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☆ Meet the 2 Australian chefs who walked away from top restaurants to serve up premium meals in nursing homes
▼ + stars: | 2024-12-10 | by ( Erin Liam | ) www.businessinsider.com time to read: +8 min

David Martin and Harry Shen are chefs from St Vincent's Care, a nursing home in Melbourne. The chefs understand that not all nursing homes have the budget, but they hope to raise standards. Martin, now 35, is an executive chef manager at St Vincent's Care, a nursing home facility in Australia. Apart from working under top chefs, including Donovan Cooke, Shen had also picked up shifts at Australian nursing homes in the past. AdvertisementThe chefs are well aware that not all nursing homes have the same luxuries of staffing and budgets to prepare premium meals.

Persons: David Martin, Harry Shen, Vincent's, Martin, hasn't, Donovan Cooke, Shen, St Vincent's, —, Gordon Ramsey, Michael Deane, Culinaire, Andrea Maier, Wee Shiou Liang, David Martin Martin Organizations: St, Mayo Clinic, Nursing, Michelin, World Health, Population, National University of Singapore's, Healthy, Gerontology, Singapore University of Social Sciences Locations: Melbourne, Australia, London, Kew, It's, Vincent's, New South Wales, Victoria

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

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

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

☆ Costco stock is not cheap. Here's why Jim Cramer says the premium is more than worth it
▼ + stars: | 2024-12-10 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

Another banner year for Costco shares has prompted some on Wall Street to question whether the stock is out over its skis. The longtime Club stock has trounced the market this year, advancing around 50%. On Tuesday, Wall Street firm Oppenheimer upped its price target on Costco shares to $1,075 each from $980, implying roughly 9% upside from Monday's close. Jim said Costco's subscription model, with impressive membership renewal rates above 90%, helps justify his long-term confidence in the stock. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jim Cramer, Oppenheimer, They're, LSEG, Jim, Jim Cramer's, Justin Sullivan Organizations: Costco, longtime Club, Wall, Bank of America, Jefferies, Investors, Shoppers, Walmart, Charitable Trust, CNBC, Netflix, Trust Locations: Costco, Richmond , California

During the first nine months of 2024, international arrivals worldwide reached 98% of pre-pandemic levels, compared to the same period in 2019, it said. The remaining 2% gap will close this month, according to the organization, marking a momentous shift in the industry into a new era of growth. Growth in the region during that timeframe was led by an increase of visitors to Qatar (+141%) and Saudi Arabia (+61%), it said. Epicenter of global growthInternational travel in Asia-Pacific may be lagging behind today, but it's expected to be the epicenter of global travel growth in the coming decades. 'Back with a vengeance'Global recovery has been thwarted by the slow return of two types of travelers: Chinese outbound travelers and business travelers.

Persons: Alan Watts, Hilton, Watts, Anthony Capuano Organizations: Council International Asia, Indonesia . Hospitality, Hilton's, Marriott International, Sheraton, CNBC Travel, Marriott Locations: U.N . Tourism, Qatar, Saudi Arabia, Africa, Europe, Americas, Asia, Pacific, Middle, China, India, Indonesia, Hilton's Asia, Vietnam, Japan, Southeast Asia

☆ The top 5 cities where Gen Z renters spend most of their income on housing—2 are in Florida
▼ + stars: | 2024-12-10 | by ( Judy Lagrou | In Judylagrou | ) www.cnbc.com time to read: +5 min

Here are 5 cities where the highest number of Gen Z renters are rent-burdened:While financial experts recommend limiting housing expenses to no more than 30% of income , this can be challenging in a number of cities where younger renters shoulder the heaviest load. Housing expenses in the analysis were not not limited to rent, Zillow Economist Kenny Lee tells CNBC Make It. In fact, nearly 6 out of 10 Gen Z renters (18- to 25-year-olds) are "rent-burdened," according to a recent Zillow analysis of U.S. Census Bureau American Community Survey data. This is common in this economy, says Lee, since many of the best-paying jobs for Gen Z are located in cities where the rent is most burdensome. Find a roommate"A lot of renters have been relying on finding roommates to split the cost of housing," says Lee.

Persons: Kenny Lee, Lee, you'll, It's, John Barlett, Bartlett, Gary Saharov Organizations: CNBC, Census, American, Survey, Gen, Metropolitan Tenants Organization, New York City Locations: Los Angeles, Miami, Chicago, Brooklyn, New York

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

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

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

☆ Marc Benioff says Big Tech's 'excessive' AI spending is a 'race to the bottom'
▼ + stars: | 2024-12-10 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +5 min

Marc Benioff said some of its rivals are in "a race to the bottom" with "excessive" AI spending. AdvertisementSalesforce's CEO says the company isn't spending as lavishly on AI as some of its tech peers — and he isn't worried about falling behind. Instead, Marc Benioff says the company will capitalize on the vast AI spending gap between it and some of its competitors and avoid a "race to the bottom." Benioff said some of Salesforce's competitors were "excessive" with their AI spending and "it's becoming a race to the bottom for some of these companies." He also highlighted that some have invested in nuclear energy and nuclear power plants.

Persons: Salesforce, Marc Benioff, —, Kara Swisher, Einstein, it's, Benioff, Kairos Power, Meta, Aravind Srinivas Organizations: Amazon Web Services, Google, Meta, Microsoft, Kairos Locations: Stanford

☆ Investors are dumping their biggest winners this week and buying losers
▼ + stars: | 2024-12-10 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

Investors are in the final stretch of 2024, and many are moving money from the year's big winners into the biggest losers. The 25 biggest laggards in the index year to date had a much better day. "Investors were selling winners and buying losers to quite an extreme degree." "American Airlines [is] closer to a have than a have-not," analyst David Vernon wrote in a note. AAL's ability to more easily pay down its debts enhances the company's outlook," Vernon wrote.

Persons: Russell, Wolfspeed, Lucid, it's, NVDA, Wolfe, Rob Ginsberg, Bernstein, David Vernon, Vernon, remunerations Organizations: Investment Group, Nvidia, Wolfe Research, Airlines, Citi Locations: China, Wall

☆ Kroger's $25 billion acquisition of Albertsons was blocked, marking a win for the FTC
▼ + stars: | 2024-12-10 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +2 min

Kroger's proposed $24.6 billion acquisition of Albertsons was blocked by a federal judge. The acquisition would be the largest supermarket merger in US history. Kroger's $24.6 billion proposed acquisition of Albertsons was blocked by a federal judge on Tuesday, marking a win for the Federal Trade Commission that could ultimately sink the deal. The acquisition would be the largest supermarket merger in US history. They also said the deal would lead to lower prices for some consumers, citing higher prices at Albertsons stores compared to Kroger.

Persons: Kroger's, Adrienne Nelson, Kroger, Matthew Wolf, Lina Khan Organizations: Albertsons, FTC, Federal Trade Commission, Business, Lawyers, Kroger, Walmart, Costco Locations: Oregon

☆ NBA execs are betting its in-season tournament will ignite interest after a slow TV ratings start
▼ + stars: | 2024-12-10 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

The NBA Cup, formerly known as the In-Season Tournament, begins knock-out stage play on Tuesday. NBA ratings are down 17% so far this season, but NBA Cup games have outperformed the general trend. AdvertisementDespite early-season ratings declines, there's been a bright spot: fans seem especially interested in the NBA Cup. "But we're definitely seeing some strength, especially when we have top matchups on — and certainly with the NBA Cup games." The NBA hopes that knock-out round games will draw stronger viewership than group-play games, like they did last year.

Persons: IBM's Jonathan Adashek Cord, NBA execs, Evan Wasch, there's, it's, Wasch, Jenny Whitlock, Tyrese Haliburton, LeBron James, what's, Whitlock Organizations: NBA, League, Business, Nielsen, Disney's ESPN, Comcast's NBC, BI, NFL, Indiana Pacers Locations: Las Vegas, New York, Atlanta, Orlando, Milwaukee, Seattle, Vegas, Sin

☆ Global airline revenue to top $1 trillion for the first time in history
▼ + stars: | 2024-12-10 | by ( Hanna Ziady | ) edition.cnn.com time to read: +3 min

London CNN —The global airline industry will likely rake in more than $1 trillion in revenue next year, as passenger numbers look set to hit an all-time high of 5 billion, the International Air Transport Association said Tuesday. IATA also predicted that airlines’ average profit per passenger would increase to around $7 next year, up sharply from just $2.25 18 months ago. IATA expects airlines in Africa, Latin America and the Asia-Pacific region to be less profitable than the industry average. Global conflicts are also driving costs higher because of the big stretches of airspace closed to commercial flights, Walsh said. The group, which acquired Hawaiian’s parent company in September, is targeting $1 billion in additional profit from the combined entity in 2027.

Persons: Willie Walsh, ”, Walsh, Biden, Trump, ” Walsh Organizations: London CNN, International Air Transport Association, Airbus, Boeing, Scientists, Aviation, Alaska Air Group, Alaska Airlines, Hawaiian Airlines Locations: Africa, Latin America, Asia, Pacific, United States, Seattle, Tokyo, Seoul

☆ When I was 14, I helped my parents take care of foster kids. Now, I'm child-free by choice.
▼ + stars: | 2024-12-10 | by ( Leslie Vooris | ) www.businessinsider.com time to read: +4 min

My parents kept our home open to foster kids, but their health deteriorated. AdvertisementWhen my classmates were dreaming of first kisses at 14, I was warming bottles at 3 a.m. and soothing colicky babies. I was a teenager in my neon green jumpsuit, thrust from foster child to foster mother in the span of a few years. My parents adopted me when I was 6 years old after fostering me and always kept our home open to four foster children, many with special needs. I'm child-free by choiceI'm not a mother in the traditional sense.

Persons: Benny Goodman, I'm, I've Organizations: Nestle

Taiwan on Monday said multiple formations of Chinese naval and coast guard vessels were moving in regional waters and around the Taiwan Strait. Beijing has not announced military drills or acknowledged the large-scale deployment cited by Taipei. Its naval forces, specifically, have significantly raised its posture around Taiwan and the Western Pacific,” Hsieh said. The maritime deployment was the largest since China began holding large-scale war games around Taiwan in the mid-1990s, according to the ministry. Visit to USThe Chinese military movement comes days after Lai made unofficial stops in Hawaii and Guam during a weeklong South Pacific tour, which wrapped Friday.

Persons: Lai Ching, Gen, Hsieh Jih, Sheng, Hsieh, ” Hsieh, Lai, Lai’s, ”, Beijing’s, Mao Ning Organizations: Hong Kong CNN, China, Taiwan’s Defense, Communist Party, General Staff for Intelligence, Taiwan Defense Ministry, People’s Liberation Army, PLA, CNN, China’s Defense Ministry, “, Taiwan, Foreign Ministry Locations: Taipei, Hong Kong, Taiwan Strait, Western Pacific, Taiwan, Hawaii, Guam, Beijing, Washington, ”, Japan, Philippines, Indonesia, Pacific, Zhejiang, Fujian, United States, China

☆ Stocks making the biggest moves premarket: Oracle, Alaska Air, MongoDB, HealthEquity and more
▼ + stars: | 2024-12-10 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

Oracle — The database software company slid roughly 7% after posting fiscal second-quarter earnings and revenue that lagged analysts' estimates. However, the stock posted a fiscal third-quarter earnings and revenue beat and raised its fourth-quarter forecast. MongoDB now expects its adjusted earnings to come in between 62 to 65 cents per share, higher than the per-share consensus of 58 cents, according to LSEG. The firm also guided for revenue of between $515 million to $519 million, against the expected $509 million. Alaska Air Group — The Seattle-based carrier guided 4Q results higher and set a $1b buyback, sending the stock 11% higher.

Persons: Michael Gordon, Bernstein, LSEG, Toll's, John Colantuoni, Jefferies, Centene, David Windley, Piper Sandler, Donald Trump, Brian Violino, Goldman Sachs, Goldman, — CNBC's Michelle Fox, Alex Harring, Yun Li, Sarah Min, Jesse Pound, Pia Singh Organizations: Oracle, Alaska Air Group, American Airlines, Revenue, eBay, Jefferies, Wedbush Securities, South, Cruise Locations: Seattle, Alaska, Tokyo, Seoul, Fort Worth, FactSet, China, South Texas, Miami

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

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

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

☆ Goldman's favorite retail stocks for 2025 including an under-the-radar discounter
▼ + stars: | 2024-12-10 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Goldman Sachs sees an improved path ahead for retail stocks and offered some ways to play the space. Managing director Kate McShane said retail stocks should continue to rise in 2025. Plus, some retail stocks should be helped by company efforts to build out alternative revenue streams, she added. In this environment, McShane told clients about long ideas that fit these themes and her favorite stock ideas within the space. However, after 2024's big run, the average analyst polled by LSEG sees shares pulling back about 5%.

Persons: Goldman Sachs, Kate McShane, McShane, Donald Trump, OLLI, FactSet, LSEG, AutoZone Organizations: President, Revenue, Walmart Locations: Pennsylvania, Minnesota, Williams, Sonoma

☆ Stocks making the biggest moves midday: Alphabet, SiriusXM, MongoDB, Alaska Air Group and more
▼ + stars: | 2024-12-10 | by ( Pia Singh | In | ) www.cnbc.com time to read: +4 min

Alphabet said this marks a major breakthrough in the field of quantum computing, leading shares 4% higher. Oracle — Shares dropped 8% after the cloud infrastructure company fell short of Wall Street's fiscal second-quarter expectations. SiriusXM — The radio operator tumbled 10% after the company appointed a new chief operating officer and announced cost-cutting initiatives. HealthEquity — The health savings account custodian gave a disappointing revenue forecast, saying it expects revenue between $1.275 billion to $1.295 billion for fiscal 2026. Analysts polled by FactSet expected a profit of $4.34 per share on revenue of $3.17 billion.

Persons: SiriusXM, Vail, Morgan Stanley, HealthEquity, FactSet, Piper Sandler, Mike Sievert, Centene, Jefferies, Bernstein, CoreCivic, Brian Violino, Donald Trump, Goldman Sachs, Goldman, —, Alex Harring, Hakyung Kim, Samantha Subin, Yun Li, Lisa Kailai Han, Jesse Pound, Michelle Fox Organizations: Oracle —, Alaska Air Group —, Alaska Air, Barclays, Mobile, Jefferies, eBay, American Airlines Group, American Airlines, Securities, Toll, Norwegian Cruise Locations: Tokyo, Seoul, Seattle, China, Norwegian

☆ Stocks making the biggest moves after hours: General Motors, Dave & Buster's, GE Vernova and more
▼ + stars: | 2024-12-10 | by ( Alex Harring | ) www.cnbc.com time to read: +1 min

General Motors said that it would no longer fund robotaxi development by self-driving car company Cruise. GM said it will instead turn its focus on advanced driver assistance systems and autonomous systems in personal vehicles. Dave & Buster's posted a loss of 84 cents per share on revenue of $453 million in the third quarter. That was worse than the Street's estimates for a loss of 37 cents a share and $466 million in revenue, per LSEG. GE Vernova also announced it would initiate a dividend of 25 cents per share and a $6 billion repurchase authorization.

Persons: Buster's, Chris Morris, GE Vernova, Skillsoft, Morgan Stanley, Cantor Fitzgerald, —, Darla Mercado Organizations: General Motors, Cruise, GM, Buster's, GE, FactSet, Rocket Pharmaceuticals, Leerink Partners, LifeSci

☆ Cincinnati Bengals offense cuts to the Chase as Dallas Cowboys are doomed by their own blocked punt
▼ + stars: | 2024-12-10 | by ( Kevin Dotson | ) edition.cnn.com time to read: +3 min

With both teams’ hopes of making the playoffs all but evaporated, the Dallas Cowboys and Cincinnati Bengals played like a couple teams with nothing left to lose. In the end, it was a Dallas blocked punt that actually doomed the Cowboys, who lost the game 27-20 in stunning fashion at home. The Cowboys fans at AT&T Stadium erupted as Nick Vigil blocked the Bengals’ punt, but delight turned to despair when the Cowboys’ Amani Oruwariye mishandled the blocked ball. Cincinnati Bengals running back Chase Brown jumped into the Salvation Army kettle after a touchdown catch against the Dallas Cowboys. York, who was just signed by Cincinnati on Wednesday, got to make his Bengals’ debut in front of his girlfriend, Dallas Cowboys cheerleader Zoë Dale.

Persons: ’, Nick Vigil, Amani Oruwariye, Oruwariye, Njongmeta, Chase Brown, Chase, Joe Burrow, ”, Burrow, Brown, Julio Cortez, Brandon Aubrey, Cade York’s, Zoë Dale, Jerry Jones, “, Ja’Marr Chase Organizations: CNN, Dallas Cowboys, Cincinnati Bengals, Cowboys, Dallas, Bengals, The Cowboys, T, Cincinnati, ” Bengals, Chase, Army, Cooper, York, ” Cowboys Locations: Dallas, Big

☆ Deutsche Bank names its top UK picks with compounding growth potential — and one has more than 50% upside
▼ + stars: | 2024-12-10 | by ( Ganesh Rao | ) www.cnbc.com time to read: +1 min

Deutsche Bank has named seven London-listed companies in the business services sector as its "top picks for 2025," highlighting stocks with strong growth potential and defensive characteristics in an uncertain market environment. The investment bank highlighted Diploma , Experian , JTC , PageGroup , Renew Holdings , Rentokil , and XPS Pensions Group as companies positioned for sustained growth. Among the picks, recruitment firm PageGroup stands out for having the highest potential upside at more than 50%, with Deutsche Bank giving it a price target of 5,500 pence. Deutsche Bank acknowledged that PageGroup is a cyclical stock, meaning it is likely to rebound when economic activity takes off. Deutsche Bank also described Diploma, a key supply chain and distribution company, as a "top compounder" that's "well placed for 2025."

Persons: PageGroup, Donald Trump Organizations: Deutsche Bank, Holdings Locations: London, U.S

☆ It's not just the US. Housing around the world is more expensive than it was prior to the 2008 peak, the IMF says.
▼ + stars: | 2024-12-10 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Housing around the world is the most unaffordable it's been in decades, the IMF said. AdvertisementHousing affordability is lower than levels recorded prior to the 2008 financial crisis, according to a new analysis of 2023 housing data. In the US, mortgage rates have climbed in recent years, influenced by the Fed's rate-hiking cycle as it fought high inflation. AdvertisementZillow thinks home prices could rise 2.6% in 2025, while mortgage rates could remain elevated, but see "choppy" swings. Redfin, meanwhile, saw home prices rising another 4% next year, while mortgage rates remain stuck near 7%.

Persons: it's, —, Fu, Deniz Igan, Freddie Mac, Igan, Zillow, Redfin Organizations: Monetary, IMF, IMF's Finance, Development

☆ 12-year-old boy dead after falling through ice in Albany, New York. 11-year-old girl in critical condition after trying to save him.
▼ + stars: | 2024-12-10 | by ( Dawn Sawyer | ) edition.cnn.com time to read: +5 min

CNN —An 11-year-old girl was left fighting for her life and a 12-year-old boy died after falling into the ice of Washington Park Lake in Albany, New York, on Saturday. The boy was found dead at the scene, and the girl is in critical condition after falling in while trying to save him. She was listed in critical condition as of Sunday, according to a statement from North Albany Middle School. There was also a specialized water unit with water rescue equipment dispatched to the scene, Albany Chief of Fire and Emergency Services Joseph Gregory told the Times Union. “This is a terrible tragedy, and we are grieving as a school community.”The Albany school district is providing crisis services for students and school employees needing support after the accident, according to the school district.

Persons: Joseph Gregory, ” Gregory, Kathy Sheehan, ” Sheehan, “, Joseph Hochreiter, ” Mayor Sheehan, WRGB, Gregory, ” Organizations: CNN, Albany Police Department, Times Union, Albany Medical Center Hospital, Albany Middle School, New York, Police, Emergency, Officers, Washington Park Conservancy, Team, ” City School District, North Albany Middle School, Albany Police, WRGB, Parks and Recreation Association, ” Locations: Washington, Lake, Albany , New York, Albany, ”

☆ China's November imports post surprise drop; sharpest decline in 14 months
▼ + stars: | 2024-12-10 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +2 min

Analysts had expected imports to grow 0.3%. Exports rose 6.7% in U.S. dollar terms from a year ago, sharply lower than the 12.7% growth in the previous month. Analysts in a Reuters poll had expected exports to climb 8.5% from a year ago in November. The country's rare earths imports declined over 20% from the year before to 11,327 tons. The country announced a new policy in July to step up its oversight of the domestic rare earths industry over national security concerns.

Persons: Huang Organizations: Qingdao Port, Capital Economics, Union and Association of Southeast, Nations, ASEAN, European Union Locations: Qingdao, China, Russia

☆ Now that Syria is free of its dictator, the rebels’ biggest challenge is to learn how to govern
▼ + stars: | 2024-12-10 | by ( Mostafa Salem | ) edition.cnn.com time to read: +8 min

CNN —The sound of celebratory gunfire filled the streets of Damascus in the hours following the collapse of President Bashar al-Assad’s regime. At least 28 people were killed by that celebratory gunfire, the Syrian health minister told Al-Arabiya news channel. People shoot in the air as they celebrate the fall of the Syrian government in Damascus, Syria on Sunday. After the capture of Damascus, the rebels instructed Assad’s Prime Minister Mohammad Ghazi al-Jalali to continue his duties alongside his cabinet until a transitional team is assigned. ‘Anyone is better than Assad’Residents of Damascus told CNN they were happy Assad is gone but remained concerned over the Islamist ideology followed by the rebels.

Persons: Bashar al, Tahrir, Ugur, …, ”, Assad, Mohammad Ghazi al, Jalali, Industry Mohammad Samer al, Khalil, ” Jalali, ‘ we’ll, ’, “, Abu Mohammad al, Ahmad Al Sharaa, Al Qaeda’s, Louai Beshara, ” Al, Jolani, Aaron Y, Hayat, Abu Mohammed al, Abdulaziz Ketaz, Assad ’, Al Jolani, Ranim, we’ve Organizations: CNN, Islamist, Al, Assad’s, Sky News Arabia, Assad government’s, Industry, US, ISIS, Getty, Syrian Salvation Government, Washington Institute Locations: Damascus, Arabiya, Syria, Israel, Moscow, Homs, Al Qaeda, Iraq, AFP, Idlib, Aleppo, “, UN, Hayat Tahrir, Umayyad, Sunday, Turkey, Kurdish, Iran

☆ ‘No winners’: China’s Xi warns US against a trade war
▼ + stars: | 2024-12-10 | by ( Juliana Liu | ) edition.cnn.com time to read: +4 min

Hong Kong CNN —Chinese leader Xi Jinping has warned the United States against restarting a trade war, saying there would be “no winners” even as he vowed to defend the country’s economic interests. “Tariff wars, trade wars, and technology wars go against the historical trend and economic laws, and there will be no winners,” Xi said according to state broadcaster CCTV. China has always believed that only when China is good can the world be good. “We doubt this marks an end to China’s recent export boom,” Zichun Huang of Capital Economics wrote in a research note. “It is likely that China would continue to improve trade relations through lower export tax rebate and clearer rules including government procurement,” Citi economists wrote on Monday.

Persons: Xi Jinping, Xi, Donald Trump, ” Xi, Jake Sullivan, Biden, Trump, “, Zichun Huang, ”, Economists Organizations: Hong Kong CNN, World Bank, International Monetary Fund, Nvidia, US National Security, NBC, China’s Foreign, Reuters, Capital Economics, Communist, ” Citi Locations: China, Hong Kong, United States, Washington, Beijing, “

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