutionary Guards Corps, Revolutionary Guards, Mr Locations: Iran, Beirut, Israel, Geneva

☆ CNBC Daily Open: U.S. inflation edged up but investors aren’t fazed
▼ + stars: | 2024-11-28 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Mike Blake | ReutersThis 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 SPDR S&P 500 , an exchange-traded fund that tracks the broad-based index, traded around 22.6% fewer shares than its 30-day average. In fact, traders boosted their bets that the U.S. Federal Reserve will lower rates by 25 basis points at its December meeting. "Today's data shouldn't change views of the likely path for disinflation, however bumpy," said David Alcaly, lead macroeconomic strategist at Lazard Asset Management.

Persons: TKWY, Mike Blake, David Alcaly, Scott Helfstein, Chris Verrone, —, Jeff Cox, Scott Schnipper, Alex Harring, Sean Conlon Organizations: Reuters, CNBC, Dow Jones, Big, Nasdaq, U.S . Federal, Lazard Asset Management Locations: Encinitas , California, U.S, Big Tech

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