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A changing ChinaIt was a different world in the late 2000s and early 2010s, when Chinese students first began surging overseas. In 2020, the US revoked visas for more than 1,000 Chinese students and researchers deemed security risks. In January this year, Chinese foreign ministry spokesperson Wang Wenbin said in a briefing that “dozens of Chinese nationals, including international students, have been forcibly deported by the US each month.” He decried it as “discriminatory,” urging the US to protect the rights of Chinese students abroad. The Covid yearsThe number of Chinese students in the US plunged during the pandemic and hasn’t rebounded since. “Since the economic sanctions and tech restrictions started in 2018, many (Chinese) students have been sent back home,” one user wrote on Weibo.
Persons: , , Mallie Prytherch, , , Donald Trump’s, ” Prytherch, Trump, Prytherch, Joe Biden, Wang Wenbin, Li Jing, hasn’t, Mirka Martel, Steven Hon, didn’t, Hon, Marianne Craven, they’ve Organizations: Hong Kong CNN, Education consultancies, State Department, of International Education, University of Hong Kong’s, Contemporary, Beijing, World Trade Organization, Games, America, Fulbright, Trump, Tsinghua University, CNN, Institute of International Education, Education, , Ivy League Locations: Hong Kong, United States, China, India, America, Contemporary China, , Beijing, cybersecurity, Macau, Weibo, Canada, Australia, American
AdvertisementJust in time for the busy holiday travel season, Uber has come out with a new ride option. For those who don't travel light, the new XXL Uber option comes with "larger trunk space" for more luggage. For those who don't like to travel light during the holiday season, Uber's new XXL option might be for you. The existing UberXL option gets riders a van or SUV that seats up to 6 people. AdvertisementAs part of the holiday travel season updates, Uber said that eligible Uber One members can get $20 Uber Cash back on an XXL ride until December 1.
Persons: Uber, UberXL, Cash Organizations: XXL, It's, TSA Locations: Canada
Next month, the Disney Treasure cruise ship will make its maiden voyage from Port Canaveral, Florida, to the Caribbean, officially becoming the sixth ship in the company's lineup. The cruise ship Disney Treasure. A guest room on the Disney Treasure cruise ship. Worlds of Marvel, a restaurant on Disney's cruise ship Treasure that was inspired by the Marvel Cinematic Universe. Jumbeaux's Sweets, inspired by the ice cream parlor in Disney's "Zootopia," is a gelato and sweets shop on Disney's Treasure cruise ship.
Persons: Minnie, hadn't, Thomas Mazloum, Gavin Doyle, Doyle, , Coco, Jumbeaux's Sweets, Jumbeaux's, I've, we've, There's Organizations: Disney, Disney Destiny, Oriental Land Company, Disney Cruise, Disney Disney, Royal, Cruise, de Coco, Mariachi Plaza, Pixar, Marvel, Walt Disney Animation Studios, Steakhouse, Skipper, Skipper Society, Cruise Lines International Association, Disney's Oceaneer, Walt Disney Theatre, Lucasfilm Locations: Port Canaveral , Florida, Caribbean, Japan, Royal Caribbean
"There's two things you need to know about Nvidia," Jim continued. Here's a closer look at a few key questions surrounding Nvidia's fiscal 2025 third-quarter report and the subsequent conference call at 5 p.m. Nvidia's triple-digit revenue growth in recent quarters is widely expected to moderate due to the law of large numbers. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: you've, ChatGPT, Jim Cramer, Jim, there's, Blackwell, Jensen, Blackwell pushouts, we're, We're, we've, Hopper, , Gross, Huang, Colette Kress, Nvidia, Kress, Jim Cramer's, Jensen Huang, Sam Yeh Organizations: Nvidia, Apple, AMD, Blackwell, Analysts, Truist Securities, Bank of America, Susquehanna, Microsoft, Meta, Sovereign, Evercore, Enterprise, CNBC, AFP, Getty Locations: CQ4, Japan, Indonesia, India, Denmark, Taipei
Don't sweat the drop in Palo Alto Networks stock, which came despite a solid beat and raise after Wednesday's closing bell. Bottom line Palo Alto Networks is off to a strong start to its fiscal year 2025. Palo Alto Networks passed through the fiscal first-quarter earnings beat into its full-year fiscal 2025 outlook. NGS ARR includes revenue for Palo Alto Network's Prisma, Cortex, QRadar, and certain cloud-delivered security services. Nikesh Arora, Chairman and CEO of Palo Alto Networks, speaking at the TEC Summit on October 29, 2019 in New York City.
Persons: Platformization, We're, Palo, Nikesh Arora, Arora, Jim Cramer, SASE, billings, Jim Cramer's, Jim, Astrid Stawiarz Organizations: Palo Alto Networks, Palo, LSEG, Palo Alto, Alto Networks, Cisco Systems, cybersecurity, Street, Management, CNBC, TEC Summit Locations: Palo, platformization, Palo Alto, New York City
Sheetz is slashing gas prices by 40 cents
  + stars: | 2024-11-20 | by ( Jordan Valinsky | ) edition.cnn.com   time to read: +1 min
New York CNN —Sheetz, the gas station and convenience store chain, is slashing prices at some of its pumps ahead of the busy Thanksgiving travel period. Sheetz and other chains periodically slash prices to generate buzz and sales, even at the expense of lower profit. Drawing in people with cheap gas could help give convenience store sales a boost. But it’s an odd time to cut gas prices, which are below $3 a gallon in 31 states and hovering at $3.06 a gallon nationally. “Gas prices, after two-plus years of sizzling because of outside factors like Covid and Russia, are finally coming back into balance,” GasBuddy’s Patrick De Haan previously told CNN.
Persons: New York CNN — Sheetz, GasBuddy, , Patrick De Haan Organizations: New, New York CNN, AAA, Drivers, CNN Locations: New York, Russia
Investigators discovered that a low-level Israeli soldier had illegally removed Hamas documents from a military database and passed them to Eli Feldstein, a communications consultant working for Netanyahu, prosecutors said. Feldstein acted “with the intention of influencing public opinion in Israel on the negotiations regarding the hostages and in particular the issue of the contribution of the demonstrations to the strengthening of Hamas,” prosecutors said. Days after it was published, Netanyahu cited the article as evidence of Hamas’ intent “to use psychological warfare on the hostage families” and to put pressure on the Israeli government. The Israeli soldier accused of leaking the document to him has also been arrested, along with three other military personnel, prosecutors said. “For the past few days, my office has been under a wild and unrestrained attack,” Netanyahu said at the time.
Persons: Benjamin Netanyahu’s, Eli Feldstein, Netanyahu, Feldstein, , “ Bibi, Yahya Sinwar, Hersh Goldberg Polin, Bild, Sinwar, Shin, , ” Netanyahu, Tzachi Braverman, Braverman, Jack Chen Organizations: NBC News, Israel Defense Forces, Military, NBC, Police Locations: TEL AVIV, Gaza, Israel, Germany
Indians have become the biggest group of international students in the U.S., surpassing Chinese students this year for the first time in 15 years. New data released by the State Department in conjunction with the Institute of International Education shows that there are now 331,602 Indian international students in the U.S. (a 23% growth from last academic year), compared with 277,398 Chinese international students (a 4.2% decline). South Korea, Canada and Taiwan follow distantly as the next most common countries of origin for international students, with numbers all well under 50,000. Long the most populous at U.S. colleges and universities, Chinese international students have been falling in number every year since the pandemic. Chinese international students typically come with different priorities, Martel and Khanna said.
Persons: , Gaurav Khanna, Mirka Martel, IIE’s, , Khanna, Martel, ” Martel, haven’t, “ We’ve Organizations: State Department, Institute of International Education, U.S, University of California, Pew Research, Indian, Locations: U.S, South Korea, Canada, Taiwan, India, China, Covid, San Diego, “ U.S
Walmart’s CFO John David Rainey said the retailer would likely have to raise prices on some items if President-elect Donald Trump’s proposed tariffs take effect. “We never want to raise prices,” he said in an interview with CNBC on Tuesday. Beauty CEO Tarang Amin told CNBC in an interview earlier this month that the company could be forced to raise prices if the higher duties take effect. The majority of goods Walmart sells are not at risk of tariffs. The home improvement retailer addressed the potential levies as it reported earnings on Tuesday.
Persons: John David Rainey, Donald Trump’s, , , ” Rainey, Wall, Matthew Shay, Tarang Amin, Steve Madden, Rainey, We’ve, Lowe’s, it’s, Brandon Sink, — CNBC’s Gabrielle Fonrouge Organizations: CNBC, National Retail Federation, Walmart Locations: China, U.S
HONG KONG — A Hong Kong court sentenced dozens of leading pro-democracy figures to up to 10 years prison Tuesday in the single largest trial under a national security law that critics say has been used to all but eliminate political dissent in the Chinese territory. Lawyers for the defendants have argued that such action was within the bounds of Hong Kong law. In March, Hong Kong’s opposition-free legislature also enacted local national security legislation. Among the 47 are “second-tier pan-democrats” who were previously active members of the Hong Kong legislature, Burns said. Hong Kong officials said last month that there was no time limit for prosecuting the cases, noting that it takes time to gather evidence.
Persons: Benny Tai, Tai, Carrie Lam, Hong Kong’s, Hong, Maya Wang, , Tai —, John Burns, Burns, Jimmy Lai, , Jonathan Sumption, ” Sumption, Kong’s, of Organizations: University of Hong Kong, Hong, Authorities, Human Rights, University of Hong, Apple Daily, Pew Research Center, Financial Locations: HONG KONG, Hong Kong, Beijing, British, U.S, China, University of Hong Kong, Hong Kong’s
CNN —A powerful “bomb cyclone” will combine with an atmospheric river to unleash over a month’s worth of rain, hurricane-force wind gusts and feet of mountain snow to parts of the Pacific Northwest and Northern California. This bomb cyclone will work with an atmospheric river, a long plume of water vapor moving like a river through the atmosphere, to wring out heavy rainfall and significant mountain snowfall in the Pacific Northwest and Northern California beginning Tuesday. The pair will stall along the coast and hammer the area with hazardous conditions through the week and into the weekend. Rainfall of this magnitude is expected to cause significant urban flooding, debris flow on roadways and river flooding. Strong winds could cause extensive damage to trees and power lines,” the National Weather Service office in Seattle warned.
Persons: Organizations: CNN, National Weather Service, Weather Prediction, WPC Locations: Pacific Northwest, Northern California, San Francisco, Medford , Oregon, California, San Francisco Bay, Oregon, Washington, Seattle, Sierra Nevada
Walmart 's CFO, John David Rainey, said the retailer could have to raise prices on some items if President-elect Donald Trump's proposed tariffs take effect. "We never want to raise prices," he said in an interview with CNBC on Tuesday. Beauty CEO Tarang Amin told CNBC in an interview earlier this month that the company could be forced to raise prices if the higher duties take effect. The majority of goods Walmart sells are not at risk of tariffs. "Tariffs, though, are inflationary for customers, so we want to work with suppliers and with our own private brand assortment to try to bring down prices."
Persons: John David Rainey, Donald Trump's, Rainey, Lowe's, Walmart's, Brandon Sink, Marvin Ellison, it's, We're, We've, Matthew Shay, Tarang Amin, Steve Madden, Gabrielle Fonrouge Organizations: Walmart, Walmart Inc, CNBC, National Retail Federation Locations: Martinez , California, U.S, China
These days, Cher prefers younger men: She has a 40-year age gap with her current partner, Alexander Edwards. There's at least one person who didn't initially approve of Cher's age-gap relationship with Sonny Bono — her mother. So I said, 'OK, I'm not 18 but next month is my birthday' — which was true — 'and I'm going to be 18,'" Cher told Mason, recounting her words. AdvertisementEven though Bono didn't find her attractive initially, their relationship eventually blossomed, she said. Looking back on their relationship, Cher says that their 11-year age gap never felt strange.
Persons: Cher, wasn't, Sonny Bono, Alexander Edwards, There's, didn't, Sonny Bono —, Anthony Mason, Bono —, , Bono, Mason, Tony, Maria, Bono didn't, Chaz Bono, Cher —, Jennifer Hudson, isn't, Dick Van Dyke, Arlene Silver, Blake Lively, Ryan Reynolds, Whoopi Goldberg, Joy Behar Organizations: CBS
The SPDR Gold Shares (GLD) has shown remarkable strength in 2024, soaring 40% between January and October. For those who missed the rally, November offers a potential opportunity as GLD has pulled back 8% from its all-time highs, creating a dip-buying scenario. DMI (Directional Movement Index): The DMI is composed of three lines: DI+ (green line), DI- (red line), and ADX (blue line). When the DI- (red line) is above the DI+ (green line), it indicates a downtrend. Note that both DI- and DI+ are changing direction, which provides the first indication of a possible trend change.
Persons: GLD, Nishant Pant Organizations: RSI, CNBC, NBC UNIVERSAL Locations: GLD
CNN —Tens of thousands of people have marched on the New Zealand parliament in Wellington to protest against a bill that critics say strikes at the core of the country’s founding principles and dilutes the rights of Māori people. The traditional peaceful Māori walk, or hīkoi, culminated outside parliament on Tuesday, where protesters implored lawmakers to reject the controversial Treaty Principles Bill that seeks to reinterpret the 184-year-old treaty between British colonizers and hundreds of Māori tribes. “Today is a show of kotahitanga (unity), solidarity and being one as a people and uphold our rights as Indigenous Māori,” marcher Tukukino Royal told Reuters. The Treaty Principles Bill was introduced by David Seymour, leader of the right-wing ACT New Zealand Party, which is a junior coalition partner with the ruling National and New Zealand First parties. Hīkoi leader Eru Kapa-Kingi told the crowd “Māori nation has been born” today and that “Te Tiriti is forever,” RNZ reported.
Persons: marcher Tukukino Royal, Sanka Vidanagama, , Māori disenfranchisement, David Seymour, Seymour, Te, , Eru Kapa, Kingi, Tiriti, ” RNZ Organizations: CNN, New, Police, Reuters, Getty, Zealanders, ACT New Zealand Party, New Zealand, Radio New Zealand Locations: New Zealand, Wellington, Zealand’s, AFP, Waitangi, Zealand’s Treaty, Māori, United States, British
Uncertainty among U.S. shippers is escalating into 2025 with the expectation of new Trump tariffs and the possibility of a new ports strike that could begin in mid-January. The earliest new tariffs could be in effect is in late February or early March, according to an alert from C.H. Travel time for ocean freight from China to the East Coast and Gulf Coast ports is 40-55 days. He added that making these types of decisions has become part of the typical uncertainty that the supply chain needs to be prepared to face. "I was running a high-tech manufacturing operation before I took this job and we did manufacturing through China," Rhodes said.
Persons: Honour Lane Shipping, Robinson, USMX, Corey Rhodes, Rhodes Organizations: Trump, CNBC, Honour Lane, ILA, United States Maritime Alliance, Whirlpool, AB InBev, Danone Locations: Asia, Southern California, New England, Texas, China, East Coast, Gulf Coast
A higher economic growth rate could theoretically boost the government's tax take without the need to raise taxes further, because overall revenues would be higher. The OBR now expects U.K. real GDP growth of 1.1% in 2024, followed by expansion of 2% in 2025, before falling to 1.5%. The Labour government did not immediately respond to CNBC's request for comment on further possible tax changes. 'Desperate' growth ratesThe U.K. economy barely grew in the third quarter, eking out a less-than-expected 0.1% expansion, data from the Office for National Statistics showed Friday. We've had 1% growth, or around 1% growth now since the Financial Crisis.
Persons: Rachel Reeves, James Smith, CNBC's, John Grieve, Reeves, Gieve, , Labour's, ING's Smith, We've Organizations: Treasury, Getty, Labour, Finance, ING, of, CNBC, National Insurance, Office, National Statistics, Gross Locations: London, England
If you are one of the many Americans planning an escape next year, this unique adventure might be exactly what you're looking for. Residential cruise line Villa Vie Residences announced the Tour La Vie program which offers passengers the opportunity to live aboard its ship, the Villa Vie Odyssey, for up to four years. Villa Vie's CEO, Mikael Petterson tells CNBC Make It the new program was planned before Election Day. And while is is not a reaction to the outcome, the offering is is well-timed. "Onboard, we may have differing political views, but our community comes together through our passion for exploring the world in a very real way that goes far beyond politics," Petterson said.
Persons: Villa, Mikael Petterson, they're, Petterson Organizations: Vie Residences, CNBC, Arton
But Xpeng's CEO, He Xiaopeng, says most Chinese carmakers will not exist in 10 years. He predicted that only seven major car companies would eventually be left in China. Xpeng CEO He Xiaopeng doesn't think most Chinese carmakers will survive the next decade. AdvertisementMercedes-Benz CEO Ola Källenius took a similar position to He when asked about the threat posed by Chinese EV makers at the Berlin Global Dialogue conference in October. Chinese carmakers like BYD have also attempted to conquer the global electric vehicle market.
Persons: Xiaopeng, Ola Källenius, Källenius, Stephen Dyer, BYD, Brian Gu Organizations: EV, Singaporean, The Straits Times, Business, CNA, Benz, Berlin Global, Getty, , Wall Street Journal, Research, BI Locations: China, Xpeng, Thailand, Brazil
Geopolitics are raining on the stock market's parade, but other trades are working. U.S. stock futures fell Tuesday as tensions between Ukraine and Russia intensified. S & P 500 and Nasdaq-100 futures shed 1.1% each. That said, four trades are holding up against this backdrop: Gold futures rallied nearly 1% to around $2,640 per ounce. If geopolitical pressure continues to rise, the four trades above could outperform as 2024 wraps up.
Persons: Vladmir Putin, , DAX, Treasurys, Vladimir Putin's, Peter Boockvar, Cory Kasimov, Robert F, Kennedy Jr, Kasimov Organizations: Dow Jones Industrial, Nasdaq, Global, France's CAC, Bleakley Financial, ISI, Department of Health, Human Services Locations: Ukraine, Russia, Russian, U.S, Europe
AdvertisementApple has offered a $100 million investment to lift Indonesia's iPhone 16 sales ban, Bloomberg says. Indonesia has blocked iPhone 16 sales because they do not contain 40% locally made components. Apple has reportedly offered to invest $100 million in Indonesia to reverse a ban on iPhone 16 sales in the world's fourth-most populous nation. AdvertisementIndonesia's Ministry of Industry last month blocked Apple from selling its iPhone 16, which first launched in September, for failing to comply with regulations. As the world's fourth-most populous nation with over 280 million citizens, Indonesia is an increasingly important Apple market.
Persons: , Apple hadn't Organizations: Apple, Bloomberg, Indonesia's Ministry, Industry, Indonesia's Ministry of Industry, Business Locations: Indonesia, Cupertino, Asia's, Bandung, Jakarta
Investors may soon be forced to take on more risk and rethink their diversification strategies due to macroeconomic uncertainties. And that presents challenges for those who follow the traditional balance of 60% stocks to 40% bonds as a diversifier, he added. "Momentum has really been driving equities higher across the board, especially with respect to large-cap growth names," Adams said. The study found that stocks, bonds, and options strategies could have more correlated risk than is evident on the surface. "So value stocks are about the here-and-now, growth stocks are about the hereafter."
Persons: Goldman Sachs, Jon Adams, Adams, Jimmy Chang, Donald Trump, Chang, Nikolai Roussanov, David Kelly, you've, Kelly Organizations: Calamos Wealth, Treasury, Rockefeller, Family, Wharton School, Morgan Asset Management
Frozen food last a lot longer, and a chest freezer allows him to store many different meals at once. Cooking enough to feed a family of four for dinner and have leftovers usually requires preparing multiple big meals a week. AdvertisementFreezer-prepping not only gives his family more flexibility on when or what they eat but also saves Laielli money and time to pursue hobbies — a luxury for a busy parent. He saves money in a few waysLaielli said his freezer burritos total about $2 each. He said he saves money by using a lot of dry goods in his cooking, like beans.
Persons: Tim Laielli, Laielli, He's, Tim Laielli Laielli, sears Organizations: Taco Bell Locations: Texas
As a result, the share of Americans saying they live paycheck to paycheck has been growing fairly steadily for the past two years, a recent Bank of America survey found. Nearly half of Americans at least somewhat agree with the statement, "I am living paycheck to paycheck," as of the third quarter of 2024. Importantly, how each respondent defines living paycheck to paycheck may vary. By that measure, around 30% of American households are living paycheck to paycheck, according to Bank of America's internal data. If it becomes unaffordable, that person may feel like they're living paycheck to paycheck, Tinsley says.
Persons: that's, David Tinsley, Tinsley Organizations: of America, Bank of America, Bank of, Bank of America Institute Locations: Bank
Follow live coverage of Rafael Nadal’s last Davis Cup hereMALAGA, Spain — Botic van de Zandschulp beat Rafael Nadal in the Davis Cup quarterfinals at the Palacio de Deportes José María Martín Carpena 6-4, 6-4 Tuesday. The Athletic’s Charlie Eccleshare and Matt Futterman analyze the match…How did Nadal’s serve hinder him? Nadal’s serve is driving him away from tennis more than anything else. Through the first set, Nadal landed 61 percent of his first serves and won 70 percent of those points. Despite four double faults in that set, Van de Zandschulp was serving at 76 percent and winning 90 percent of those points.
Persons: Rafael Nadal’s, Botic van, Zandschulp, Rafael Nadal, Van de Zandschulp, Carlos Alcaraz, Tallon Griekspoor, Alcaraz, Marcel Granollers, Wesley Koolhof, Charlie Eccleshare, Matt Futterman, Carlos Moya, Jorge Guerrero, Nadal, Madrid Matt Futterman, Thomas Coex, Van de Zandschulp’s, couldn’t, “ Rafa, Rafa, , birthed Rafael Nadal Charlie Eccleshare, Taylor Fritz, Casper Ruud, ” Van de Zandschulp Organizations: Davis, Palacio, Deportes José María, Nadal, Getty, U.S ., Malaga, Getty Images, Wimbledon, Rafa Locations: MALAGA, Spain, Netherlands, Griekspoor, AFP, Madrid,
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