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In this article BRBY-GB.N225SMCI.SPXNVDA.IXIC.DJI Follow your favorite stocks CREATE FREE ACCOUNTChip company Nvidia's headquarters in Silicon Valley in February 2024. Andrej Sokolow | Picture Alliance | Getty ImagesThis 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. I clearly expect to see some kind of immediate reaction, knee-jerk reaction," Tiffany McGhee, CEO and CIO of Pivotal Advisors, told CNBC. Considering Nvidia's performance over the past two years, however, it's hard to think of any other asset that will give investors the same sense of safety.
Persons: SPX, Andrej Sokolow, Tiffany McGhee, Stocks, McGhee, Gonzalo Asis, Blackwell, Jensen Huang, bubbled, Iordache, Katrina Bishop, Brian Evans, Samantha Subin, Pia Singh Organizations: Getty, CNBC, Nasdaq, Dow Jones, Reserve, Bank of America Securities Locations: Silicon Valley, Russia, Ukraine
A key opportunity lies in everyday scenarios that often go wrong, eroding your mental strength versus building it up. Don't underestimate the negative impact that landing in the "poorly" column here can have on your life and career. "Bad" events, emotions, information, and feedback are more influential than "good" ones, research shows. Events involving negative emotions, for example, are four times more likely to be remembered than those involving positive emotions. If the person offering feedback truly wants you to get better, and you do too, you can work toward that goal together.
Persons: Albert Williams, It's
Bond vigilantes may pressure Washington to address deficits, affecting fiscal policy decisions. Wall Street doesn't constantly look to Washington for investment advice or direction, but the bond market is one place where they definitely intercept. The tipping point would create headwinds for the bond market as bond prices drop. The deficit is another sore spot, as promised tax cuts could further shrink government revenue. And this must be done by showing how they will offset tax cuts and remain fiscally responsible.
Persons: Jimmy Chang, Chang, they're Organizations: Trump, Republican, Rockefeller, Family Office Locations: Washington
Trump earlier this month had urged Senate Republicans not to allow any judicial confirmations in the final weeks of the Biden administration while the upper chamber was under Democratic control. Since then, other judicial nominees have been able to clear pivotal votes because not enough Republicans were present to block them. Two of the missing Republicans, Sens. Several of the missing Republicans – which also included Sen. Marco Rubio, Trump’s pick for secretary of state – were back in the chamber Wednesday. Even if no other Biden-appointed judge is confirmed, Trump will start his second term with a number of openings that is fewer than half of that previous number.
Persons: Joe Biden’s, Donald Trump’s, Trump, JD Vance, Embry Kidd, Sen, Joe Manchin, Vance, Bill Hagerty of, , Democratic Sen, John Fetterman, Biden, Carrie Severino –, ” Vance, Grace Chong, Steve Bannon’s, Christopher Wray, Fetterman, Sarah Russell, Kamala Harris, Hagerty, Ted Cruz, Hagerty’s, Republicans –, Marco Rubio, Trump’s, Mike Braun, Cruz, Rebecca Pennell, Amir Ali, doesn’t, Ali, Kyrsten Sinema, Montana GOP Sen, Steve Daines, Embry, Aileen Cannon, Jack Smith’s, Barack Obama’s, Alyana Treene, Kristen Holmes, Betsy Klein, Devan Cole Organizations: CNN, GOP, Conservative, Republicans, Ohio Republican, Circuit, Mar, Democratic, Trump, Crisis Network, FBI, House, Republican, Sens, SpaceX, Indiana, US, Court, of, Montana GOP, Senate Locations: Ohio, Trump’s Florida, Bill Hagerty of Tennessee, Hawaii, Ted Cruz of Texas, Texas, Eastern, of Washington, Montana
It is effectively an unregulated, offshore bank that’s become a tent pole of the $3 trillion crypto industry. The tether token is known as a stablecoin, a kind of crypto that was created to hold its value steady while others, like bitcoin and ether, swing wildly minute to minute. The company is now one of the biggest players in crypto, with a daily trading volume that eclipses even bitcoin, the world’s most popular token. Tether told the WSJ in a statement that any suggestion it was involved in criminal activity was “outrageous” and that the company works actively with law enforcement to combat illicit activity. But Lutnick, a Bitcoin enthusiast whose Wall Street firm manages Tether’s stockpile of Treasury bills, has eagerly defended the stablecoin issuer.
Persons: New York CNN — Howard Lutnick, Cantor Fitzgerald, who’s, they’re, Brock Pierce, , Giancarlo Devasini, “ There’s, we’ve, ” Lutnick, Donald Trump’s, , didn’t, Lutnick, Gary Gensler, ” Faryar Shirzad, “ It’s, Organizations: New, New York CNN, US Commerce Department, Ducks, Street, Manhattan US, Treasury Department, Bloomberg, Economic, Commerce Department —, Treasury, Securities and Exchange Locations: New York, Russian, Davos, United States, bitcoin
AdvertisementA Chinese ship was seen near severed Baltic Sea internet cables, the FT reported. Sweden is investigating the sighting of a Chinese vessel near where two Baltic Sea internet cables were severed, the Financial Times reported. AdvertisementThe Danish defense ministry said it was "in the area near" the Chinese ship in a statement on X Wednesday, amid unconfirmed reports that Danish officials had boarded the vessel. The International Union of Marine Insurance estimates that repairing damaged cables usually costs between $7 and $12 million. AdvertisementIt comes amid tensions between the West and China over its support of Russia in the war against Ukraine.
Persons: Boris Pistorius, Yi Peng, Erin Murphy, Murphy Organizations: Financial Times, FT, Danish Navy, Strategic, International, Russia, Foreign, International Union of Marine Insurance, Ukraine, Sweden's Ministry, Foreign Affairs, Marine, China's Embassy, Business Locations: Sweden, China, Lithuania, Sweden's Gotland, Russia, Ukraine, Germany, Finland, France, Italy, Poland, Britain, Egypt, Gulf of Finland, West
CNN —Two Georgia election workers who won a massive verdict against Rudy Giuliani because he defamed them after the 2020 election are asking a federal judge to hold him in contempt of court. The pair, Ruby Freeman and Shaye Moss, say Trump continues to repeat harmful lies about them on his nightly broadcast, in defiance of court orders. Accordingly, the Court should hold him in contempt and enter civil contempt sanctions,” Freeman and Moss’ lawyers wrote to Judge Beryl Howell in the DC District Court. Howell presided over the trial where a jury found Giuliani defamed Freeman and Moss so severely that he should pay them $150 million. He has already lost his law license because of his work for the Trump campaign in 2020, which included his efforts in Georgia.
Persons: Rudy Giuliani, Donald Trump, Ruby Freeman, Shaye Moss, Trump, , Rudolph W, Giuliani, ” Freeman, Moss, Beryl Howell, , Joseph R, We’re, That’s, ” Cammarata, Howell, Freeman, Anderson Cooper, Jeffrey Toobin, CNN’s Max Rego, Emily Condon Organizations: CNN, DC, Court, Trump, Wednesday, Giuliani, Locations: Georgia, Manhattan, United States, Washington , DC, York, Florida
Susan Smith arrives at Union County Courthouse as the penalty phase of her trial moves into closing arguments in 1995. On Wednesday, Smith will have her chance to make her argument before the parole board, according to the South Carolina Department of Probation, Parole and Pardon Services. Inmates in South Carolina are allowed to receive and send letters but cannot legally communicate with journalists in person or on the phone. Smith and the filmmaker discussed shooting the documentary after the parole hearing and how she would be paid for her participation, according to an incident report. Pope is against Smith’s parole and said he will be speaking before the parole board at the hearing Wednesday.
Persons: Susan Smith, Smith, Michael, Alex, , , John D, , Susan Smith's, Tommy A, Thomas, haven’t, David Smith, Money, David Smith fastens, John Kuntz, ” Tommy Pope, Pope, “ Susan, Susan, , ” Pope, Larry King, ” David Smith Organizations: CNN, Courthouse, Reuters, South Carolina Department of Probation, Services, South Carolina Department of Corrections, Judicial Locations: Union , South Carolina, Long, Union, South Carolina
And some conservative personalities are calling out the company's new video ad for being too "woke." But that "exuberant modernism," particularly in the company's video ad, is being mocked by some people online. AdvertisementJaguar's new video ad features models in colorful, modern clothing, and doesn't show any cars. (Current Jaguar models left in their inventories will be sold as pre-owned, a company spokesperson previously told Business Insider.) Jaguar's new brand strategy was created by its own in-house design team, not an external agency, according to the UK's Creative Review.
Persons: Tesla's Elon, Tesla's Elon Musk, Gerry McGovern, Elon Musk, Musk, India's Tata, Ian Miles Cheong, Nick Freitas, Bud Light, Bud, Kevin Dahlstrom, it's, Martin Brundle, who's, they're Organizations: Jaguar, Rover, India's, India's Tata Motors, Conservative, Republican, Delegates Locations: Miami, EVs, Virginia
CNBC's Jim Cramer on Wednesday said consumers right now aren't focused on brand names, but on companies that can provide the most value. The big box retailer cut its full-year guidance, and management said it saw weakness in discretionary products despite price cuts. Although the two retailers offer similar products, Cramer said Walmart is simply more affordable. He also named other discount outfits that are seeing success despite a tough consumer landscape, including Costco , TJX , Chili's-parent Brinker and Texas Roadhouse . On Wall Street, this focus on value extends beyond consumer companies and to sectors like tech, Cramer added.
Persons: CNBC's Jim Cramer, we're, " Cramer, Cramer, Brinker, Microsoft — Organizations: Target, Walmart, Costco, Texas, Nvidia, Google, Oracle, Microsoft
AdvertisementBesides taking Mounjaro, a weight-loss drug, Jim Gaffigan found that gardening benefited his health. He said gardening encouraged him to eat healthier and helped him achieve his fitness goals. Advertisement"I've always been kind of a compulsive eater," he said in the magazine's "Eat Like" video segment. "Big thing that made me eat healthier is I started gardening," he added. Since his doctor suggested taking the drug two years ago, Gaffigan has lost 50 pounds.
Persons: Jim Gaffigan, Jim Gaffigan's, Gaffigan, we've, I'm, Rebecca Harrington, breadcrumbs, Naomi Whittel Organizations: Men's, Business Insider Locations: Instagram
"It's now eating into stocks," he said on Tuesday of advanced weapon shipments to Ukraine and Israel. The US Navy's top commander in the Indo-Pacific raised concerns on Tuesday that the Pentagon's advanced weapons shipments to Ukraine and Israel could sap the strength it needs to deal with China. While speaking at the Brookings Institution, Adm. Samuel Paparo said he initially hadn't been concerned with the weapons sent to the Middle East and Europe. Adm. John Aquilino, Paparo's predecessor at Indopacific Command, said in March that China could be ready to invade Taiwan as early as 2027. AdvertisementPress teams for the Pentagon and Indo-Pacific Command did not respond to requests for comment sent outside regular business hours by Business Insider.
Persons: Sam Paparo, Paparo, Samuel Paparo, hadn't, who's, it's, John Aquilino, Mike Miniham Organizations: Pentagon, US, Brookings Institution, Pacific Command, Patriots, Israel, Indopacific Command, US Air Force, Press, Business Locations: China, Ukraine, Israel, East, Europe, Kyiv, People's Republic of China, Russia, Taiwan, Beijing
Delta Air Lines CEO Ed Bastian said the Trump administration's approach to regulation could be a "breath of fresh air." Speaking to reporters ahead of Delta's investor day, Bastian noted that President-elect Donald Trump campaigned saying he would take a "fresh look" at regulation and bureaucracy. "We have to invest in this industry," American Airlines CEO Robert Isom said at the Skift Aviation Forum in Dallas last week. In an interview last week, Sun Country Airlines CEO Jude Bricker said: "We just need stability and resources at the DOT." Industry members and analysts also expect the incoming administration to be more open to mergers and consolidation.
Persons: Ed Bastian, Bastian, Donald Trump, Pete Buttigieg, Trump, Sean Duffy, Duffy didn't, Robert Isom, Jude Bricker, Joe Biden's Organizations: Delta Air Lines Inc, Delta Air, Trump, U.S . Department of Transportation, Delta, Fox Business, U.S, Federal Aviation Administration, American Airlines, Skift Aviation, Sun Country Airlines, Industry, Alaska Airlines, Hawaiian Airlines, Biden's Justice, Spirit Airlines, JetBlue Airways, JetBlue Locations: New York, Dallas, U.S
After flatlining the week before, mortgage demand rose last week, despite mortgage rates rising for the fourth straight week. Total application volume increased 1.7% compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. Applications for a mortgage to purchase a home rose 2% for the week but were 1% lower than the same week one year ago. Purchase demand was driven by conventional and FHA loans, with FHA purchase applications seeing a 7% increase. Mortgage rates are about flat so far this week, according to a separate survey from Mortgage News Daily.
Persons: Joel Kan, Matthew Graham Organizations: Mortgage, Mortgage News, U.S Locations: Ukraine, Russia
Sean ‘Diddy’ Combs faces five new lawsuits
  + stars: | 2024-11-20 | by ( Elizabeth Wagmeister | ) edition.cnn.com   time to read: +5 min
CNN —Five new lawsuits against Sean “Diddy” Combs have been filed by both male and female accusers who allege they were drugged and sexually assaulted by the embattled music mogul, who now faces more than 30 civil complaints. The majority of the new lawsuits allege that plaintiffs were sexually assaulted at parties hosted by Combs, with one incident allegedly taking place at the producer’s White Party in 2004. One accuser claims in his lawsuit that he was assaulted by Combs and his associates at a casting call for a music video. Attorneys for Combs denied the claims, but did not respond to specific allegations in the lawsuits. Last month, the lawyers said at a press conference that they were representing more than 100 plaintiffs with allegations against Combs.
Persons: Sean “ Diddy ” Combs, Combs, Jane Doe ”, John Doe, , , Tony Buzbee, Andrew Van Arsdale, Buzbee, Combs ’, Jane Doe, , ’ ”, ” John Doe Organizations: CNN, Hamptons, White Party, Metropolitan Detention, Prosecutors Locations: New York City, Miami, New York, Brooklyn , New York
AdvertisementElon Musk's DOGE is considering developing a mobile app for tax filing, per the Washington Post. Elon Musk and Vivek Ramaswamy have been tasked with slashing government spending under Trump. Elon Musk's Department of Government Efficiency reportedly has its first target — the US tax system. Musk and Vivek Ramaswamy's cost-cutting agency has discussed developing a mobile app that would let Americans file their taxes for free, two sources told The Washington Post. Musk and DOGE did not respond to a request for comment from Business Insider, sent outside normal working hours.
Persons: Elon, Elon Musk, Vivek Ramaswamy, Vivek Ramaswamy's, Ramaswamy, Donald Trump's, Joe Biden, Musk Organizations: Washington Post, Intuit, Trump, Elon Musk's Department, Government Efficiency, Washington, Republicans, Treasury, Business Locations: Washington
AdvertisementRafael Nadal announced that his 20-year career in professional tennis has come to a close. The 22-time Grand Slam champion lost 6-4, 6-4 to Team Netherlands at the Davis Cup. Rafael Nadal has confirmed his plan to officially retire from professional tennis. His two-decade career came to a close following his 6-4, 6-4 loss to Botic van de Zandschulp, from the Netherlands, at the Davis Cup on Tuesday. "I'm not tired of playing tennis, but it's my body that doesn't want to play anymore, so I have to accept the situation."
Persons: Rafael Nadal, Botic van de Zandschulp, Pelé, I'm, Nadal, Mary Carillo, Tom Brady, Mike Tyson, Chris Mott, he's, Chris Andrews Organizations: Team Netherlands, Davis, Nadal, Peabody, Buccaneers, Business Insider Locations: Netherlands
AdvertisementIndian billionaire Gautam Adani has been charged in a massive bribery scheme. Adani and his executives convinced US investors to buy bonds on false promises, prosecutors allege. Prosecutors brought bribery charges against billionaire Gautam Adani, one of the richest people in India, alleging the business magnate and seven of his senior executives paid hundreds of millions of dollars in bribes to the Indian government and hid them from US investors. Gautam Adani, the founder and chairman of Indian conglomerate Adani Group, is estimated to be worth more than $85 billion, according to Bloomberg. Adani and his executives convinced US investors to buy bonds in one of the companies using false promises, prosecutors allege.
Persons: Gautam Adani, Adani, Sagar, Gautam, Sagar Adani, Sanjay Wadhwa Organizations: New, SEC, Adani, Bloomberg Locations: India, New York, SEC's
Business spending on generative AI surged 500% this year, from $2.3 billion in 2023 to $13.8 billion, according to data released by Menlo Ventures on Wednesday. The report also found that OpenAI ceded market share in enterprise AI, declining from 50% to 34%. Anthropic doubled its market share from 12% to 24%. Although OpenAI and Anthropic dominated companies' AI model use, he said, people are "juggling models" and that habit is "not a well-understood piece of data." Meta 's market share stayed at 16% and Cohere's share remained at 3%.
Persons: Anthropic, OpenAI, Tim Tully, Claude, Tully, that's, Mistral's, Google's, Anthropic's Claude, , chatbots Organizations: Menlo Ventures, Menlo, CNBC, Google, Microsoft Locations: Anthropic
Reuters —A prominent Ugandan opposition politician was kidnapped during a book launch in Kenya over the weekend, transferred to Uganda and is being held at a military jail in Kampala, his wife said on Wednesday. “I request the (government) of Uganda to release my husband Dr Kizza Besigye from where he is being held immediately,” said his wife Winnie Byanyima. A spokesman for the Ugandan military could not be immediately reached for comment. “As police, we don’t have him, so we can’t make any comment,” Ugandan police spokesman Kituuma Rusoke told Reuters. Besigye, who was Museveni’s physician during the guerrilla war but later became an outspoken critic, was kidnapped on Saturday during the launch of a book by veteran Kenyan opposition politician Martha Karua, Byanyima wrote on the social media platform X.
Persons: Kizza Besigye, Yoweri Museveni, , , Winnie Byanyima, Kituuma Rusoke, Martha Karua, Byanyima Organizations: Reuters, Besigye’s Forum, Democratic, UNAIDS, United Nations Locations: Kenya, Uganda, Kampala
On Wednesday, Musk and Ramaswamy outlined their vision for DOGE, which Musk previously said would cut $2 trillion from the federal budget. Ron DeSantis' Presidential Announcement with Elon MuskTheir opinion piece, published in the Wall Street Journal, is lengthy and dense, filled with Supreme Court rulings and decades-old statutes. Musk and Ramaswamy wrote that their goal for deep reform will be rooted in two Supreme Court rulings. Musk and Ramaswamy make it clear that by eliminating federal regulations, there should also be "mass head-count reductions across the federal bureaucracy." Musk and Ramaswamy note that Trump has implied that the statute is unconstitutional and predict that the Supreme Court would agree.
Persons: Elon Musk, Vivek Ramaswamy, Ramaswamy, Musk, Ron DeSantis, Loper, Raimondo, Chevron, Trump, haven't, DOGE, Musk's, Tesla, overreach Organizations: Department of Government, Florida Gov, Elon, Street, Management, Environmental Protection Agency, Chevron, Natural Resources Defense Council, Congress, Corporation for Public Broadcasting, Public Broadcasting Service, National Public Radio, Social Security, SpaceX, Trump, Musk Locations: Florida, America, West Virginia
CNN —Ukraine launched the British-French-made Storm Shadow missiles at targets inside Russia for the first time on Wednesday, according to a Russian military blog and Reuters, a day after Ukraine fired US-made ATACMS missiles into Russia. When Umerov was asked if Ukraine used the Storm Shadow missiles to hit a target inside Russia, he replied, “we are using all the means to defend our country, so we’ll not go into detail. A weapons expert who reviewed the video for CNN said there are no indications the explosions are from a different type of munition, but it’s not possible to definitively say they are from Storm Shadow missiles. The UK and France have previously supplied the long-range Storm Shadow missiles for Ukraine to use inside its own borders. Ukraine used eight long-range US missiles to successfully hit an ammunition depot deep inside Russia, according to two US defense officials.
Persons: Rustem Umerov, Umerov, , we’ll, Trevor Ball, Paul Adams, Shadow, Biden, Volodymyr Zelensky, Organizations: CNN —, Reuters, Ukraine’s, UK Ministry of Defense, CNN, Storm, US Army, Storm Shadow, French Ministry of Defense, , Ukrainian, Ukraine, Sunday, Russian Ministry of Defense Locations: CNN — Ukraine, British, Russia, Russian, Ukraine, Kursk, Marino, Ukrainian, France, “ Ukraine, Bryansk
Leppard said his clients only spoke to the Ethics Committee after receiving a subpoena and would only testify in public "with a valid legal subpoena that requires them to speak." But he said he would prefer to get that information either through the House Ethics Committee report or from the Justice Department. But, he added, that getting a copy of the House Ethics Committee report would be “the right starting point, politically balanced and complete. Wild and other Democrats on the House Ethics Committee want the report released to the public — or at least sent to Senate Judiciary members for their review. “I have not dictated anything to the Ethics Committee.
Persons: WASHINGTON —, Matt Gaetz, Gaetz, Joel Leppard, Leppard, Donald Trump, rouser, haven’t, Trump, Mckenzie Lange, Dick Durbin, he’s, ” Durbin, Michael Guest, Susan Wild, Mike Johnson, , I’ve, ” Johnson, “ I’m, ” Leppard, Sen, Richard Blumenthal, victimize, ” “, ” Blumenthal, JD Vance, Kevin Cramer, Cramer Organizations: NBC News, USA Today Network Senate, Justice Department, NBC, Trump, Judiciary, Committee, Senate Locations: Orlando, America, Richard Blumenthal of Connecticut
The San Francisco-based couple recently partook in a TikTok trend that features shoppers showing off the quirky items found at their local HomeGoods stores. “You feel the need to walk away with it because it’s gone the next day,” Gavello, 27, said about the appeal of HomeGoods products. But HomeGoods really does dictate for you, it tells you what to buy.”Wood said that he used to go to HomeGoods with his mom and pull out the weirdest items in the store to inspect. The official HomeGoods TikTok account commented on the couple’s video saying, “sometimes you don’t know what you need until you go to HomeGoods.”A representative for HomeGoods did not immediately respond to a request for comment Tuesday. Gordon said the TikTok trend is fun because it shows the wide range of decorations that exist across HomeGoods stores.
Persons: Aubrey Gavello, Alex Wood, it’s, ” Gavello, Wood, ” Wood, , HomeGoods, , Tatyiana Gordon, Gordon, “ It’s Organizations: TJX Companies, Sierra Trading, Marshalls, CNBC Locations: HomeGoods, San Francisco, Maxx, Syracuse , New York
Trump has been “heavily working the phones” to Republican senators for their support on behalf of Gaetz, according to a transition official. Trump announced Gaetz as his pick nearly a week ago. The official said Trump’s transition knows Gaetz is the toughest confirmation they will have to fight for by far. Sen. Kevin Cramer, R-ND, said he had received a phone call from Trump personally urging him to support Gaetz. This year, Trump announced his first pick to be White House Chief of Staff Susie Wiles just two days after election day.
Persons: Donald Trump, Justice Department — Matt Gaetz —, Trump, JD Vance, Chris Wray's, Vance, Biden, Pete Hegseth, Gaetz, “ Trump, Sen, John Thune, Kevin Cramer, ” Cramer, Ron Klain, Susie Wiles, Ben Carson, Carson, Elon Musk, Musk, Howard Lutnick Organizations: Justice Department, FBI, Trump, State , Defense, Homeland Security, Commerce, National Intelligence and National Security, White, Urban, Treasury Department, ‘ Department, Government Locations: Mar
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