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Unlike Taiwan’s ubiquitous bubble tea, mixiang tea is still highly limited and largely off-the-radar. Mixiang tea goes globalNatalie Chiu and Charlie Winkworth-Smith, food scientists and founders of sparkling tea brand Saicho. The farmers couldn’t afford to lose their entire harvest, so they decided to go ahead and roast the bug-bitten tea leaves anyway. Lee says his Gui Fei tea is so popular it often sells out before it can even hit the retail market. Their two sons have joined the family business in recent years and help promote Gui Fei tea whenever they can.
Persons: Lee Ming, cheng, Gui Fei Oolong, Dong Ding Oolong, Oolong, Tea, Natalie Chiu, Charlie Winkworth, Smith, Saicho —, , Junjie Lin, , Lin, Winkworth, Chiu, they’re, Clint Liang, Liang, Dong Ding, “ Gui Fei, Gui Fei, Lee, Chiang, Kuo Huan, don’t, Kuo, Maggie Hiufu Wong, Lee Te Organizations: CNN, Saicho, Harrods, Michelin, Tokyo Chuo, Growers Locations: Nantou, British, Hong Kong, Taiwan, United Kingdom, London, Taipei, Fujian, Lugu, Tokyo, Hsinchu, it’s, Nantou County, Songshan District, Hualien
In a world where sentiment drives purchasing decisions, these differences in opinion could shape how much people end up spending this holiday season. "It's very hard being a millennial and having to worry about buying a house, affording groceries, rent, all that stuff. Meanwhile, Trump voter Armando Duarte, a 62-year-old retired utility worker from Fort Lee, New Jersey, told CNBC he's feeling a lot better about the holiday shopping season since Trump won. In GOP-won states, shipping volumes increased by 50.4% after the election, while Democrat-won states saw volumes decrease by an average of 11.2%. Only two blue states — Illinois and Minnesota — saw shipping volumes increase after the election, while all others saw rates fall.
Persons: Donald Trump, Kamala Harris, Harris, Amanda Davila, I'm, Davila, Trump, Armando Duarte, Duarte, Jobs, Meir Statman, University's Organizations: CNBC, Trump, Santa, University's Leavey School of Business, Shipping, GOP, Democrat Locations: Texas , Michigan , New Jersey , New York , Connecticut, North Carolina, Virginia, New York City, Fort Lee , New Jersey, — Illinois, Minnesota
"Dragon babies are, for the most part, intensely desired and prized by their parents. Seah said dragon babies will also have a tougher time looking for jobs after graduation. AdvertisementThe study also found that Chinese dragon babies were 2.3% less likely to gain admission to local universities in Singapore. But the latest crop of dragon babies may have it easier, with competition evening out as birth rates drop. Dragon babies might have once been subject to great pressure to exceed expectations, but Gietel-Basten says he'd be "surprised" if that same level of pressure would be applied to 2024's dragon babies as they grow older.
Persons: Jackson Koh, Koh, it'll, It's, Fatih Aktas, , Cheng Ong, Melissa Anne Lim, Lim, Kelvin Seah, Seah, Stuart Gietel, he'd, Basten, that's, Chen Qibao, Lee Hsien Loong, Lee, Qian Wenlan, Qian Organizations: Singapore's Nanyang Technological University, Getty, Singapore's Department of Statistics, National University of Singapore, NUS, Business, Singapore —, Hong Kong University of Science, Technology, Publishing, Getty Images, National Bureau of Statistics, Singaporean Locations: Singapore, Asia, Fatih, Anadolu, China, Basten, Getty Images China, China's, Xinhua, Seoul, South Korea
A snowstorm blanketed South Korea's capital on Wednesday and Thursday, photos show. Visitors enjoy the snow at the Gyeongbok Palace, one of South Korea's well-known landmarks, in Seoul. AP Photo/Lee Jin-manPhotos of the snowfall show South Koreans enjoying the unusual winter wonderland, the first snow of the season. Seoul, South Korea, after Wednesday's snowfall. AdvertisementThe snow caused travel chaos and road closures in South Korea.
Persons: Lee Jin, Ahn Young, joon, Yonhap, JUNG YEON Organizations: Visitors, AP, Jintaek, Getty, Reuters, Yonhap News Agency, CNN, Korea War Memorial Museum, Korea Meteorological Administration Locations: Seoul, South, South Korea, Xinhua, Wonju, Korea, Suwon
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
Final Trade: BABA, BA, BTC
  + stars: | 2024-11-27 | 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 EmailFinal Trade: BABA, BA, BTCThe final trades of the day with CNBC’s Melissa Lee and the Fast Money traders.
Persons: BABA, CNBC’s Melissa Lee Organizations: BTC, Fast Money
The White House is in touch with federal law enforcement and the President-elect’s team, and continues to monitor the situation closely. A federal law enforcement source said none of those targeted were protectees of the US Secret Service. “Anytime a Member of Congress is the victim of a ‘swatting’ incident, we work closely with our local and federal law enforcement partners. Lee Zeldin, Trump’s pick to lead the Environmental Protection Agency, posted on X about a pipe bomb threat targeting his home. “A pipe bomb threat targeting me and my family at our home today was sent in with a pro-Palestinian themed message.
Persons: Vance, Donald Trump’s, , , ” Karoline Leavitt, Trump, , Joe Biden, ” “, Jack Smith, Tanya Chutkan, Elise Stefanik, Lee Zeldin, Brooke Rollins Organizations: CNN, FBI, White, Service, Trump, New York, GOP, United Nations, U.S . Capitol Police, US Capitol Police, Environmental Protection Agency, Secret Service, Department of Homeland Security Locations: Saratoga County, Washington, York State, U.S
Higher fuel prices could be in the cards if President-elect Donald Trump follows through with his tariff threats on Canada, according to industry experts, who are skeptical on whether the new levies will ever be implemented. Trump on Monday pledged to implement additional tariffs on China, Canada and Mexico on day one of his presidency, according to his posts on social media platform Truth Social. He said he would sign an executive order on Jan. 20 imposing a 25% tariff on all imports from Canada and Mexico, a move that may breach the terms of a regional free trade agreement. Goldman Sachs' Co-Head of Global Commodities Research Daan Struyven said that if a 25% levy hit Canadian crude exports to the U.S. "that could, in theory, lead to some pretty significant consequences for three groups." U.S. refiners who rely on Canadian oil barrels could face lower profit margins, and consumers may potentially face higher prices, surmised Struyven.
Persons: Donald Trump, Goldman Sachs, Daan Struyven Organizations: Trump, Global Commodities, Daan, U.S . Energy Information Administration Locations: Canada, China, Mexico
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch Wednesday's full episode of Fast Money — November 27, 2024"Fast Money" is America's post-market show. Hosted by Melissa Lee and a roundtable of top traders, "Fast Money" breaks through the noise of the day, to bring you the actionable news that matters most to investors.
Persons: Melissa Lee
The death, at a hospice facility, was caused by cancer, his wife, Heather Crist Paley, said. A curator of the spirit of classic 1960s pop, Mr. Paley played many roles over an ever-evolving career. Later that decade, he banded with his younger brother, Jonathan, to form a highly regarded, if short-lived, pop duo, the Paley Brothers. With their winsome looks and mops of blond hair, they appeared in the pages of teen bibles like 16 Magazine and Tiger Beat and toured with the pop confection Shaun Cassidy. A skilled multi-instrumentalist, Mr. Paley often went on the road with his close friend Mr. Richman and filled in on keyboards on Patti Smith’s 1976 tour of Europe.
Persons: Andy Paley, Jerry Lee Lewis, Jonathan Richman, Brian Wilson, flameout, Heather Crist Paley, Paley, Billy Squier, Jonathan, Shaun Cassidy, Mr, Richman, Patti Smith’s Organizations: Beach Boys, Beat Locations: Colchester , Vt, Boston, Europe
Samsung Electronics on Wednesday announced changes in the leadership of its memory and foundry chip divisions, as the company faces intense competition in the semiconductor space. The South Korean tech giant appointed Jun Young-hyun as co-CEO and head of the memory chip arm, while Han Jin-man will become the president and head of the company's foundry business. Samsung Electronics was once the leading force in the memory chip sector, and appeared well-positioned to take advantage of the boom in artificial intelligence. Last month, Jun, who has been overseeing the semiconductor division since May, issued a rare apology after the company posted disappointing third-quarter profit guidance. Samsung's chip business posted a sharply lower third-quarter profit compared to the previous quarter.
Persons: Jun Young, Han Jin, Nam Seok Woo, Samsung Organizations: Samsung Electronics, South, Samsung, SK Hynix, Nvidia, Citi, Device Solutions
Anthony Wallace | Afp | Getty ImagesThe shipping industry is contending with a worldwide shortage of seafarers, and it's fueling a troubling mix of fake resumes, accidents at sea, and elevated freight rates. "We have been seeing a consistent shortage of seafarers," Rhett Harris, senior manning analyst at Drewry, told CNBC. The Philippines, China, Russia, Ukraine and Indonesia are the largest suppliers of the world's seafarers, according to the most recent seafarer workforce breakdown report by the International Chamber of Shipping (ICS) and BIMCO in 2021. Before Russia's invasion of Ukraine in February 2022, Russian and Ukrainian seafarers made up almost 15% of the global shipping workforce, ICS data showed. "Policymakers need to create national strategies to address the seafarer shortage," the shipping organization said.
Persons: Anthony Wallace, Rhett Harris, Harris, Daejin Lee, Henrik Jensen, Danica Crewing, FertiStream's Lee, Drewry's Harris, Jensen, Caitlin Ochs Organizations: Afp, Getty, Drewry, CNBC, International Chamber of Shipping, ICS, Group, , CVs Locations: Busan, Russian, Ukraine, Russia, Philippines, China, Indonesia, Iran, Red, New York
A TikTok influencer who allegedly shoplifted about $500 worth of items from Target and posted her haul on the social media app, where she has more than 360,000 followers, has been arrested and charged with petty theft. Velez regularly posts content about her life as a mom of two on her TikTok account. “Everything was documented,” Mercedes Phillips, a spokesperson for the department, said in a video posted to its Instagram account. While in the Lee County Jail, Velez is alleged to have said “lesson learned” multiple times, according to the probable cause affidavit. She could not immediately be reached at a number or an email address listed for her or through her TikTok account.
Persons: Marlena Velez, Velez, , , ” Mercedes Phillips, Phillips Organizations: Target, Cape Coral Police Department, Police, Facebook, Velez, Jail Locations: Cape Coral , Florida, Lee
Here are nine key senators to watch in the nomination battles. The incoming majority leader is nobody’s idea of an ultra-MAGA Republican, but he understands his assignment: advance the Trump agenda. Does he choose to be a heat shield for members who quietly want to buck Trump without doing so publicly? The answers will set the tone for a long-awaited new era facing the Senate GOP. Sen. Mitch McConnell, R-Ky.McConnell is the ultimate free agent as he relinquishes the job of Senate Republican leader after a record 18 years.
Persons: Donald Trump, Matt Gaetz, JD Vance, Sen, Susan Collins, Trump, Collins, Lisa Murkowski, Murkowski, Trump’s, That’s Lisa Murkowski’s, Wade, John Thune, Mitch McConnell, Ky, McConnell, Will McConnell, MAGA, He's, Gaetz, Tulsi Gabbard, Thom Tillis, Tillis, won’t, Bill Cassidy, Cassidy, Robert F, Kennedy Jr, , John Curtis, Mitt Romney, Curtis, Utah GOP Sen, Mike Lee, He’s, , Carlos Curbelo, “ I’m, ” Curtis, Will Curtis, Romney, John Fetterman, Fetterman, , that’s, Mehmet Oz, “ He’s, they’re, I’m, ” Sen, Jon Ossoff, He’ll Organizations: WASHINGTON, Republican, Republicans, Trump, Democratic, Collins, MAGA Republican, GOP, AG, NATO, Health, Education, Labor, Pensions, Human Services, Utah GOP, NBC News, Capitol, NBC Locations: Maine, Alaska, Roe, Russia, Trump's, North Carolina, Utah, R, Florida, Trump, Israel, Gaza, Georgia
Chabad’s website says he was abducted from Dubai – one of the seven emirates that make up the UAE. Relations between the UAE and Israel have thawed in recent years. In 2020, the UAE became the most prominent Arab nation in decades to open relations with Israel, under the US-brokered agreement known as the Abraham Accords. But Reuters says the public presence of Israelis and Jews has receded since the October 7 attacks. Jewish community members told the agency that informal synagogues in Dubai were closed in the wake of the attacks due to security concerns.
Persons: ” Zvi Kogan, Chabad’s, Israel, , Abraham Organizations: United Arab Emirates, Dubai –, CNN, UAE, Abraham Accords, Reuters Locations: Israel, Dubai, UAE, Israeli, Gulf
The central business district skyline at Marina Bay waterfront on May 10, 2023 in Singapore. Asia-Pacific markets are set to open higher on Tuesday, tracking gains on Wall Street as U.S. benchmarks notched record highs following President-elect Donald Trump's choice for Treasury secretary. Australia's S&P/ASX 200 traded 0.14% higher in its first hour of trade, after hitting a new all-time closing high on Monday. Japan's Nikkei 225 futures pointed to a stronger open for the market, with the futures contract in Chicago at 38,875 and its counterpart in Osaka at 38,830 compared to the previous close of 38,780.14. Hong Kong's Hang Seng index futures were at 19,245, higher than the HSI's last close of 19,150.99.
Persons: Donald Trump's, Australia's Organizations: Japan's Nikkei Locations: Marina, Singapore . Asia, Pacific, Chicago, Osaka
AdvertisementA TikTok influencer was arrested after an incident involving the theft of $500 of goods from Target. Police say they identified Marlena Velez, who has 360,000+ TikTok followers, through a video she posted. AdvertisementAccording to a news release, the Cape Coral Police Department in Florida responded to a report last Wednesday about a theft at a Target store in Cape Coral that occurred on October 30. AdvertisementThe Cape Coral Police Department shared photographs of the woman on social media to help identify her. According to the press statement, an anonymous tip received in response to the photos provided officers with information on 22-year-old social media influencer Marlena Velez and directed them to her Instagram handle.
Persons: influencer, Marlena Velez, Velez, Mercedes Phillips, Phillips, Marlena Valez Organizations: Target . Police, Target . Authorities, Cape Coral Police Department, Police, Coral Police Department, Business, Sheriff's Locations: Target, Florida, Cape Coral, Lee
The October personal consumption expenditures price index report has many investors wondering how it may impact the postelection market rally. "It definitely threatens the dynamic of the market broadening because it jeopardizes the speed at which the Fed drops interest rates," Lee told CNBC. "Right now, the markets are pricing out interest rates one by one. Bill Baruch, president of Blue Line Futures, sees opportunities in the currency and bond markets if core PCE rate reaches 3%. "This PCE report and the expectation for a December cut are going to create quite a bit of volatility in fixed income," Ethridge told CNBC.
Persons: Dow Jones, William Lee, Lee, Jimmy Lee, Victoria Greene, Greene, Bill Baruch, Baruch, Malcolm Ethridge, Ethridge, Goldman Sachs, Russell Organizations: Core PCE, Milken Institute, CNBC, Traders, Wealth Consulting, Nvidia, Meta, Microsoft, Wealth, Blue, Capital Area Planning, U.S . Bancorp Locations: financials
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're able to 'carve a competitive path' using the China Plus One strategy: IOI CEOLee Yeow Chor, CEO of IOI Corporation, says he is positive the palm oil-producing company won't be negatively affected by rising geopolitical tensions.
Persons: Lee Yeow Chor Organizations: China, IOI Corporation
Gold prices lost about 3% after President-elect Donald Trump picked Scott Bessent as his Treasury secretary, with reports of Israel and Hezbollah nearing a ceasefire deal also eroding the safe-haven metal's appeal. A potential Israel-Hezbollah ceasefire agreement and Bessent's appointment were the key contributors to the bullion selloff amid a risk-on sentiment, Shiels added. Higher interest rates tend to erode the appeal of non-interest bearing gold compared to Treasuries — a competing safe-haven asset. Gold prices fell to a two-month low right after Trump's victory before rebounding to the $2,700 levels. Similar to when the Middle East conflict first broke out, gold prices tend to react very sharply initially before correcting over time as economic factors come back into focus, Eckford added, maintaining that gold prices were still set to advance toward $3,000 in 2025.
Persons: Jerome Powell, Donald Trump, Scott Bessent, Nicky Shiels, Danny Danon, Israel, John Kirby, it's, Bessent, Daniel Ghali, Shiels, Ghali, Donald Trump's, Trump, Robert Eckford, Rua Gold, Eckford Organizations: Federal, New York Mercantile, MKS, House, Key, Shanghai Gold Exchange, Federal Reserve, CNBC Locations: Israel, Key U.S, Canada, Mexico, Russian, Ukraine
Watch Tuesday's full episode of Fast Money — November 26, 2024
  + stars: | 2024-11-26 | 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 EmailWatch Tuesday's full episode of Fast Money — November 26, 2024"Fast Money" is America's post-market show. Hosted by Melissa Lee and a roundtable of top traders, "Fast Money" breaks through the noise of the day, to bring you the actionable news that matters most to investors.
Persons: Melissa Lee
Final Trade: JWN, IWM, GCO, AMGN
  + stars: | 2024-11-26 | 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 EmailFinal Trade: JWN, IWM, GCO, AMGNThe final trades of the day with CNBC’s Melissa Lee and the Fast Money traders.
Persons: CNBC’s Melissa Lee Organizations: Fast Money
CNN —Can the green shoots of clean energy break through the “brown blockade”? Those huge current and planned investments in new manufacturing plants may represent the sole opportunity to preserve any elements of Biden’s blueprint for growing the domestic clean energy industry. Republican districts are slated to receive an equally large share of another $435 billion in clean energy projects that have been announced but not yet built, the analysis found. The US reliance on the fossil fuels driving climate change has been declining for years, but only at a modest pace. Yet interrupting that transition by repealing the federal policies benefiting clean energy remains a dangerous gamble.
Persons: Donald Trump, Trump, Joe Biden’s, Biden –, , Lori Lodes, , I’ve, Trump’s, Tammy Baldwin, John Fetterman, Kamala Harris, Chris Wright, , Lee Zeldin, Elizabeth Conley, , Jason Walsh, ” Lodes, Robert McNally, George W, Bush, McNally, Walsh, ” Walsh, Joseph Shapiro, Shapiro, EVs, Ben King, King, ” King, ” Shapiro Organizations: CNN, GOP, Republican, Climate Power, Trump, federal Energy Information Administration, Senate, Electoral College, Energy Information Administration, Democratic, Biden, ExxonMobil, Environmental Protection Agency, , Massachusetts Institute of Technology, Rosendin, Houston Chronicle, Power, BlueGreen Alliance, Republicans, Hyundai, Bloomberg, Getty, University of California Locations: America, United States, Wyoming , Louisiana, North Dakota, West Virginia, Alaska , Montana , Oklahoma, Texas, Iowa, Nebraska, Kansas, Ohio, Indiana , Michigan, Wisconsin, Massachusetts, New York, Virginia, Maryland, Washington , Oregon, California, West Virginia , Montana and Ohio, Pennsylvania, New Mexico, Michigan, – Michigan, Washington, Liverpool , Texas, Georgia, Ellabell , Georgia, Berkeley
A federal judge ruled Monday that a volleyball player for the San Jose State University women's team, who is at the center of controversy about transgender athletes, can compete in this week's conference tournament. Judge S. Kato Crews, with the U.S. District Court for the District of Colorado, denied the emergency motion for a preliminary injunction filed this month against the Mountain West Conference. "San José State University will continue to support its student-athletes and reject discrimination in all forms," the university said said. "All San José State University student-athletes are eligible to participate in their sports under NCAA and Mountain West Conference rules." The Mountain West Conference has said it is taking the suit’s allegations seriously.
Persons: S, Kato Crews, Jose's, Brooke Slusser, SJSU, Mitt Romney, Mike Lee, John Curtis, Blake Moore, Burgess Owens, Celeste Maloy of, Mike Crapo, James Risch, Russ Fulcher, Mike Simpson of, John Barrasso, Sen, Cynthia Lummis, Harriet Hageman of Organizations: San Jose State University women's, U.S, District of, Mountain West Conference, NBC, San Jose State, José State University, NCAA, West, West Conference, San, University of Nevada, Nevada, Utah State, Republican, GOP Locations: District of Colorado, San Jose State, Reno, San Jose , California, , Nevada, Southern Utah, Boise State , Wyoming, Utah, Sens, Celeste Maloy of Utah, Mike Simpson of Idaho, Harriet Hageman of Wyoming
Will Trump’s former defense lawyer protect the Justice Department from Trump? Justice Department attorneys now hope that Trump’s pick for the critical No. 2 position at the department — Todd Blanche, the president-elect’s defense lawyer — can help protect the department’s career civil servants from Trump. Blanche served as Trump’s lead criminal defense lawyer in the Stormy Daniels hush money case brought by Manhattan District Attorney Alvin Bragg. Incoming district attorney Nathan Hochman, who is set to take office Dec. 2, has said he needs to review the case before he makes a decision.
Persons: Todd Blanche won’t, Menendez, Will Trump’s, Mark Peterson, Matt Gaetz, Donald Trump’s, Trump, Pam Bondi, Todd Blanche, , Blanche, Daniels, Attorney Alvin Bragg, Blanche won’t, he’s, Read, Republican Sen, Bill Hagerty, , Ted Soqui, Ted Erik, Lyle Menendez’s, Kitty Menendez, George Gascón, Nathan Hochman, Ding Liren, Dommaraju, Leon Watson, Magnus Carlsen, Ryan Sun, AP Saquon Barkley, Greg Rosenstein, artment of, Fr e Organizations: Trump, Department, Justice Department, Manhattan, Attorney, DOJ, of, Republican, Cabinet, Trump’s Cabinet, Los Angeles District, Beverly Hills, Incoming, NBC News, Chess, AP, Eagles, ams, Fr Locations: Florida, Trump, Southern, York, Beverly, India, China, Singapore
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