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A 30-year-old Hawaii woman at the center of a missing persons search in Los Angeles willfully crossed into Mexico, seemingly as part of her desire to "disconnect," police said Monday. He said that detectives can't say they're "100% right" about their determination but that they know she didn't have her phone after she left Los Angeles International Airport. That day, family members said, she sent messages that concerned them because of their content and a voice that didn't seem to match hers. McDonnell said Kobayashi was reported missing Nov. 13, but the LAPD took over the case on Nov. 15. The Los Angeles County medical examiner said Ryan Kobayashi, 58, died as a result of multiple blunt force trauma injuries.

Persons: Hannah Kobayashi, she's, Jim McDonnell, McDonnell, Kobayashi, Douglas Oldfield, misstated, Aunt Larie Pidgeon, Sydni Kobayashi, Hannah, Pidgeon, Relatives, Kobayashi's, they're, Ryan Kobayashi, they’ve Organizations: Los Angeles Police, Los Angeles International Airport, NBC Los, Los Angeles Police Commission, Los Angeles International Airport Police Department, FBI, Police, NBC, LAX Police, LAX, New York City's Museum of Modern, Metro, Facebook, Greyhound, LAPD, . Customs, Border, Prevention Locations: Hawaii, Angeles, Mexico, Maui, NBC Los Angeles, New York City, Los Angeles, Honolulu, New, New York, Grove, Beverly Grove, South Los Angeles, San Diego's San Ysidro

☆ Senate approves promotion for general involved in Afghanistan exit after a Republican blocked it
▼ + stars: | 2024-12-03 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Frank-Thorp-Circle-Byline-Template.Jpg | Frank Thorp V | ) www.nbcnews.com time to read: +1 min

WASHINGTON — The Senate voted Monday to approve the promotion of a general who oversaw troops during the U.S. withdrawal from Kabul, Afghanistan, after it had been blocked by a Republican senator aligned with President-elect Donald Trump. The Senate voted by unanimous consent, meaning all 100 senators agreed, to approve Army Lt. Gen. Christopher Donahue's promotion to four-star general to oversee U.S. Army forces in Europe. Sen Markwayne Mullin, R-Okla., had blocked Donahue’s promotion, NBC News reported last month, citing a Senate aide. Donahue, who was commander of the 82nd Airborne Division during the Kabul withdrawal in 2021, was the subject of a viral photograph as the last soldier to board a U.S. military plane out of Afghanistan. An inspector general's report in 2022 found that decisions by both Biden and Trump contributed to the troubled exit from Afghanistan.

Persons: WASHINGTON, Donald Trump, Christopher Donahue's, Sen Markwayne Mullin, Mullin, Trump, Mullin's, Donahue, Joe Biden's Organizations: Republican, The, U.S, Army, NBC News, 82nd Airborne Division, Republicans, Congress, Islamic, Biden Locations: Kabul, Afghanistan, Europe, U.S

The sweeping pardon means Hunter Biden won’t face any punishment for criminal convictions in two separate cases, one involving gun charges, the other tax evasion. “They took a gamble that didn’t play out as they hoped,” former Justice Department spokesman Anthony Coley said. If he follows through, Trump may try to blunt the fallout by invoking the Biden pardon. “Joe Biden's pardon of Hunter Biden proves President Trump's signature campaign promise to end the weaponization of our justice system needs to happen,” she said, adding: “President Trump has made that promise. A judge has already ruled there is no merit to the idea that Hunter Biden is a victim of selective prosecution.

Persons: Donald Trump, Joe Biden, Hunter Biden, Biden, ”, Sen, Joe Manchin, Tommy Tuberville, I'd, Trump, he’s, “, David Weiss, Anthony Coley, Ty Cobb, Karoline Leavitt, “ Joe Biden's, Trump's, He's, Chris Kofinis, MAGA, Pam Bondi, Robert H, Jackson, it’s Biden, Mark Scarsi, Hunter Biden “, it’s Trump, Greg Stanton, …, ” Sen, Gary Peters, It’s, Peters, Karine Jean, Pierre, Biden hadn't, Douglas Brinkley, there's Organizations: WASHINGTON, Trump, NBC, Justice, Democratic, Capitol, Trump White House, Fox News, “, Justice Department, Department, U.S, Prosecutors, District, Biden, Pew Research Center, Department of Justice, White, Air Force, Rice University presidential Locations: U.S, Delaware, crosshairs

☆ Rockefeller Christmas tree lighting 2024: When it is, how to watch and what to know
▼ + stars: | 2024-12-03 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Dennis-Romero-Circle-Byline-Template.Jpg | Dennis Romero | ) www.nbcnews.com time to read: +5 min

The holiday season seems to get real with the Christmas tree lighting ceremony at Rockefeller Center in New York City every year. Kelly Clarkson, the musician and host of a talk show taped at Rockefeller Center, will return to host the lighting ceremony and its television special, “Christmas in Rockefeller Center." There’s nothing like it in the world, especially the tree lighting ceremony." Workers install the Rockefeller Center Christmas tree in New York City on Nov. 9. It’s a 74-foot tall, 43-foot-wide Norway spruce from West Stockbridge, and it arrived at Rockefeller Center on Nov. 9, according to the website for Rockefeller Center.

Persons: Kelly Clarkson, Clarkson, Charlie Brown, Stephanie Keith, Peacock, Mario Lopez, Natalie Pasquarella, David Ushery, Navidades, ”, Daniel Libeskind, Jennifer Hudson, Dan, Shay, Megan Hilty, Thalia, Hoda Kotb, Al Roker, Craig Melvin, It’s, Earl Albert, Leslie, Albert Organizations: Rockefeller Center, New York City, Universal Studios, Workers, Rockefeller, NBC, Telemundo, National Weather Service, Backstreet Boys, Radio City, Radio City Music Hall, Savannah Guthrie, Habitat Locations: New York City, New York, Universal City , California, NBC New York, Massachusetts, Norway, West Stockbridge

☆ Trump says he’s going to Paris in his first trip abroad as president-elect
▼ + stars: | 2024-12-03 | by ( Zoë Richards | Olympia Sonnier | ) www.nbcnews.com time to read: +1 min

President-elect Donald Trump on Monday announced plans to travel to Paris this weekend in what would be his first trip overseas since his November election win. "President Emmanuel Macron has done a wonderful job ensuring that Notre Dame has been restored to its full level of glory, and even more so. The trip marks the president-elect's first known trip outside of the U.S. since May 2023, when he visited his golf properties in Ireland and Scotland. While restoration efforts will likely be ongoing for years, Notre Dame is set to welcome visitors on Dec. 7. French President Emmanuel Macron is expected to deliver remarks that day and attend the consecration of the altar during a Mass presided over by the Archbishop of Paris Laurent Ulrich on Dec. 8.

Persons: Donald Trump, Trump, Emmanuel Macron, elect's, Archbishop, Paris Laurent Ulrich Organizations: Monday, Notre Dame Cathedral, Notre Dame Locations: Paris, France, U.S, Ireland, Scotland

And the sleuths, who have aided in those cases, have identified hundreds more rioters who weren’t featured on the Capitol Violence page and may never face justice. "Old Double Shot" uses chemical spray on police at the U.S. Capitol on Jan 6, 2021. “Old Double Shot” is one of the sleuths’ earliest identifications; they say they gave it to the FBI more than 3½ years ago. His image did appear in another Jan. 6 affidavit, NBC News reported in February, but “Old Double Shot” has never been arrested. Images of “Old Double Shot” never appeared on the FBI’s Capitol Violence website, which typically features photos of persons of interest who haven’t yet been identified to the FBI.

Persons: Donald Trump, Jan, Trump, sleuths, ”, Michael Koetting, Springfield, haven’t, “, Enrique Tarrio Organizations: WASHINGTON, White, Justice Department, NBC, Capitol, FBI, NBC News, U.S . Capitol, U.S, District of Columbia, Tea Party, Trump, Koetting Insurance, BBC, “, Violence, Proud Boys Locations: Germantown , Illinois, “, Illinois

☆ 3 people killed when 8 shot at a gathering in Chicago's Gage Park neighborhood
▼ + stars: | 2024-12-03 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Dennis-Romero-Circle-Byline-Template.Jpg | Dennis Romero | ) www.nbcnews.com time to read: +1 min

Eight people were shot, three fatally, Monday afternoon during a "social gathering" at a residence in Chicago's Gage Park neighborhood, a police official said. Chicago Police Chief of Patrol John Hein said that the shooting happened while a social gathering was taking place. Police investigate multiple shootings in Chicago's Gage Park neighborhood on Monday. NBC ChicagoThe victims, four men and four women, are 20 to 35 years old, Hein said. All of the deceased were men, Hein said.

Persons: John Hein, Hein Organizations: Chicago Fire Department, NBC Chicago . Chicago Police, Police, NBC Chicago Locations: Chicago's Gage

☆ Elon Musk can still see his net worth increase by billions even after his pay package was thrown out
▼ + stars: | 2024-12-03 | by ( Chris Isidore | ) edition.cnn.com time to read: +9 min

He remains one of the richest people on the planet, if not the richest, even with the loss of a 12-figure pay package. With the package thrown out, Musk has essentially not been paid since the last of the stock options awarded to him in a 2012 pay package vested in 2018. There were undoubtedly a range of healthy amounts that the board could have decided to pay Musk,” she wrote. Get a new pay packageRather than settle for slightly less, Musk could negotiate an entirely new pay package starting this year. Even before the decisions against his 2018 pay package, Musk had been talking about his desire for a new pay package that would give him even more control over Tesla.

Persons: New York CNN — Elon, isn’t, he’s, Chancellor Kathaleen McCormick, Kimbal, McCormick, cosplaying, Musk, shouldn’t, — he’s, Donald Trump, Elon Musk, Brandon Bell, she’s, ”, Tesla, ” Musk, Julia Demaree Nikhinson, Forbes, Jeff Bezos, Mark Zuckerberg, Trump, Carlos Barria Organizations: New, New York CNN, SpaceX, Boring, Tesla, “, of, Bloomberg, Forbes, Facebook, Elon, America, Reuters, Invest, Microsoft, Apple Locations: New York, Delaware, Tesla, Meatpacking, of Manhattan, Texas, Bezos, Palm Beach , Florida

☆ Opinion | Rahm Emanuel’s Plan for a Democratic Comeback in 2026
▼ + stars: | 2024-12-03 | by ( Ezra Klein | ) www.nytimes.com time to read: +3 min

And it was about the question of whether Bernieism was a way forward for the Democratic Party. Rahm Emanuel is America’s ambassador to Japan. Archived clip of Rahm Emanuel: You never want a serious crisis to go to waste. Archived clip of Rahm Emanuel: From every corner of the country, the American people have sent a resounding and unmistakable message of change and new direction for America. Archived clip of Rahm Emanuel: There’s an old saying that if you want to make an omelet, you have to break a few eggs.

Persons: Faz Shakir, Bernie Sanders’s, Bernieism, Rahm Emanuel, Emanuel, Barack Obama’s, Obama’s, Obama, Dodd, Frank, Barack Obama, it’s, George W, Bush’s, Katie Couric, Bill Clinton’s, There’s, Clinton, David Axelrod, Steve Israel, Bill Clinton Organizations: Democratic Party, Affordable, Democratic Congressional, America, Democratic, Democratic National Committee, House Democrat Locations: Japan, Chicago

☆ Jaguar releases a concept for its new EV model after a controversy over its rebranding — which didn't feature a car
▼ + stars: | 2024-12-03 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +7 min

Now, the luxury British carmaker has filled in some of the blanks regarding its new identity by revealing a concept car at Miami Art Week. A front view of Jaguar's concept car. A side-view of Jaguar's concept car. JaguarThree brass lines run through the length of the concept car, with one right down the middle. JaguarAn interior view of Jaguar's concept car.

Persons: Constantino Segui Gilabert, Tom Holden, flack, Elon Musk, Jaguar's, Rawdon Glover, —, he's, Sir William Lyons, India's Tata, Glover Organizations: Miami Art, Jaguars, EV, Financial Times, SS, SS Cars Limited, Getty, India's, India's Tata Motors, Rover

☆ Americans get less ‘alone time’ during the holidays, but more than 50% say it’s critical to their mental health, new survey finds
▼ + stars: | 2024-12-03 | by ( Julianna Bragg | ) edition.cnn.com time to read: +6 min

Forty-six percent of Americans say they get less alone time during the holidays, according to a new survey commissioned by The Ohio State University Wexner Medical Center and College of Medicine, released on Tuesday. To figure out whether alone time energizes or depletes you, Durvasula suggests dedicating a full day or weekend to just yourself and observing how it affects your emotions. To unwind while alone, Lazarus suggests activities including journaling, meditating, exercising and listening to music to help replenish yourself and be more present when reconnecting with others. In fact, 36% of people say they are more irritable because they don’t get enough alone time, the survey found. “We often don’t get to turn down the volume on that constant state of social monitoring and social calibration,” Durvasula said.

Persons: —, I’ve, I’m, “, ”, Sophie Lazarus, it’s, Ramani, Durvasula, Lazarus, ” Durvasula, Fallon Goodman, ” Goodman, ” Lazarus Organizations: CNN, The Ohio State University Wexner Medical Center, College of Medicine, Ohio State, California State University , Los, George Washington University, DC Locations: California State University , Los Angeles

☆ Trump's Labor Secretary pick is winning Democratic praise — and GOP skepticism
▼ + stars: | 2024-12-03 | by ( Bryan Metzger | Juliana Kaplan | ) www.businessinsider.com time to read: +6 min

"Oftentimes, you'll get a nominee out of a Republican administration who has had an anti-labor record," said Democratic Sen. Tim Kaine of Virginia. Advertisement"I've only heard good things," said Democratic Sen. John Fetterman of Pennsylvania. Several Democratic senators have offered conditional praise for Chavez-DeRemer, indicating that they're willing to support her nomination if she commits to strengthening labor unions in her new position. And in recent years, organized labor and labor unions have enjoyed a bipartisan resurgence of support. I think the PRO Act is not good policy," said Republican Sen. Ted Cruz of Texas.

Persons: Trump, Lori Chavez, She's, That's, —, Donald Trump, Kamala Harris, she's, you'll, Democratic Sen, Tim Kaine, Chavez, Republicans who've, cosponsor, John Fetterman of, Sen, Bill Cassidy, Bill Cassidy of, Kayla Bartkowski, Republican Sen, Ron Johnson, DeRemer, Trump Chavez, JD Vance, Ohio, Josh Hawley, Fetterman, NLRB, Ron Wyden, Elizabeth Warren of, Warren, Hawley, Johnson, Ted Cruz Organizations: Labor, Democratic, Republicans, Republican, PRO, Senate Health, Education, Pensions, Boston Globe, Getty, Trump, GOP, National Labor Relations Board, Oregonian, Senators Locations: Oregon, Virginia, John Fetterman of Pennsylvania, Congress, Bill Cassidy of Louisiana, Ron Johnson of Wisconsin, Sens, Missouri, America, Elizabeth Warren of Massachusetts, cratering, Ted Cruz of Texas

☆ CNBC Daily Open: Investors are filled with the festive spirit
▼ + stars: | 2024-12-03 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

This 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 Wall Street bank just refreshed its list of global stocks, including three it gave potential upside of more than 40% . $56 billion package for Musk denied Tesla CEO Elon Musk failed to get his $56 billion 2018 pay package reinstated. "The holiday season is in full swing and spirits seem bright, at least among investors," UBS wrote in a Monday note.

Persons: Goldman Sachs, Elon Musk, Pat Gelsinger, David Zinsner, MJ Holthaus, Gelsinger, Jay Hatfield, —, Hatfield, Oppenheimer, John Stoltzfus, Savita Subramanian, Lisa Kailai Han, Alex Harring, Pia Singh Organizations: CNBC, Intel, Investors, Nasdaq, Dow Jones, UBS, Conference Board, downer, Investment, Bank of America Locations: Delaware

☆ Donald Trump Jr. is set to join the board of a ‘woke-free’ marketplace. Its stock is surging
▼ + stars: | 2024-12-03 | by ( Matt Egan | ) edition.cnn.com time to read: +3 min

New York CNN —The owner of “woke-free” online marketplace PublicSquare exploded in value on Tuesday on news that Donald Trump Jr. is joining the tiny company’s board of directors. A person familiar with the matter confirmed to CNN that Trump Jr. is set to join the board of PSQ Holdings, PublicSquare’s parent company. The arrival of Trump Jr. was first reported by Bloomberg News. Malik is the president of 1789 Capital, an anti-ESG venture capital firm that Trump Jr. has reportedly joined. It is also obvious that we must stop buying Chinese drones and Chinese drone parts,” Trump Jr. said in the press release.

Persons: “, Donald Trump Jr, Trump, Michael Seifert, PublicSquare, “ America’s, Seifert, Nick Ayers, Mike Pence, Kelly Loeffler, Blake Masters, Omeed Malik, Malik, Steve Sosnick, ” “ Don Jr, ” Sosnick, ” Trump, Donald Trump Organizations: New, New York CNN, CNN, Trump, PSQ Holdings, Trump Jr, Bloomberg News, America, Bank of America, Interactive, Orlando, USA Locations: New York, Palm Beach , Florida, China, Beijing, Russia

☆ Larry Ellison is investing up to $165 million to turn University of Oxford science research into products
▼ + stars: | 2024-12-03 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +3 min

AdvertisementLarry Ellison plans to invest up to $165 million into research at the University of Oxford. The Ellison Institute of Technology is opening a campus in Oxford in 2027. Larry Ellison is betting big on research and development in the UK by investing at least $127 million through his technology institute to help turn scientific discoveries at the University of Oxford into products. "This long-term, strategic partnership with the University of Oxford is at the heart of delivering on that goal," he added. The Oracle cofounder, now the world's fourth richest person, founded The Ellison Institute of Technology as a research and development center for healthcare.

Persons: Larry Ellison, Ellison, Irene Tracey, Sir John Bell, EIT, Bell, Lord Patrick Vallance, David Organizations: University of Oxford, Ellison Institute of Technology, Oracle, supercomputing, Paramount Locations: Oxford, EIT Oxford

☆ South Korean won falls sharply against the U.S. dollar after president declares martial law
▼ + stars: | 2024-12-03 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

A television screen shows a news broadcasting of South Korean President Yoon Suk Yeol delivering a speech on emergency martial law, in Goyang, northwest of Seoul, on December 3, 2024. South Korea's won on Tuesday fell sharply against the U.S. dollar shortly after President Yoon Suk Yeol declared an emergency marital law. The U.S. dollar traded up as much as 2.7% against the won, before paring gains. Speaking during an unannounced televised briefing, South Korea's Yoon accused opposition lawmakers of controlling the parliament and throwing the country into a political crisis. Martial law refers to the temporary imposition of military authority over a civilian population, typically during a time of emergency.

Persons: Yoon Suk, South Korea's, Yoon Suk Yeol, Korea's Yoon, Yoon, hasn't Organizations: South, U.S, U.S . Locations: Goyang, Seoul, Republic of Korea, Korean, Asia's

☆ Intel begins the search for its next CEO
▼ + stars: | 2024-12-03 | 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 EmailIntel begins the search for its next CEOCNBC's Seema Mody joins 'Closing Bell' to discuss what's next for chipmaker intel as the company searches for a new CEO.

Persons: CNBC's Seema Mody, what's Organizations: Intel, intel

☆ Intel shares slide as Gelsinger exit leaves chipmaker without a 'quick fix'
▼ + stars: | 2024-12-03 | by ( Ari Levy | ) www.cnbc.com time to read: +3 min

Intel CEO Pat Gelsinger speaks while holding a new chip, called Gaudi 3, during an event called AI Everywhere in New York, Thursday, Dec. 14, 2023. Intel shares fell more than 5% on Tuesday, a day after the embattled chipmaker announced the ouster of CEO Pat Gelsinger, whose four-year tenure was marred by market share losses and a major miss in artificial intelligence. At the same time, Intel has refocused much of the company into becoming a foundry, manufacturing processors for other chipmakers. "A lot of the problems recently have been caused by the insistence on the foundry business," Chris Danely, an analyst at Citi Research, told CNBC's "Money Movers" on Monday. Danely added that "the clock started ticking on Pat" when the foundry business showed significant margin shrinkage over the summer.

Persons: Pat Gelsinger, Gaudi, David Zinsner, MJ, expeditiously, Gelsinger, Frank Yeary, Cantor, Bob Swan, Chris Danely, CNBC's, They're, Gelsinger's, —, Rohan Goswami, Kif Leswing Organizations: Intel, chipmaker, Nvidia, Devices, Citi Research Locations: New York

☆ Mike Bloomberg warns making RFK Jr. HHS secretary risks killing Americans, urges Senate to reject him
▼ + stars: | 2024-12-03 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +3 min

"Just imagine if RFK Jr. had been in office during Trump's first term," Bloomberg said at the Bloomberg American Health Summit in Washington D.C."Would Operation Warp Speed have even happened? RFK Jr. initially ran for president in 2024 as a Democrat, but switched to an independent bid and later dropped out to endorse Trump. Bloomberg in Tuesday's speech appealed directly to U.S. senators not to confirm RFK Jr. to the Cabinet role in the next Trump administration. Bloomberg expressed hope that Senate Republicans will convince Trump to reconsider nominating RFK Jr. before they are asked to weigh in. But RFK Jr. has taken a similar tack, endorsing a plan that he says is intended to "Make America Healthy Again" alongside Republicans.

Persons: Michael Bloomberg, Mike Bloomberg, Robert F, Kennedy Jr, Donald Trump's, Trump's, Bloomberg, Kennedy's, Trump, Kennedy Organizations: New York City, U.S Conference, Mayors, Billionaire, RFK, Bloomberg American Health Summit, Washington D.C, New, Bloomberg, RFK Jr, U.S, Republicans, Department of Health, Human Services Locations: Washington ,, Washington, New York City, U.S

☆ I lost all my belongings in a storage unit fire after a break-up. It made me rethink my relationship with material things.
▼ + stars: | 2024-12-03 | by ( ) www.businessinsider.com time to read: +7 min

This is an adapted excerpt from her book "Lost & Found: Nine Life-Changing Lessons About Stuff From Someone Who Lost Everything." All of it — furniture, sentimental stuff, books — was packed up in a storage unit. On New Year's Eve, that storage unit, well…everything's gone." A survey in the UK asked adults to list what they got for Christmas the prior year, and over half couldn't remember a single thing they had received. Excerpted from "Lost & Found: Nine Life-Changing Lessons About Stuff From Someone Who Lost Everything" by Helen Chandler-Wilde.

Persons: Helen Chandler, Wilde, —, I've, There's, everything's, pricking, Count Organizations: Bloomberg, BBC, Chronicle Books Locations: London

☆ Italy bans Airbnb self-check-ins
▼ + stars: | 2024-12-03 | by ( Barbie Latza Nadeau | ) edition.cnn.com time to read: +3 min

For travel tips, recipes and more insight on Italian culture, sign up for CNN’s Unlocking Italy newsletter. This eight-part guide will have you packing your bags in no time. Rome CNN —The days of arriving late at an Airbnb in Italy and opening up the key box to let yourself will soon be over after the country issued a ban on self-check-ins under a new law it says is needed to combat potential terrorism. The ban represents a tightening up of Italian law. Local governments have already welcomed the move, which comes on the heels of a ban on keyboxes issued by the Tuscan city of Florence in mid-November.

Persons: Rome Roberto Gualtieri, ”, Daniela Santanché Organizations: Rome CNN, Interior Ministry, CNN, ” CNN Locations: Rome, Italy, Cortina, Tuscan, Florence, ”

☆ Banks hit credit card users with higher rates in response to regulation that may never arrive
▼ + stars: | 2024-12-03 | by ( Hugh Son | ) www.cnbc.com time to read: +5 min

In this article SYFBFHJPMBARC-GBCCOF Follow your favorite stocks CREATE FREE ACCOUNTA customer uses a credit card to pay for items January 28, 2022 at a retail shop in New York City. Synchrony and Bread raised the annual percentage rates, or APRs, on their portfolios by an average of 3 to 5 percentage points, according to Sakhrani. Some pain, no gainThe CFPB says the credit card industry profits off borrowers with low credit scores by charging them onerous penalties. In March, the agency introduced a rule to cap late fees at $8 per incident, down from an average of about $32. While the rule is currently held up in courts, card users are already dealing with the higher borrowing costs and fees attributed to the regulation.

Persons: Robert Nickelsberg, Banks, Sanjay Sakhrani, Perry Beberman, We've, Beberman, Athleta Organizations: Getty, Verizon, JCPenney, Consumer Financial, CNBC, U.S . Chamber of Commerce, Federal Reserve Bank of New, Citigroup, Barclays, JPMorgan Chase, American Express, Banana Locations: New York City, Federal Reserve Bank of New York, Stamford , Connecticut, Banana Republic

☆ French lawmakers to hold no-confidence vote against embattled Barnier government on Wednesday
▼ + stars: | 2024-12-03 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

French Prime Minister Michel Barnier (C) ahead of his general policy statement to the French National Assembly in Paris on October 1, 2024. It comes after French Prime Minister Barnier on Monday opted to push through a highly-contested budget bill without parliamentary approval by deploying special constitutional powers. French lawmakers will debate and vote on the no-confidence motions filed against the fragile government of Michel Barnier on Wednesday. "Barnier is at the mercy of Marine Le Pen's right-wing Rassemblement National [National Rally]. New parliamentary elections cannot be held until next June, 12 months after the last snap vote that was called by French President Emmanuel Macron this year.

Persons: Michel Barnier, Barnier, Le, Holger Schmieding, Emmanuel Macron, Macron, — Organizations: French, French National Assembly, EU, National Assembly, Rassemblement, U.S . Locations: Paris, Germany, Greece

☆ Intel's next CEO needs to decide the fate of its chip fabs
▼ + stars: | 2024-12-03 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +5 min

As a longtime champion of the company's chip manufacturing efforts, he was reluctant to split it. Amid the broader CEO search, Intel also elevated executive Michelle Johnston Holthaus to CEO of Intel Products and the company's co-CEO. Intel has also outsourced some chip manufacturing to rival TSMC in recent years — which sends a negative signal to the market about its own fabs. AdvertisementIntel is getting CHIPS Act fundingOwnership of the fabs and CHIPS Act funding are highly intertwined. Still, the CHIPS Act remains key to Intel's future.

Persons: Intel's, they're, Pat Gelsinger, Michelle Johnston Holthaus, Analysts, Bernstein, TSMC, Dan Newman, Logan Purk, Edward Jones, Newman Organizations: US, Intel, Bloomberg, Intel Products, Nvidia, AMD, Foundry, Analysts

In this photo illustration, a McDonald's Quarter Pounder hamburger meal is seen at a McDonald's on October 23, 2024 in the Flatbush neighborhood in the Brooklyn borough of New York City. The Centers for Disease Control and Prevention on Tuesday said the deadly E. coli outbreak linked to slivered onions served at McDonald's is over, more than a month after the agency began its probe of the spread. The CDC said 104 people in 14 states were infected in the outbreak. The CDC pointed to fresh slivered onions served on Quarter Pounders and other menu items as the likely source of this outbreak. Shares of McDonald's have fallen 7% since the CDC first linked the chain's Quarter Pounders to the outbreak.

Persons: Gordon Haskett, McDonald's, Michael Gonda, Cesar Pina Organizations: Disease Control, CDC, North Locations: Flatbush, Brooklyn, New York City, McDonald's, Colorado

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